The data for last week indicates a four-month low, suggesting that the US labour market remained fairly healthy
unemployment
Latest in unemployment
job market
US jobless claims fall to 4-month low, indicating strong job growth amid rate cuts
The latest unemployment data also offers confirmation that the US economy continued to expand in the third quarter
consumer confidence
US consumer confidence inches up in August in yet another data favouring an immediate rate cut
The Conference Board’s consumer confidence index increased to 103.3 this month, the highest level since February, from an upwardly revised 101.9 in July
unemployment
US retail sales perk up in July; unemployment claims fall further by 7,000 last week
The latest set of positive economic data further eased recessionary fears in the world’s largest economy
inflation
Fed officials confident inflation is cooling enough for interest rate cuts
Experts believe inflation is headed to the Fed’s 2% goal in light of recent “encouraging” data
unemployment
US weekly jobless claims decline, lower fears of labour market cooling
The development was a welcome reversal after last week’s surprise sharp jump in jobless claims
saudi jobs
Saudi unemployment falls to 7.6%
Saudi employment data shows overall stability in jobs market
saudi jobs
Saudi unemployment rate drops to 8.6% as more women join workforce
Women now represent more than 34 per cent of the workforce in Saudi Arabia
Ministry of Human Resources and Emiratisation (MoHRE)
UAE to begin fines and work bans for uninsured workers, 14% still not signed up
UAE to fine employees who are still not signed up for mandatory Unemployment Insurance scheme
Employment
Saudi unemployment rate falls to 4.9%
Saudi unemployment rate reduced, according to official government statistics
Ministry of Human Resources and Emiratisation (MoHRE)
UAE unemployment insurance scheme registers 5.7m employees, fines begin October 1
Mandatory unemployment insurance scheme in the UAE registers more than 5.7m employees
Ministry of Human Resources and Emiratisation (MoHRE)
UAE issues insurance warning for all employees before October 1 fine deadline
UAE workers must sign up for mandatory insurance before October 1 or face fines
inflation
Federal Reserve expected to pause on rate hike as US consumer inflation eases further
Last month, the Consumer Price Index saw a modest increase of 0.1 percent, primarily due to a decline in gasoline prices
Employment
Global unemployment expected to fall below pre-pandemic levels in 2023: ILO
Soaring debt levels compounded by high inflation and rising interest rates, however, have dashed job-seekers’ hopes in developing countries
Abu Dhabi
UAE unemployment insurance: Sign up via website, exchange centres, kiosks
Here are the different ways you can subscribe to the UAE unemployment insurance scheme before June 1
GenZ
Gen Zs concerned with high cost of living; nearly 50% millennial have side jobs: Report
While 49 per cent of Gen Zs and 62 per cent of millennials said work is central to their identity, work-life balance is something they are striving for, the survey said
Ministry of Human Resources and Emiratisation
UAE unemployment insurance: How freezone workers can apply
Here is how to apply for the job loss insurance scheme for freezone employees