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YOU WONT BELIEVE: 67 - You Need To See This

Applications for US jobless benefits fall to lowest level in more than 8 months

Applications for unemployment benefits fell to their lowest level in eight months last week as businesses continue to retain workers despite elevated interest rates meant to cool the economy and labor market

The Independent UK

Australia’s jobless rate fell to 3.6% in September despite 40,000 full-time jobs being shed

Unemployment rate was 3.6% in September compared with reported 3.7% in August, the Australian Bureau of Statistics says

The Guardian - AU

Haryana witnesses continuous growth in employment opportunities with Unemployment Rate falling to 6.5%

CHANDIGARH: Haryana's relentless pursuit of employment generation, has borne fruit, with the state's unemployment rate declining to an impressive 6.5 percent.

The Times of India

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IPL team, OBC quota and ₹25 lakh health insurance: Congress promises slew of schemes in Madhya Pradesh manifesto

Kamal Nath also announced waiver of farm loans up to ₹2 lakh and an assistance of ₹1,500 per month to women in the manifesto for Madhya Pradesh Assembly polls.

The Hindu

An uncertain future: Soaring youth unemployment hits Chinese graduates

Many graduates in China are giving up the pursuit of their dream jobs as unemployment soars

The Independent UK

California's $20 Minimum Wage Will Hurt the Fast Food Workers It's Meant to Help

Boosting minimum wages often increases unemployment and raises prices.

Reason

IMF sees bleaker economic times ahead for Australia, but the picture’s not all bad

Global assessment says country’s in better position this year than forecast six months ago, but revises down growth outlook to a historically bad 1.2%

The Guardian - AU

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What is the Gaza Strip? Here's what to know

With high poverty and unemployment and severe restrictions on movement, life in the Gaza Strip was already difficult before Israel's retaliatory offensive began this week in response to Hamas attacks.

WEKU

Is Unemployment Taxable? A State-by-State Guide

The federal government taxes unemployment benefits. But is unemployment taxable in your state?

Kiplinger

Unemployment rate declined, says Centre’s survey

Unemployment rate in India decreased between Apr-Jun 2023; LFPR & WPR also improved. NSSO survey of 5,639 FSUs & 1.67L people showed LFPR in urban areas increased from 47.5% to 48.8%, WPR from 43.9% to 45.5% & UR from 7.6% to 6.6%. Pre-pandemic LFPR, WPR & UR lower than current…

The Hindu

Successive governments have failed to check migration from Srikakulam, alleges Jana Sena Party

Jana Sena Party (JSP) leaders S. Vishwaksen and Gedela Chaitnya have alleged that the successive governments had failed to check the migration of people from Srikakulam district which was “blessed with natural resources” including four major rivers and 190-km-long coastline. The JSP organised a ‘Yuva Garjana’ programme at Ramalaxmana Junction…

The Hindu

China's youth unemployment problem has become a crisis we can no longer ignore

Youth unemployment is a global problem, but in China the rate - 21.3% - is particularly alarming, not just because it’s high, but because it could affect other economies and geopolitical relations.

The Conversation

In massive COVID-19 relief fraud, gangs used millions in PPP, other government aid on guns, drugs, feds say

In Chicago, the price of illegal guns soared during the pandemic, but gangs were able to pay for them with fraudulent PPP and other COVID-19 relief money, agents say.

Chicago Sun-Times

How to make sense of the country's stunningly strong job market

U.S. employers added about twice as many jobs in September as forecasters expected. That's good for people looking for work, but the strong report could complicate the Fed's effort to curb inflation.

WEKU

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Zenger

Investors Await September Jobs Report For Fed Rate Clues

September jobs report and non-farm payrolls data to shape market expectations.

Barchart

Markets Today: Stocks Slip as Bond Yields Climb on U.S. Labor Market Strength

Morning Markets December E-Mini S&P 500 futures (ESZ2 3) are down -0.39%, and the Dec Nasdaq 100 E-Mini futures (NQZ2 3) are down -0.34%. Stock index futures this morning are moderately lower. A smaller-than-expected increase in weekly initial unemployment claims signals labor market strength that nudged bond yields higher and...

Capital & Main

Newsom Said Cost Made Him Veto Unemployment Pay for Strikers. Unions Say It Was Disrespect.

The bill passed by the California Legislature would have limited benefits to keep state payments manageable.

Ballotpedia

California governor vetos unemployment benefits for striking workers

California Gov. Gavin Newsom (D) vetoed a bill Sept. 30 that proposed allowing workers to claim unemployment insurance benefits after striking for two weeks. Senate Bill 799 previously passed the state Senate 27-12 on Sept. 14 and passed the state House 59-18 on Sept. 11.

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The Texas Tribune

Texas’ unemployment rate is among the nation’s worst — but experts say it signals a growing economy

The state has yet to return to its pre-pandemic unemployment rate of about 3.5%, even as it leads the country in new jobs created. However, state economic experts say the unemployment rate is an indicator of Texas’s rapidly growing population and labor force.

The Guardian - UK

Hunt’s speech pleases Tory faithful but is unlikely to resonate with voters

Cost of living crisis, rising unemployment and extended NHS waiting times will determine government’s chances in general election

Barchart

Crude Inventories, Jobs and Other Market Moving Items to Watch This Week

We’ll see some key data releases this week as well as some potentially market-moving news. Here are 5 things to watch in the market this week.

WEKU

California's governor rejects a bill to give unemployment checks to striking workers

Democratic Gov. Gavin Newsom said he vetoed the bill because the fund the state uses to pay unemployment benefits will be nearly $20 billion in debt by the end of the year.

The Independent UK

California governor rejects bill to give unemployment checks to striking workers

California won’t be giving unemployment checks to workers on strike

USAFacts

Everything you need to know about a government shutdown

The impacts of government shutdowns include furloughed employees, reductions in services, closed parks and museums, and much more.

Barchart

S&P Futures Climb as Bond Yields Fall Ahead of Key U.S. Inflation Data

December S&P 500 futures (ESZ23) are trending up +0.43% this morning as dovish-leaning remarks from Fed officials and reports of a potential meeting between U.S. and Chinese leaders boosted sentiment while investors looked ahead to a reading on the Federal Reserve’s preferred inflation gauge.

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