U.S. Treasury yields, including the 10-year note, advanced significantly as Brent crude surpassed $100/barrel due to Middle East tensions, fueling inflation fears. This, coupled with weekly jobless claims falling below 200,000, increased expectations for a Federal Reserve interest rate hike.
U.S. Treasury yields advanced on Thursday, with the 10-year note reaching 4.707%, driven by Brent crude oil climbing above $100 a barrel due to Middle East tensions and weekly jobless claims falling below 200,000, signaling inflation fears and a potentially heating economy.
Thousands of students and youth, led by the Cockroach Janta Party (CJP), protested in New Delhi against alleged corruption in national exams and widespread joblessness. Police used batons and tear gas to disperse demonstrators at Jantar Mantar, demanding accountability and the resignation of the Education Minister.
Spanish unemployment dropped by 28,739 in June, reaching 2,291,982, the lowest figure since January 2008. Services led the decline, driven by tourism, while youth and female unemployment also hit record lows. Social security registrations also reached an all-time high.
US initial jobless claims fell to 226,000 for the week ending June 13, indicating a strong labor market. This resilience pushes back expectations for Federal Reserve rate cuts, causing Bitcoin to slide below $64,000 as it's sensitive to liquidity and interest rate expectations.
A jobless man, Ng Ka-sing, is on trial for murdering his girlfriend, Yip Tsz-ching, in Hong Kong four years ago. He claims he accidentally beat her to death while trying to keep her awake for weight loss, a plea of manslaughter prosecutors rejected. He is also charged with illegal body disposal.
미국 노동부는 5월 31일~6월 6일 신규 실업수당 청구 건수가 22만9천건으로 전주 대비 4천건 증가했다고 발표했다. 이는 4개월 만에 최고치이며 전문가 전망치를 웃돌았다. 다만, 여름철 진입에 따른 일시적 변동성으로 해석된다.
US unemployment benefit applications reached a four-month high of 225,000 last week, signaling economic uncertainty exacerbated by the Iran conflict and rising inflation, despite historically low overall layoffs.
Saudi Arabia's Tadawul index closed down 0.11% at 10990 points. OPEC forecasts strong oil demand growth of 1.2 million bpd this year, despite Middle East conflicts. US jobless claims rose unexpectedly but the labor market remains resilient.
European stock markets showed mixed performance following US jobless claims data and Wall Street's opening. Paris led gains, while Milan fluctuated. Oil prices dropped, and the euro strengthened against the dollar.
US jobless claims unexpectedly rose last week, but overall indicators suggest a resilient labor market. Tech layoffs continue, influenced by AI, while geopolitical tensions in the Middle East and supply chain disruptions add economic uncertainty. Europe's reliance on Russian energy is highlighted amidst sanctions.
OPEC anticipates robust oil demand growth of 1.2 million bpd this year, unaffected by Middle East conflicts. Meanwhile, US jobless claims exceeded expectations, though the labor market remains resilient. Russia seeks to leverage the energy crisis to regain its role as a key European supplier.
Noida-based ThynkTech India OPC Pvt Ltd abruptly closed its Pune office, leaving over 500 engineers jobless. Employees allege the company collected a ₹15,000 laptop deposit and withheld salaries for two months. CEO Harshal Thakre has been detained as police investigate a financial loss of ₹11.25 lakh.
Spain's labor market saw significant improvement in May, with unemployment falling to its lowest May level since 2007 and Social Security membership reaching record highs. Job growth was broad-based across sectors, notably in hospitality and administrative services.
Two letters discuss the failings of the UK education system in preparing young people for employment and the challenges of youth unemployment, contrasting current difficulties with easier job prospects in the past.
Joseph Rowntree Foundation research suggests tackling joblessness root causes, not cutting benefits, is the best way to reduce the welfare bill. Polling shows voters support this longer-term approach.
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.
A satirical online party, Cockroach Janta (CJP), uses the insect as a symbol of endurance for frustrated Indian youth. Gaining millions of followers rapidly, it mocks corruption and joblessness, sparked by a chief justice's remarks comparing unemployed youth to cockroaches.
A satirical online party, the Cockroach Janta Party (CJP), has rapidly gained over 15 million followers on Instagram in India by using absurdist humor and a cockroach symbol to voice youth frustration over corruption and joblessness.
A 15-year-old Chinese girl who has been suffering from a severe blood disorder most of her life is slowly recovering after receiving a transplant from her newborn brother. Xiaoyan from southern China’s Guangdong province is now only 140cm tall, and weighs just 25kg. She was diagnosed with thalassemia, an inherited blood disorder, at three months old. Her father, a construction worker, and her jobless mother did not arrange standard treatment for her except for regular blood transfusions. It was...
A Hong Kong appellate court has quashed the murder conviction of a jobless man who allegedly beat his girlfriend to death and hid her body under a mattress seven years ago, ruling that the trial judge had not properly directed the jury to fully consider the alleged perpetrator’s violent personality traits. The Court of Appeal on Thursday ruled in favour of Law Wai-man, who was found guilty of murdering his girlfriend Lau Lee-chi in 2019, overturning his conviction and ordering a retrial. Law,...
A 26-year-old Indian youth Chandu Iraganaboyina from Kurnool, Andhra Pradesh, died by suicide in his Chicago apartment on Thursday, apparently over joblessness and financial stress. The DePaul University graduate, who completed his master's degree in March last year, had been unemployed after his tech contract ended. Friends described him as introverted. TANA volunteers and NRI TDP are coordinating with authorities to repatriate his body to India.
US jobless claims fell below 200,000 last week despite ongoing economic challenges including the war in Iran and elevated oil prices. Consumer prices posted a substantial monthly increase, while the Federal Reserve maintained its benchmark interest rate amid economic uncertainty. Employers added jobs in March, though the labor market shows signs of strain.
Beijing has pledged to expand vocational training for young jobseekers this year, as it looks to help millions of unemployed graduates find work in emerging industries such as robotics and AI. But the policy drive – which includes plans to encourage university graduates to return to technical school – has drawn mixed reactions from a generation already hit hard by China’s youth unemployment crunch. The Ministry of Human Resources and Social Security vowed on Tuesday to upskill 1 million young...
