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SHOCKING: 64 - What They Never Told You

The Unemployment Rate Declines to 3.7% and Nonfarm Payrolls Rise by 199,000

Morning Markets The S&P 500 Index ( $SPX ) ( SPY ) is up +0.32%, the Dow Jones Industrials Index ( $DOWI ) ( DIA ) is up +0.22%, and the Nasdaq 100 Index ( $IUXX ) ( QQQ ) is up +0.33%. Stocks are higher this morning, despite the...

Barchart

US Unemployment Ticks Down As Hiring Accelerates

The United States saw its jobless rate edge down in November while hiring rose more than expected, government data showed Friday, as policymakers mull the need for further efforts to cool the economy.

International Business Times

US economy adds 199,000 jobs as unemployment rate falls slightly

Jobless rate down to 3.7% as world’s largest economy grapples with interest rates and American policymakers plot next moves

The Guardian - US

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Filings for jobless claims tick up modestly, continuing claims fall

U.S. applications for jobless benefits ticked up last week, but the overall number of people in the U.S. collecting unemployment benefits fell after hitting its highest level in two years last week

The Independent UK

November Jobs, Unemployment And Wages: What To Expect

Wall Street expects the U.S. economy to have created somewhere between 160,000 and 185,000 jobs in November, based on two forecasts published by Trading Economics.

International Business Times

Opposition questions Centre’s inaction on issues of unemployment, price rise in Rajya Sabha

Opposition questions Union government performance in economy, BJP defends Centre, citing electoral victories. Chidambaram focussed on unemployment, price rise & inequality. O'Brien & Reddy raised issues of price rise & trade deficit

The Hindu

US job openings fall to lowest level since March 2021 as labor market cools

U.S. employers posted 8.7 million job openings in October, the fewest since March 2021, in a sign that hiring is cooling in the face of higher interest rates yet remains at a still-healthy pace

The Independent UK

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Telangana Assembly election results 2023 | Congress breaks Bharat Rashtra Samithi’s decade-long hold over Telangana with big wins

Telangana, the citadel of the Bharat Rashtra Samithi (BRS) for the last 10 years, has been overrun by the Congress after a nine-and-half-year battle with the promise of self-respect and welfare schemes

The Hindu

After all those dole diaries and ‘mutual obligations’, it turns out Australia’s privatised employment services don’t work

This is another legacy of John Howard and the neoliberal ideology he and his fans pursued despite the evidence

The Guardian - AU

Inflation, Unemployment Weigh On DR Congo Leader's Economic Gains

President Felix Tshisekedi, who once vowed to transform DR Congo into "the Germany of Africa", has promised to create jobs if he is re-elected, after a first term marked by economic growth but soaring inflation.

International Business Times

U.S. weekly unemployment insurance claims rise to 218,000

New applications for U.S. unemployment insurance benefits rose 7,000 for the week ending Nov. 25 to a seasonally adjusted 218,000. The previous week’s figure was revised up by 2,000 to 211,000. The four-week moving average as of Nov. 11 fell 500 from the previous week’s revised average to 220,000.

Ballotpedia

Stocks Mixed as Higher Bond Yields Weigh on Tech Stocks

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.07%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.84%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.77%. Stocks this morning are mixed, with the Dow Jones...

Barchart

Applications for US jobless benefits rise modestly, but continuing claims are most in 2 years

Slightly more Americans filed for jobless claims last week, but the overall number of people in the U.S. collecting unemployment benefits rose to its highest level in two years

The Independent UK

Stocks Rise Before the Open as Key U.S. Inflation Data Looms

December S&P 500 futures (ESZ23) are up +0.21%, and December Nasdaq 100 E-Mini futures (NQZ23) are up +0.23% this morning as market participants looked ahead to a reading on the Federal Reserve’s preferred inflation metric.

Barchart

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Barchart

Stocks Move Higher Before the Open as Key U.S. Inflation Data Looms

Reason

Yes, Heavy Regulation Hurts the Economy. Just Look at France.

We're often told European countries are better off thanks to big-government policies. So why is the U.S. beating France in many important ways?

Newcastle Herald

Why Newcastle unemployment rate halving in just a month is bad for business

Under normal circumstances, it would be cause for celebration.

The Hindu

Unemployment rate in urban areas has come down: survey

Conducted by the Labour Ministry, the Periodic Labour Force Survey (PLFS) defines unemployment rate as the percentage of persons unemployed among the persons in the labour force

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France 24

Why are these young Chinese graduates working as street vendors?

The unemployment rate for 16 to 24-year-olds in Chinese cities hit a record high of 21.3% in June. There are no figures since then, because the government decided to stop announcing them. With white-collar jobs hard to come by, more and more young graduates are taking jobs as street vendors.…

The Walrus

Why the Opioid Crisis Is Rooted in the Housing Crisis

A prevalent narrative asserts that the tents, the despair, the not waking up are about mental illness and addiction. That narrative crumbles after the first questions

The Hindu

Telangana’s unemployment rate highest in the country, says Jairam Ramesh

Telangana formed on slogan of jobs and water, yet has highest unemployment rate in country. Jairam Ramesh blames BRS govt for not providing jobs and playing with youth's lives. KTR focused on wealth growth in Hyderabad only, while Telangana struggle was to develop small towns. Credit to Sonia Gandhi and…

Newslaundry

Telangana’s unemployment woes: What data says about the last nine years

Boda Sunil Naik, an unemployed tribal man, died by suicide in 2021 after blaming the Telangana government for delaying government job notifications. In a video filmed before his death, Sunil urged Telangana’s unemployed youth to continue fighting against Chief Minister K Chandrashekar Rao.

Ballotpedia

U.S. weekly unemployment insurance claims rise to 231,000

New applications for U.S. unemployment insurance benefits rose 13,000 for the week ending Nov. 11 to a seasonally adjusted 231,000. The previous week’s figure was revised up by 1,000 to 218,000. The four-week moving average as of Nov. 11 rose 7,750 from the previous week’s revised average to 220,250.

The Hindu

BRS mismanaged the economy: Chidambaram

Chidambaram charges BRS govt with mismanaging economy, leading to ₹3.66 lakh crore debt in 2022-23. Per capita debt at ₹96,316, education & health sectors neglected. Highest rate of inflation & fuel prices in country. Unemployment allowance of ₹3,016 not given. People desire change in govt.

The Guardian - AU

Australian economy adds twice as many jobs as expected as unemployment rate rises to 3.7%

Employers added a net 54,900 jobs in October as economy’s resilience contributed to tight labour market

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