France's Parliament has definitively adopted a law reducing unemployment benefit durations for individuals leaving jobs via 'rupture conventionnelle'. The maximum duration is cut to 15 months for those under 55 and 20.5 months for those 55 and over, aiming for €1 billion in annual savings.
France's Parliament has definitively adopted a law to shorten unemployment benefit durations for amicable contract terminations, aiming for €800 million in annual savings by 2029. The measure, supported by the right and center-right, reduces maximum compensation periods, particularly for those under 55.
France's parliament has definitively adopted a law reducing unemployment benefit duration for amicable job terminations. The measure, supported by right, center, and far-right parties, aims for significant savings in the unemployment insurance system and anticipates 15,000 additional returns to employment.
US jobless claims dropped to 209,000 for the week ending May 16, fewer than expected. Despite low layoffs, the labor market is in a "low-hire, low-fire" state. The Iran war and Strait of Hormuz closure add economic uncertainty and have driven up oil and gas prices.
Unemployment remained steady at 4.3% as the US-Israel war on Iran continues to rattle the American economyUS employers added 115,000 jobs in April and the unemployment rate remained steady at 4.3%, a surprisingly robust gain to the labor market as the US-Israel war with Iran continued to drive up economic uncertainty.Economists projected about 55,000 new jobs and a 4.3% unemployment rate. A day earlier, the labor department announced 200,000 people filed for weekly unemployment benefits, a slight increase from the week before. Continue reading...
