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REVEALED: 96 | Vintage Vibes

Soaring rent, food costs keep US consumer inflation high

The rising rent and food prices reinforce expectations that the US Fed will raise interest rates again next month.

Al Jazeera

U.S. applications for jobless aid rise last week

The number of Americans applying for unemployment benefits rose slightly last week but remains historically low even as the U.S. economy slows in the midst of decades-high inflation

The Independent UK

Commentary: The labor market’s double-edged sword

The unemployment rate now matches the pre-pandemic, half-century low of 3.5 percent. But with 2.8 million missing workers, low unemployment is both a blessing and a curse.

Tribune News Service

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Crisis-hit Iraq Makes Latest Bid to Elect President

Lawmakers in crisis-hit Iraq meet Thursday for their fourth attempt this year to elect a state president and break a year-long gridlock marred by deadly violence that has deepened economic woes. Oil-rich Iraq has yet to form a new government after general elections more than a year ago that were…

Asharq Al-Awsat

Survey: Experts see massive hiring slowdown and surging unemployment a year from now

Employers have added 3.5 million jobs so far this year, among the fastest pace in 28 years and a remarkable feat considering the number of headwinds powerful enough to knock hiring off course — from boiling inflation to the fastest Federal Reserve rate hikes in four decades.

Tribune News Service

California governor vetoes unemployment insurance for undocumented immigrants

California Gov. Gavin Newsom (D) vetoed a bill on September 28 that would have extended unemployment insurance benefits to undocumented immigrants and those in the country illegally under what was called the Excluded Workers Pilot Program. Newsom cited the price of the program as the reason for his veto.

Ballotpedia

Johannesburg's informal traders face abuse: the city's ‘world class’ aspirations create hostility towards them

Unemployment and the rising cost of living force many people to make a living in the informal economy, particularly street trading. While it is difficult to measure the size of the informal economy, some studies show that more than 60% of employed people in the world work in the informal…

The Conversation

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D.K. Shivakumar wears T-shirt highlighting unemployment in Karnataka

Congress State unit president tweets: “Youth of Karnataka need jobs, not empty promises”

The Hindu

WA's stolen unemployment money trickling in 3 years later

Nearly three years after thieves stole $645 million in pandemic unemployment benefits from Washington state, investigators are still clawing back funds frozen in fraudsters' bank accounts.

Tribune News Service

Lowest jobless tally since 1974 adds rate pressure on Bank of England

Unemployment dropped from 3.6% to 3.5% in the three months to August

Evening Standard

Record number of Scottish women in work

The overall unemployment rate also dropped to 3.3% from June to August

Insider UK

UK unemployment falls but number of long-term sick rises to record high

Jobless level lowest since 1974 but pay growth still failing to keep pace with soaring inflation

The Guardian - UK

North East unemployment rate hits record low, new figures show

The North East no longer has the highest unemployment in the UK, though rates of economic inactivity remain high

Chronicle Live

FTSE 100 Live: Unemployment dips to 3.5%, Bank of England ramps up intervention

The UK unemployment rate remains at its lowest in nearly 50 years after figures today showed a dip to 3.5% in the three months to August.

Evening Standard

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The Independent UK

What Friday's jobs report means for Fed's inflation fight

For most Americans, Friday’s September jobs report was welcome news: Businesses kept hiring at a brisk pace, unemployment fell back to a half-century low and average pay rose

Tribune News Service

US jobs rise while unemployment drops, keeping pressure on Fed

U.S. employers continued to hire at a solid pace last month and the jobless rate unexpectedly returned to a historic low, indicating a sturdy labor market that puts the inflation-focused Federal Reserve on course for another outsize interest-rate hike.

WEKU

Stocks sink despite Friday's report that hiring cooled in September

A new jobs report showed a modest slowdown in hiring last month that was not enough to soothe Wall Street's worries about inflation and the Fed. The unemployment rate edged down to 3.5%

Ballotpedia

U.S. weekly unemployment insurance claims rise to 219,000

New applications for U.S. unemployment insurance benefits rose 29,000 for the week ending October 1 to a seasonally adjusted 219,000. The previous week’s figure was revised down from 193,000 to 190,000. The four-week moving average as of October 1 rose to 206,500 from a revised 206,250 as of the week…

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Al Jazeera

US midterm elections: Five economic issues to watch

Inflation is on the minds of American voters as they head to the polls next month to decide who will control Congress.

Tribune News Service

US jobless claims rise by more than forecast to 219,000

Applications for U.S. unemployment insurance rose by more than forecast last week, though remained at a historically low level.

The Independent UK

More Americans apply for jobless benefits last week

More Americans filed for unemployment benefits last week, but the labor market remains strong even in the face of persistent inflation and a slowing overall U.S. economy

Los Angeles Times

Michael Hiltzik: How did America get addicted to a policy that fails everyone but the rich?

Here's the central riddle of U.S. politics since the Great Depression:

Tribune News Service

Job openings in Washington grew rapidly this summer. That's not good news

This summer, more companies posted job openings in Washington state than almost anywhere else in the U.S., indicating inflation is likely to persist as labor shortages continue.

The Independent UK

Young men feel most ‘threatened’ by progress in women’s rights, study finds

‘Some research suggests that this feeling of injustice can even motivate citizens to vote for right-wing radical parties who are against feminism and sexual freedom,’ says researcher

Miami Herald

Editorial: Receiving Florida unemployment benefits better be easier for Ian’s victims than it was for COVID’s

Those left jobless by Hurricane Ian, mainly the thousands of people who worked in the tourism industry in Sanibel, Fort Myers and Naples and Pine Island, are about to learn whether the state’s improved unemployment website will handle the load more effectively than it did during the COVID-19 pandemic. It…

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