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The Latest Breaking News from Unemployment

Weak hiring is hurting young workers more than AI, study says

A new Federal Reserve study reveals that a scarcity of job openings, not a lack of AI skills, is the primary driver of unemployment among young Americans. While AI does present a challenge for recent graduates, the broader economic slowdown and reduced hiring have a more significant impact. This research…

The Economic Times

Stock Index Futures Gain at Quarter-End, U.S. JOLTS Report and Nike Earnings on Tap

September S&P 500 E-Mini futures (ESU26) are up +0.10%, and September Nasdaq 100 E-Mini futures (NQU26) are up +0.16% this morning, putting the major indexes on track for their strongest quarterly gains in years.

Barchart

Four things to know about South Africa's anti-migrant protests

South Africa is gripped by anti-immigrant unrest as citizen groups demand undocumented foreigners leave, leading to at least four deaths and thousands fleeing. Minor political parties and vigilante groups, fueled by economic woes and unemployment, are behind the protests. Several African nations are now organizing voluntary repatriations amidst escalating tensions…

The Economic Times

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Blaming migrants ignores the real causes of South Africa’s economic crisis

South Africa is in the midst of its most significant anti-immigrant mobilisation in years.

The Conversation

What is behind South Africa's anti-immigrant protests?

South Africa faces escalating anti-immigrant sentiment, with protesters demanding undocumented foreigners leave. Despite claims of being overrun and contributing to crime and job losses, data suggests otherwise. Migrants constitute a small percentage of the population, and evidence indicates they are law-abiding and contribute to the economy. Underlying issues of poor…

The Economic Times

Gen Z graduates are blaming AI for their unemployment woes when they should be looking somewhere else

While AI companies sow anxiety around their technologies, there’s evidence elsewhere of different economic factors actually driving employment challenges.

Fortune

Did Kenya’s Gen Z protests achieve anything? An economist weighs up what’s changed and what’s stayed the same

Kenya’s Gen Z-led protests of 2024 drew global headlines. For weeks, young people mobilised against proposed tax increases, the rising cost of living, unemployment, corruption and what they saw as an unresponsive political class. But what began as opposition to the 2024 Finance Bill quickly evolved into a broader challenge…

The Conversation

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Keir Starmer’s economic legacy – in charts

PM said Labour had turned economy around – but his record on growth and unemployment appears mixed

The Guardian - UK

US weekly jobless claims fall amid low layoffs

Initial claims for state unemployment benefits dropped 4,000 to a seasonally adjusted 226,000 for the week ended June 13, the Labor Department said on Thursday. Economists polled by Reuters had forecast 225,000 claims for the latest week.

The Economic Times

U.S. filings for unemployment benefits fall to 226,000 last week as layoffs remain historically low

The number of Americans applying for jobless aid fell modestly last week as layoffs remained in the same historically low range of recent years

AAP

Shock fall in unemployment but it’s not all good news – here’s why

IN FULL

The Independent UK

Bank of England leaves interest rates on hold and lowers inflation forecast amid Middle East ‘uncertainty’ – as it happened

Rolling coverage of the latest economic and financial news, including the latest UK jobs report and the Bank of England’s interest rate decision

The Guardian - UK

UK vacancies fall to lowest for five years as wages grow faster than expected

Employers wary of hiring permanent staff but unemployment eased to 4.9% in the three months to April

The Guardian - UK

US tells states to deal with unemployment fraud or face penalties

The U.S. Department of Labor is telling states they have to combat fraud, waste and abuse in their unemployment insurance programs

AAP

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The Independent UK

Trump administration warns states it could withhold unemployment funding

IN FULL

The Independent UK

Trump threatens to pull unemployment benefits from all states for the first time in history

Labor chief is ‘putting governors on notice’ with administration’s crusade against alleged fraud

AAP

US tells states to deal with unemployment fraud - or face penalties

The U.S. Department of Labor is telling states they have to combat fraud, waste and abuse in their unemployment insurance programs

The Independent UK

US tells states to deal with unemployment fraud -- or face penalties

The U.S. Department of Labor is telling states they have to combat fraud, waste and abuse in their unemployment insurance programs

Get all your
news in one place.

100's of premium titles.
One news app.

The Guardian - AU

The bleak view that unemployment needs to rise shows the RBA acts firstly in the interests of companies, not workers

The Reserve Bank governor has made clear the cash rate has been increased not to reduce inflation but to make it harder to bargain for higher wages

The Guardian - US

Trump’s Department of Labor claims without data that states defrauded government

Acting secretary Keith Sonderling threatens to withhold administrative funds from states for first time in history

The Economic Times

RJD holds protests against Bihar govt's 'failed' policies, 'rising' crimes, inflation, unemployment

RJD workers demonstrated across Bihar on Wednesday. They protested against the NDA government's policies. Issues like deteriorating law and order, rising unemployment, and inflation were highlighted. Party activists demanded the Chief Minister's resignation. They also accused the government of corruption and alleged crimes against women were increasing.

International Business Times UK

US Unemployment: Hidden Crisis Deepens as 6.2m Workers Sidelined in Shadows

A hidden crisis reveals that 6.2 million Americans have been sidelined from the workforce, raising concerns about the true health of the labour market despite positive financial market trends.

The Guardian - AU

RBA interest rates: Reserve Bank holds official cash rate at 4.35%

Reserve Bank of Australia decision on Tuesday comes after three consecutive cash rate hikes this year

Pedestrian.tv

I Saw A Psychic As A Spiritual Sceptic Facing Unemployment & I Didn’t Expect This To Happen

What else do I have to lose?

The Economic Times

Cockroach Janta Party founder Abhijeet Dipke slapped during protest in Jaipur

In Jaipur, a vigorous protest ignited over the troubling issues of NEET paper leaks and rising unemployment. Among the chaos, Abhijeet Dipke, the leader of the Cockroach Janta Party, reportedly faced aggression from protestors while being paraded by his supporters. Law enforcement quickly stepped in, resulting in the detention of…

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