Unemployment Financial News

United States was lower than anticipated in July, according to government data released Friday, hovering at the slowest pace since late 2020 in encouraging news for policymakers. The world's biggest economy added 187,000 jobs last month, slightly above the 185,000 figure in June after a downward revision, said the Department of Labor.

BEIJING — Ask young people about the Chinese job market, and the frequent answer is things are more difficult this year.

(Reuters) — Record low unemployment in June highlighted Russia's stark labour shortage, statistics data showed on Wednesday, even as the rebound from last year's economic slump continued with double-digit jumps in wage growth and retail sales.

unemployment rate fell last month mainly due to increased demand for agricultural labour in rural areas with the onset of the monsoon season. According to a report published by Bloomberg citing Centre for Monitoring Indian Economy(CMIE) data for the month of July, the total joblessness rate fell to 7.95% in July, from 8.45% in June The seasonal monsoon rains have covered the entire country and it is critical as the monsoon rains water nearly half of the country's agricultural land have raised the expectations of higher production in farm products and also helping in economic growth.

The Congressional Budget Office reports that economic and job growth so far this year has been stronger than forecast in February, but an updated outlook sees parts of the economy as weakening through 2024

HEFEI, China—More than one in five young people in China are jobless. The government casts much of the blame on the job seekers themselves, insisting that their expectations have gotten too high. Young people need to stiffen their spines and embrace hardship, says leader Xi Jinping, who labored in the countryside in China’s Cultural Revolution.

Congress leader Deepender Singh Hooda said the unemployment rate has increased three-fold in Haryana under BJP rule and slammed the Manohar Lal Khattar government over the «appalling» situation. In a reply to a question in Parliament, Union Minister of State for Labour and Employment Rameswar Teli on Thursday said the unemployment rate in Haryana was 2.9 per cent in 2013-14 (when Congress was in power), which increased to 9.0 per cent in 2021-22, the Congress leader said in a statement here. «If we look at the unemployment rate at the national level, it is 4.1 per cent, which is less than half the unemployment rate in Haryana,» Deepender Hooda, son of former Haryana Chief Minister Bhupinder Singh Hooda, said. «This appalling situation despite the fact that Haryana is surrounded by the national capital from three sides. Haryana is the only state in the country where the unemployment rate has increased three times during the BJP rule,» he said. He claimed Haryana has become number one in terms of unemployment rate among the major states of the country.

economic development that pre-dates the Covid pandemic. The country has hit a new record high in youth unemployment as the country's post-pandemic recovery falters.  According to a report by BBC, the unemployed rate of China's residents aged 16-24, rose to 21.3% last month. The report comes as the world's second largest economy grew just 0.8% in the three months to the end of June.

SYDNEY (Reuters) — Australian Treasurer Jim Chalmers said on Sunday that he expected the nation's jobless rate to lift from near a 48-year low on the back of higher interest rates and slowing global growth.

fight against inflation, the state of America’s labour market has taken on extraordinary importance. Its health is a crucial indicator of whether the battle is being won or lost. Initially the covid-19 pandemic was to blame for many of the workforce gaps, since people were less inclined to venture out for employment.

StoneX Group Inc. chief market strategist Kathryn Rooney Vera weighs in on the job openings surge from April on 'Making Money with Charles Payne.'

Canada’s unemployment rate rose to 5.4 per cent in June even as the country’s employers kept hiring, according to Statistics Canada.

unemployment rate retreating from a seven-month high and fairly strong wage gains continuing. Nonfarm payrolls increased by 209,000 jobs last month, the Labor Department said in its closely watched employment report on Friday. Data for May was revised lower to show payrolls rising 306,000 instead of 339,000 as previously reported.

cryptocurrency markets were majorly trading higher on Friday amid positive weekly unemployment data in the US. Bitcoin (BTC) rose 0.93% to $26,450 whereas Ethereum (ETH) was above the $1,800 level. BTC volume in the last 24 hours stood at approximately $12.66 billion, down 20.62%. «Crypto markets have traded sideways in the last 24 hours. The slight increase could be attributed to positive weekly unemployment data in the US,» Parth Chaturvedi, Investments Lead at CoinSwitch Ventures, said. Crypto markets seem to be in a holding phase currently wherein investors are awaiting a clear resolution on US’ debt ceiling conversations, Parth added. Other top crypto tokens were also trading higher on Friday. Litecoin surged nearly 2%. Ethereum, Polygon, and XRP were also trading higher.

Record unemployment among China's young people stems partly from a mismatch between their majors and available jobs, Goldman Sachs analysts said in a report Monday.

U.S. job growth accelerated at the start of the year as employers added a robust 517,000 jobs and pushed the unemployment rate to a 53-year low.

U.S. job growth accelerated at the start of the year as employers added a robust 517,000 jobs and pushed the unemployment rate to a 53-year low.

U.S. job growth accelerated at the start of the year as employers added a robust 517,000 jobs and pushed the unemployment rate to a 53-year low.

U.S. job growth accelerated at the start of the year as employers added a robust 517,000 jobs and pushed the unemployment rate to a 53-year low.

U.S. job growth accelerated at the start of the year as employers added a robust 517,000 jobs and pushed the unemployment rate to a 53-year low.

U.S. job growth accelerated at the start of the year as employers added a robust 517,000 jobs and pushed the unemployment rate to a 53-year low.