The Algorithm Age

As Australia’s economy faces fluctuating challenges, many Australians are suddenly finding themselves unemployed due to factors like redundancy, injury, or illness. For those in this difficult position, Centrelink offers financial assistance in the form of the JobSeeker Payment. For some, this payment could provide as much as $836.50 per fortnight, easing the financial strain during a challenging time. This assistance is particularly vital as individuals navigate the uncertainty of unemployment. Centrelink’s Hank Jongen stresses the importance of understanding the available support options and how eligible Australians can access these funds. While the transition into unemployment is never easy, knowing what resources are available can make all the difference. JobSeeker Payment: Who Qualifies and How Much is Available? The JobSeeker Payment provides a financial safety net for Australians who are actively seeking employment. To qualify for the payment, individuals must m...

The U.S. labor market is in a holding pattern with relatively low unemployment, but a slower pace of hiring has caused the share of long-term unemployed workers to stagnate amid economic uncertainty. The Labor Department's Bureau of Labor Statistics (BLS) tracks the number of individuals in the workforce considered long-term unemployed , which is defined as workers who have been unemployed for 27 weeks or more. In April, the percentage of long-term unemployed workers as a share of the total pool of unemployed workers rose to 23.5%, the highest level in three years, when the economy was rebounding from the COVID pandemic and in the midst of the highest inflation in decades. It dipped to 20.4% in May and has remained above 20% since April 2024. Allison Shrivastava, an economist with the Indeed Hiring Lab, told FOX Business that while economic data related to long-term unemployment can be "pretty noisy" on a month-to-month basis, she noted th...

The U.S. labor market is in a holding pattern with relatively low unemployment, but a slower pace of hiring has caused the share of long-term unemployed workers to stagnate amid economic uncertainty. The Labor Department's Bureau of Labor Statistics (BLS) tracks the number of individuals in the workforce considered long-term unemployed , which is defined as workers who have been unemployed for 27 weeks or more. In April, the percentage of long-term unemployed workers as a share of the total pool of unemployed workers rose to 23.5%, the highest level in three years, when the economy was rebounding from the COVID pandemic and in the midst of the highest inflation in decades. It dipped to 20.4% in May and has remained above 20% since April 2024. Allison Shrivastava, an economist with the Indeed Hiring Lab, told FOX Business that while economic data related to long-term unemployment can be "pretty noisy" on a month-to-month basis, she noted th...