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INSANE: 93 - The Real Truth

U.S. weekly unemployment insurance claims rise to 225,000

New applications for U.S. unemployment insurance benefits rose 7,000 for the week ending November 5 to a seasonally adjusted 225,000. The previous week’s figure was revised up from 217,000 to 218,000. The four-week moving average as of November 5 fell to 218,750 from a revised 219,000 as of the week…

Ballotpedia

Jeremy Hunt's autumn statement is a poisoned chalice for whoever wins the next election

UK Chancellor Jeremy Hunt has produced a highly political autumn statement that throws forward major cuts in public spending to after the next general election. The accompanying economic forecast by the government’s Office for Budget Responsibility (OBR) confirms that the country is facing a recession, with unemployment rising, inflation still…

The Conversation

Voice of the Mirror: '12 years of dismal Tory rule has left the country in dire straits'

Over a decade of Conservative rule has led the country to recession, rocketing unemployment and the biggest fall in living standards since records began

Daily Mirror

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US jobless claims retreat slightly, hovering near historic lows

Applications for U.S. unemployment insurance unexpectedly fell slightly last week and remained near historic lows, showcasing the strength of the labor market as other parts of the economy cool.

Tribune News Service

Welsh business leaders and political parties have their say on Autumn Statement

The OBR concluded the UK is now in recession and was facing an increase in unemployment

Birmingham Post

Fewer Americans file for jobless benefits last week

The U.S. job market remains healthy as fewer Americans applied for unemployment benefits last week, despite the Federal Reserve’s rapid interest rate hikes this year intended to bring down inflation and tighten the labor market

The Independent UK

U.S. policymakers have one last chance to avoid a recession: Find the 1.5 million women who vanished from our workforce

Some 1.5 million women have vanished from the labor force since Feb. 2020. That bothers gender economist Katica Roy–and not for reasons of fairness.

Fortune

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Jeremy Hunt says UK is in recession and 500,000 will lose their jobs

Mr Hunt said unemployment is expected to rise from 3.5% today to 4.9% by 2024

Wales Online

The Guardian view on mass unemployment: inflation will drop without this pain

Editorial: Policymakers are wrong to think rising joblessness and a recession are a price worth paying

The Guardian - UK

North East unemployment reaches record low but concerns over inactivity

The annual report from the North East LEP has been released alongside national figures on unemployment

Birmingham Post

Unemployment in Scotland rises slightly

Scottish employment minister calls on UK Government to use its powers to help stimulate the economy

Insider UK

UK labour market is changing as inflation squeezes real pay

Workforce has shrunk amid rising long-term sickness and it appears unemployment is growing again

The Guardian - UK

UK strike levels soar as public sector workers face worst pay squeeze

Wage growth continues to lag behind rising inflation as unemployment rate rises slightly

The Guardian - UK

Unemployment rate edges higher in sign of cooling jobs market

The rate of unemployment stood at 3.6% in the three months to September, up from 3.5% in the previous three months, the ONS said.

Evening Standard

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The Guardian - UK

Pound rallies as US PPI inflation falls; insolvencies jump as UK economy weakens – as it happened

October’s producer price index figures fuel hopes that US inflation is easing, as company insolvencies in England and Wales jump

Chronicle Live

North East unemployment falls to record low for second month running

The fall in unemployment comes despite a number of warnings over the state of the economy

Wales Online

Rate of unemployment in the UK has risen to 3.6%

The biggest driver behind the fall came from hospitality, followed by retailing and wholesaling

The Independent UK

UK unemployment rises to 3.6 per cent as recession looms

Half a million working days were lost to strikes in August and September, the ONS said

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The National (Scotland)

Scots have 'ethnic' problem with unemployment, says Thatcher event speaker

A SPEAKER at a conference organised by Margaret Thatcher’s right-wing think tank has suggested Scotland’s rate of unemployment is an…

ABC News

Deutsche Bank forecasts Australia will enter a recession in 2023, following an expected rise in unemployment

Deutsche Bank expects Australia's unemployment rate to spike to 4.5 per cent by the end of 2023, leading to a recession under the investment bank's definition.

The Independent UK

Many vets are landing jobs, but the transition can be tough

The U.S. is celebrating Veterans Day at a time when the nation is experiencing some of its lowest monthly veteran unemployment rates on record

The Guardian - US

Inadequate US state unemployment systems leave millions vulnerable

Unprepared system leaves unemployed Americans vulnerable to poverty, losing homes and struggling to pay bills or feed families

The Conversation

Rising unemployment: economists sometimes say it's good for the economy, but are they right?

Signs of a global economic downturn are growing by the day. Inflation is still going up, debt is up and interest rates are up, which means that projections for growth are down. Put simply, the proverbial something is close to hitting the fan.

StockNews.com

3 Stocks You Can Buy to Supercharge Your Portfolio Right Now

The U.S. economy expanded in the third quarter, providing some relief amid the widespread recession fears. Moreover, with the latest job report showing an increase in unemployment, there are hopes of a slowing pace of rate hikes. We think this could be the right time to scoop up fundamentally strong…

The Conversation

Negative equity is looming for some home owners – but you only need to worry if you need to sell

It feels like a perfect storm is building. The rising cost of living and higher interest rates are putting household budgets under stress, and falling house prices could push some home owners into negative equity.

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