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The Latest Breaking News from Unemployment

Gen Z are increasingly becoming NEETs by choice—not in employment, education, or training

Gen Z are ditching the rate race and opting to become NEETs—not in employment, education, or training—creating record levels of youth unemployment around the world.

Fortune

US Unemployment Claims Fall, Economy Remains Resilient

Latest data from the Labor Department shows resilience in the U.S. labor market with a slight decrease in jobless claims and ongoing job security.

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Unemployment has dipped, but don’t be fooled – the jobs market is weakening

For some time now – gradually, but nevertheless relentlessly – the Australian labour market has been weakening.

The Conversation

Australia’s unemployment rate dips to 4% as economy adds 40,000 new jobs

Jobless rate eases as employers shrug off rising costs to keep adding to their workforces

The Guardian - AU

Obsessing over the inflation rate misses one key point: the economy is more than just how fast prices are rising

Those who salivate over other nations’ interest rates with barely any care for people losing their jobs really need to think about their priorities

The Guardian - AU

UK unemployment is up, but wage rises make early interest rate cut less likely

Bank of England will want to delay rate reduction until level of pay increases eases

The Guardian - UK

FTSE 100 Live 11 June: Index closes down 1% amid surprise unemployment rise, high wage growth

The US interest rate outlook is today’s major focus amid a stronger session for European markets.

Evening Standard

Strong wage growth will further delay cut in UK interest rates, City believes

First cuts not expected until late summer or early autumn despite evidence jobs market is cooling

The Guardian - UK

Pre-election UK interest rate cut unlikely despite cooling jobs market and rising mortgage arrears; Moody’s warns France over snap election – as it happened

Latest UK labour market report shows signs of cooling, as jobless rate hits highest since 2021

The Guardian - UK

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The Conversation

Do unemployment benefits stifle entrepreneurship? It’s complicated

Unemployment in the UK rose to 4.4% at the end of April 2024. While this is by no means a worrying level of joblessness for an economy, it is the highest since September 2021, in the second year of the COVID pandemic, when it reached 4.4%.

The Guardian - UK

UK unemployment rising at fastest pace of OECD countries, analysis shows

TUC says only Costa Rica had similar increase in first quarter as ONS data expected to show further rise in April

The Street

Why the housing market is in a “funky cycle,” according to Liz Ann Sonders

Charles Schwab’s Chief Investment Strategist spoke with TheStreet about the health of the market.

Al Jazeera

India’s Modi urged to set ‘ambitious’ economic agenda after poll humbling

Unemployment and inflation among the biggest challenges facing Modi’s reduced coalition, analysts say.

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Newslaundry

Modi 3.0 brings coalition concerns, and a paradox for pink papers

“India Inc wants new govt to create jobs, control inflation.”

Latin Times

Latino unemployment rate climbs back to 5 percent in blowout jobs report for May

The employed population remained largely unchanged. Overall, nonfarm payrolls increased by 272,000 last month

Fortune

The jobs report will ‘lead to continued controversy,’ leaving Jerome Powell in wait-and-see mode and dashing investor hopes for imminent rate cuts

ZipRecruiter’s chief economist says the latest jobs report “delivers a kind of hazy, mixed picture” that will leave the Fed—and investors—guessing.

Kiplinger

May's Jobs Growth Blows Past Forecasts: What the Experts Are Saying

A blowout jobs report and a bit of wage inflation means a Fed pivot towards easing will have to wait.

The Guardian - AU

Stagflation: is Australia heading back to the 1970s? Our economics and business writers go head to head

The economy has stalled and inflation remains high. Should we be worried? Guardian Australia’s experts have very different views

International Business Times

US Economy Adds More Jobs Than Projected As Unemployment Rate Hits 4%

The U.S. economy added more jobs than projected in May, but the unemployment rate topped 4% for the first time in nearly 18 months.

International Business Times

US Hiring Surges Past Expectations As Job Market Still Strong

US job growth blew past estimates in May while unemployment also edged up, according to government data released Friday, underscoring the labor market's resilience as policymakers seek to cool the economy gradually.

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