Youth unemployment has gone off the charts.

While that's relatively low by historical standards, initial unemployment filings have been rising steadily recently after mostly remaining below 220,000 this year.

During the Great Depression in 1933, the U.S. unemployment rate reached 25 percent. (KC Law Ka-chung) China’s official unemployment figures are not consistent with this norm.

"Job creation is strong, and unemployment is barely budging from the lows," said Giuseppe Sette, the president of investment research firm Toggle AI.

Last month, the unemployment rate ticked up to 4 percent, up from 3.9 percent. This was higher than the market projection of 3.9 percent.

The long-term unemployment represented more than 20 percent of all jobless individuals.

ET on Feb. 8 on "The Greatest Theft of Taxpayer Dollars: Unchecked Unemployment Fraud," with testimony from U.S.

But if unemployment claims remain at or around 260,000, it could point to a notable cooling of the labor market.

In the absence of these measures, many businesses previously at risk will struggle to meet their financial obligations and will thus contribute to rising unemployment.

Meanwhile, Canada’s unemployment rate was 0.1 percent lower last month at 5.7 percent. The rise in unemployment comes the same week the Bank of Canada announced it would hold its benchmark interest rate at 5 percent for the fifth consecutive time.

Australia's unemployment rate remained steady at 3.7 percent in August on the back of more jobs added to the economy, according to the latest figures from the Australian Bureau of Statistics (ABS).

Imagine a labor force of 100 people wherein 10 are unemployed, giving an unemployment rate of 10 percent. If one of those unemployed persons leaves the labor force, the unemployment rate drops to 9.1 percent (with 9 divided by 99).

The unemployment rate dipped to 3.8 percent in March, down from 3.9 percent. The consensus estimate was 3.9 percent.

Over 300 residents converged at Sisters of St. Joseph of Orange in Orange, California on June 26 for an event awarding half a million dollars to a local nonprofit to help low-income youth gain access to job training services in Santa Ana. The funding, which was part of nearly $30 million in federal funds Rep. […]

The government expects an unemployment rate of 5.4 percent in 2023 and 5.2 percent in 2024, following 5.3 percent unemployment in 2022. By Maria Martinez

—A 26-year-old woman was sentenced Dec. 4 to more than three years in federal prison Dec. 4 for her part in a state unemployment fraud scheme during the COVID-19 pandemic.

On a year-over-over basis—from December 2022 to December 2023—19 states saw higher unemployment numbers while 15 states saw their unemployment rates decline. New Jersey saw the greatest rise in unemployment, 1.5 percent.

"We do think that the unemployment rate will gradually move higher, but the unemployment rate has, in recent months, continued to surprise," she told ABC News.

The unemployment rate was 5.7 percent in October. After the labour market experienced a strong bounce back from the pandemic, the unemployment rate has been on an upward trend since April as the Canadian economy shows clearer signs of weakness.

China has hit a record-high youth unemployment rate. A Chinese researcher warned in his recent analysis that the unemployment figure may surge further in the coming three years.

Striking workers will not get unemployment checks in California after Gov. Gavin Newsom—citing the state’s depleted unemployment fund—vetoed legislation Sept. 30 that would have allowed it.

US Real GDP and Unemployment Rate YoY(Courtesy of Law Ka-chung) The accompanying chart does this by plotting the U.S. real GDP YoY growth rate with the unemployment rate YoY change (just a simple difference).

The jump in unemployment comes as high interest rates weigh on the economy and strong population growth continues to add to the country’s labour supply. The unemployment rate was up one percentage point on a year-over-year basis.

The latest unemployment figures are very concerning, but what's even more worrying is when you analyze “shadow unemployment.”

The GAO estimates that "the amount of fraud in unemployment insurance (UI) programs during the COVID-19 pandemic was likely between $100 billion and $135 billion.

The unemployment rate for January to March 2023 increased by 0.1 percentage points on the quarter to 3.9 percent. The unemployment numbers are the highest since the three months to January 2022.

Artificial Intelligence (AI) is likely to destroy great swaths of white-collar jobs and create societal instability, said Sen. Marco Rubio (R-Fla.) after receiving a briefing on AI from intelligence officials. Mr. Rubio, who was present when the officials briefed senators on the dangers of AI earlier this week, said that American regulations would not prevent the mass […]

In 2020, Congress expanded unemployment insurance benefit amounts and duration and expanded eligibility to more workers in response to the economic fallout from the COVID-19 pandemic. Mr.

The unemployment rate remains steady at 4.3 percent. However, the number of Americans filing for unemployment benefits hit a four-month high for the week ending on May 30.

Efforts to Expand Unemployment Benefits If approved, Mr. Portantino’s bill would be the second in this session that seeks to expand who can receive unemployment payments in California.