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Australia’s unemployment rate falls to 4.9% but underemployment up as lockdowns take toll

Australia’s unemployment rate falls to 4.9% but underemployment up as lockdowns take toll

UnemploymentAustralia’s unemployment rate falls to 4.9% but underemployment up as lockdowns take tollThe economy added nearly 30,000 jobs in June but fewer hours were worked overall as a result of Victoria’s lockdown

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Promising Jobs Data Closes Out Positive First Half of 2021

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Promising Jobs Data Closes Out Positive First Half of 2021

The economic recovery is getting better, jobs are rolling in faster, and Wall Street is taking notice. A man walks out of a Marc’s Store in Mayfield Heights, Ohio, on Jan. 8, 2021. (AP Photo/Tony Dejak, File) MANHATTAN (CN) — The first six months of 2021 could have been better, but investors are hard-pressed to […]

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Economic Recovery Accelerates With 850,000 New Jobs

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Economic Recovery Accelerates With 850,000 New Jobs

The gain shows the recovery from the coronavirus pandemic is picking up pace, but the U.S. is still down millions of jobs compared to February 2020. A shopper enters a Dollar Tree store displaying a now-hiring sign in Buffalo Grove, Ill., last week. (AP Photo/Nam Y. Huh) (CN) — American employers added a robust 850,000 […]

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California Added Over 100,000 Jobs in May, but Labor Shortages Threaten Recovery

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California Added Over 100,000 Jobs in May, but Labor Shortages Threaten Recovery

Experts say pandemic-inspired extra unemployment benefits are holding the state back. (AP Photo/Rogelio V. Solis) SACRAMENTO, Calif. (CN) — California employers added nearly 105,000 new jobs in May, yet weakened pandemic restrictions that allowed much of the hospitality and entertainment industries to fully reopen didn’t make a dent in the state’s unemployment rate. State officials […]

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August Unemployment Rises In 6 States Falls In 3, Payrolls Unchanged

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August Unemployment Rises In 6 States Falls In 3, Payrolls Unchanged

By Bureau of Labor Statistics Publications In August, unemployment rates were significantly higher in 6 states, lower in 3 states, and stable in 41 states and the District of Columbia. Nonfarm payroll employment increased in 4 states and the District, decreased in 3 states, and was essentially unchanged in 43 states. Source:  Regional And State […]

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European Economic Highlights – Will Consumer Confidence Rise Again?

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European Economic Highlights – Will Consumer Confidence Rise Again?

Will Euro Area consumer confidence rise again? The European economy fell for sixth consecutive quarter, contracting by 0.2% in the first quarter of 2013. This downward trajectory seems likely to continue in the coming months as well. The differences between countries are of course large though, as the Italian and Spanish economies are still experiencing […]

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Unemployment: First Time Jobless Claims Soar To 360,000

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Unemployment: First Time Jobless Claims Soar To 360,000

By METEOR BLADES, Daily Kos Labor— First-time claims for unemployment benefits took an unexpected leap for the week ending May 11, rising to a seasonally adjusted 360,000, the Department of Labor reported. That’s 32,000 above the previous week’s revised figure of 328,000, originally reported as 323,000. It was the biggest climb since the aftermath of Hurricane […]

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Applications For Unemployment Benefits Fall Again, Now At 323,000

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Applications For Unemployment Benefits Fall Again, Now At 323,000

By METEOR BLADES, Daily Kos Labor— The Department of Labor reported Thursday, May 9, 2013, that seasonally adjusted, first-time applications for unemployment compensation fell again. For the week ending May 4, claims fell to 323,000, down 4,000 from the previous week’s revised figure of 327,000, originally reported as 324,000. For the comparable week of 2012, 366,000 jobless […]

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Developing Nations’ Youth Employment: Informal, Underpaid, Unemployed

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Developing Nations’ Youth Employment: Informal, Underpaid, Unemployed

ILO News– Two thirds of working age youth in some developing countries are either unemployed or trapped in low-quality jobs, according to the ILO Global Employment Trends for Youth 2013 report. In six of the ten countries surveyed, more than 60% of young people are either unemployed, working but in low quality, irregular, low wage jobs, often […]

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More Job Growth For Women During April, Men Not So Much

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More Job Growth For Women During April, Men Not So Much

 Job growth for women improved in April compared to the previous month, according to an Institute for Women’s Policy Research (IWPR) analysis of the Bureau of Labor Statistics (BLS) May employment report. Of the 165,000 total jobs added to nonfarm payrolls, women gained 117,000 jobs, 71%. Job growth was slower for men. Men gained 48,000 jobs, […]

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