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The Latest Breaking News from Unemployment

UK employers cut job vacancies as Burnham aims to lift living standards

Unemployment holds steady at 4.9%, underlining the challenge facing the new prime minister

The Guardian - UK

Welcome to the age of extreme job anxiety

Young, old, midlife – whatever your age, gender or sector, the unemployment crisis is hitting us all. The only way through it is together

The Guardian - UK

Jobs data tops economic agenda as Iran war re-escalates

Resilient jobs data is a bright spot for Australia's economy but the longer the Middle East conflict drags on, the worse the prospect for growth and inflation.

AAP

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Boom at the front, bust at home: Russia’s war economy is holding but its people are cracking

By 2024, Russia appeared to have defied expectations. Despite unprecedented Western sanctions, the economy grew by 4.9%, unemployment fell to record lows, and factories linked to the defence sector ran around the clock. President Vladimir Putin pointed to these figures as proof that Russia had adapted to wartime conditions.

The Times of India

Canada raises wage threshold for Temporary Foreign Worker Program

Canada has raised wage thresholds for its Temporary Foreign Worker Program. New minimum hourly pay requirements will take effect on July seventeenth, 2026. Employers in high-unemployment regions face new hiring restrictions for lower-paying jobs. These changes aim to tighten rules governing temporary foreign workers across Canada. The program's wage requirements…

The Economic Times

Gold set for biggest weekly fall in six as Iran war fans inflation worries

Gold prices saw a rebound on Friday, yet are set for a significant weekly loss. Renewed clashes between the United States and Iran have lifted oil prices considerably. This escalation has stoked inflation concerns and strengthened expectations for higher interest rates. Fed officials are signaling openness to rate hikes amid…

The Economic Times

Women Say They're Feeling Poorer Under Trump: New Poll Reveals Cost of Living Crisis Is Hitting Hard

A new NWLC poll finds 42% of US adults feel worse off under Trump, with 74% of women worried about gas and groceries as real pay remains flat.

International Business Times UK

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China's Economy Just Posted Its Slowest Growth Since 2022. Experts Say Beijing May Need a Stimulus Push

According to data released Wednesday by China's National Bureau of Statistics, gross domestic product expanded 4.3% between April and June compared with a year earlier.

International Business Times

NY Fed's John Williams: "Unquestionably too-high" inflation may soon subside

John Williams, the president of the New York Fed, asserts that inflation is likely at its peak and should soon begin to taper off. He projects that by the end of the year, overall inflation will settle at 3.25%. Furthermore, he expects the unemployment rate to drop to 4% by…

The Economic Times

Black women’s unemployment rate fell. That’s not the good news you think it is

A lower unemployment rate is only worth celebrating if more people are actually working. Right now, most are disappearing from the data.

Fortune

US job cuts: Moody's chief economist Mark Zandi sees 'big warning' signs in June data. Here's why he's worried about the labour market

Economists question the strength of the June US jobs report. Mark Zandi notes falling labor force participation drove the unemployment rate down. Household survey data shows a continued decline in employed individuals. An adjusted unemployment rate now exceeds five percent according to Zandi. Other economists also express concerns about the…

The Economic Times

Mark Zandi Says June Jobs Report Was Weaker Than It Looked as Labor Force Participation Fell

Economist Mark Zandi argued that the June employment report painted an overly optimistic picture of the U.S. labor market, saying several underlying indicators point to a much weaker economy than the headline figures suggest.

Benzinga

Trump's economic war on Black America

The president says he loves “my African Americans." His policies tell a different story

Salon

44 Swedish towns got train stations in the 1990s, and a 20-year study says the population rose about 20% while incomes barely changed

New train stations in Swedish towns increased population by over eighteen percent. Working populations grew significantly, and total earnings also rose. However, average resident incomes did not show a notable increase. Educational attainment improved, while unemployment rates also saw a rise. These stations primarily influenced where people chose to live.

The Times of India

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The Economic Times

OECD faces $500 billion productivity hit by 2040 as ageism keeps older workers sidelined: WEF

Ageism may cost OECD economies nearly $500 billion in productivity losses by 2040. Older workers face longer unemployment spells and structural barriers pushing them out. Demographic shifts show a significant increase in the global elderly population. Multigenerational teams can boost creativity and innovation while sharing skills. Tackling ageism offers economic…

International Business Times UK

'Trump's Tariffs and Federal Purge': The Hidden Economic Toll Tapering American Hiring Revealed

US jobless claims dipped to 215,000 as layoffs stay low, but hiring is slowing under Donald Trump's tariffs, federal purge and high interest rates, raising questions about the recovery's strength.

Benzinga

Could AI Pay Americans $1 Million Each? New Think Tank Forecast Sparks Jim Chanos' SpaceX Jab: 'Seems Reasonable'

The AI Futures Project, a non-profit initiative that forecasts the future of artificial intelligence, recently outlined a proposal for a citizen’s dividend by the U.S. government following AI-induced unemployment.

The Independent UK

US jobless claims dip modestly to 215,000 last week as layoffs remain at historically healthy levels

The number of Americans filing for unemployment benefits dipped slightly last week as layoffs in the U.S. remain historically low

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Newcastle Herald

Hunter's real jobs crisis isn't a skills shortage, new research finds

Low unemployment and record job vacancies are masking a deeper problem in the Hunter's workforce.

International Business Times UK

Sinking to 61.5%: The Alarming Economic Low Threatening to Tank Trump's Second-Term Legacy

The US labour market faces scrutiny as participation rates hit a four-year low, raising concerns about economic momentum and President Trump's economic policies amid a disappointing June jobs report.

The Economic Times

China's booming gig economy masks job market pain, strains welfare system

His story is increasingly common in China, where tens of millions are shifting from formal employment into the gig economy as meagre unemployment insurance, record numbers of graduates and a shortage of jobs squeeze opportunities.

The Canberra Times

Contractor rates in Canberra market soars amid staffing redistribution

New report shows a surprise twist in federal hiring trends.

Radio France Internationale

From memes to political movement, India's 'Cockroach' party leads youth revolt

India's Cockroach Janata Party began life as a series of internet memes and has grown into a real-life movement, bringing together young people angry about unemployment and alleged exam fraud. What began five weeks ago as a satirical response to comments by India's chief justice has become a fast-growing campaign…

The National (Scotland)

New SNP MP urges Andy Burnham to scrap 'hammer blow' NI hike

Prospective prime minister Andy Burnham should scrap the Labour Party’s “short-sighted” national insurance tax hike, a new SNP MP has said

Evening Standard

Andy Burnham should scrap ‘short-sighted’ NI tax hike – new SNP MP

Lara Bird said the policy was ‘choking-off’ economic growth in Scotland.

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