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With no end in sight for the shutdown, thousands of federal workers file for unemployment

With no end in sight for the shutdown, thousands of federal workers file for unemployment

Finance
A few days ago, Will Kohler, a tax examiner for the IRS, filed for unemployment. He's been out of work for three weeks now due to the gridlock in Washington, D.C. "It seems like it's going to go on forever," Kohler, 55, said, from his house in Covington, Kentucky. "I need to eat." He has $ 500 left until his first unemployment check arrives. Tweet Some 800,000 federal workers across the country find themselves in financial uncertainty as the government shutdown drags into its third week. President Donald Trum...
UK unemployment edges higher

UK unemployment edges higher

Business
UK unemployment rose by 21,000 in the three months to September to 1.38 million, according to official Office for National Statistics (ONS) figures.The unemployment rate rose to 4.1% from 4.0%.Wages, excluding bonuses, grew by 3.2% in the same three-month period.ONS senior statistician Matt Hughes said: "The labour market is little changed on the previous three months, though still stronger than it was at this time last year.""With faster wage growth and more subdued inflation, real earnings have picked up noticeably in the last few months. However, real wage growth is below the level seen in 2015, and real wages have not yet returned to their 2008 levels," he added. "The recent uptick in British nationals in work and the decline in workers from the so-ca...
UK unemployment at lowest since 1975

UK unemployment at lowest since 1975

Business
UK unemployment fell by 65,000 to 1.36 million in three months to June - the lowest for more than 40 years, official figures from the Office for National Statistics (ONS) show.They also show a rise in productivity, but a slowdown in wage growth.Wages, excluding bonuses, grew by 2.7% in the three months to June, compared with a year ago. The ONS figures also showed the number of European Union nationals working in the UK fell by a record amount.The fall was the largest annual amount since records began in 1997. It UK unemployment at lowest since 1975 continues a trend seen since the 2016 Brexit vote.That contrasted with a rise in the number of non-EU nationals working in the UK to 1.27 million - 74,000 more than a year earlier.The CBI said the size of the ...
S. Korea unemployment surges to 17-year-high after minimum wage hike

S. Korea unemployment surges to 17-year-high after minimum wage hike

World
SEOUL, April 11 (UPI) -- South Korea's unemployment rate rose to a 17-year-high in March, after the country raised its minimum wage by the highest increase in 17 years in January.Statistics Korea on Wednesday announced the number of unemployed Koreans hit 1.25 million last month, recording a 4.5 percent unemployment rate, and marking the third straight month that the number of jobless people topped the one million mark.The situation was considerably worse for young people, aged between 15 and 29, with youth unemployment hitting 11.6 percent, a two-year high for that month.The number of employed people last month stood at 26.6 million, up 112,000 from a year earlier. It marked the second straight month of growth confined to the 100,000 range.Experts say the sluggish growth in jobs is likely...
UK unemployment drops to 1.49m

UK unemployment drops to 1.49m

Business
UK unemployment fell by 64,000 to 1.49 million in the three months to May, official figures show.It meant the unemployment rate fell by 0.2% to its lowest since 1975, at 4.5%, the Office for National Statistics (ONS) added.But wage increases continued to fall further behind inflation.Excluding bonuses, earnings rose by 2.0% year-on-year. However, inflation had hit an almost four-year high of 2.9% in May.When the impact of inflation is factored in, real weekly wages fell by 0.5% compared with a year earlier.Mark Carney: UK wage growth 'anaemic'UK workers 'frustrated by flatlining pay'UK inflation rate at near four-year high'Picture little changed'"Despite the strong jobs picture... there has been another real-terms fall in total earnings, with the growth in weekly wages low and inflation st...