Unemployment

US debt ceiling deal: What’s in, what’s out of the bill
The Democratic president and Republican speaker are trying to win over lawmakers to the plan in time to avert a default.
Published On 29 May 2023
From: Counting the Cost
How will Turkey’s presidential run-off shape the economy?
Soaring inflation and a plunging lira will be top priorities for whoever wins the presidential run-off on May 28.
Video Duration 25 minutes 15 seconds
Published On 20 May 2023
Is ‘shareholder supremacy’ driving the layoffs in tech?
Listed firms put their shareholders first when making decisions even if it leaves employees susceptible to job cuts.
Published On 17 May 2023
From: Counting the Cost
Could AI disrupt economies or transform them?
From the future of humanity to the future of jobs, AI is raising questions about threats to life as we know it.
Video Duration 25 minutes 55 seconds
Published On 13 May 2023

While wholesale prices rose at modest levels, weekly unemployment claims hit a 1.5-year high, more than expected.

In addition to the news division, layoffs would take place in its business, content, tech and administrative teams.

Wednesday cuts have prompted expressions of frustration from employees who say it has ‘shattered’ morale.

The strong job numbers could lead the Fed to continue to raise interest rates.

The finance minister has put getting Britons back into work at the heart of his plan for economic growth.

US Fed chief says that while higher and faster rate hikes are possible, it hinges on upcoming jobs and inflation data.

Even as layoffs rose in January and job cuts were higher than initially thought in 2022, job market remains strong.

Stronger-than-expected economic data indicates Fed may need to do more large rate hikes to temper inflation, he said.

Labour market resilience & stubbornly high inflation have increased odds the Fed will continue to raise interest rates.

The reports are stoking concerns that the US Fed will continue raising interest rates to battle inflation.

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