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The Latest Breaking News from Unemployment

‘So the actual rate is higher?’: JD Vance says unemployment statistics undercount joblessness and accidentally proves the problem is worse

On December 16 in Pennsylvania, Vice President JD Vance tried to spin rising unemployment as a sign of economic strength. But unknowingly, he walked straight into an argument that admits joblessness may be worse than the headline number suggests.

The Mary Sue

Inside the Lives of China's 'Rat People' — What Is It All About?

China's Gen Z are rejecting burnout culture, embracing the 'rat people' identity as unemployment, exhaustion, and reshape attitudes to work.

International Business Times UK

Sneaking unemployment rate means the U.S. economy is inching closer to a key recession indicator, says Moody’s

“The trends are not our friends here,” said Moody’s economist Cris deRitis.

Fortune

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As graduates face a ‘jobpocalypse,’ Goldman Sachs exec tells Gen Z they need to know their commercial impact

With graduate unemployment at decade highs, Wall Street execs say Gen Zers need to know what they bring to the table—literally.

Fortune

BoE delivers Christmas rate cut after cooler-than-expected inflation

Fresh data this week shows UK inflation fell more than expected in November, shifting the central bank’s focus to rising unemployment and lacklustre growth.

Euronews

Newsom slams Trump’s ‘bull****’ presidential plaque trolling amid unemployment and affordability woes

Gavin Newsom used images from a recent Vanity Fair article, which has caused chaos for Trump’s MAGA base

The Independent UK

Holiday Sales Face Test as Unemployment Reaches 4.6%, Part-Time Work Surges

US unemployment is higher and more workers are on shorter hours as holiday spending shifts online, while luxury brands face falling sales and a slow recovery.

International Business Times UK

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US Unemployment Hits 4.6%: 7.8M Americans Jobless in 4-Year High

Unemployment reached 4.6%, a four-year high, amid 271,000 federal job losses and 909,000 trapped in part-time work. Black workers hit hardest at 8.3%.

International Business Times UK

Stocks Chop as the Unemployment Rate Jumps: Stock Market Today

November job growth was stronger than expected, but sharp losses in October and a rising unemployment rate are worrying market participants.

Kiplinger

The labor market's holiday present for America: the highest unemployment in 4 years. It might be 'noisy' but the jobs just aren't there

The November jobs report showed unemployment rose to a four-year-high.

Fortune

FTSE 100 dips as BP and Shell fall amid oil slide

Figures from the ONS showed the unemployment rate rose to 5.1% in the three months to October, up from 5% in the three months to September.

Evening Standard

US Unemployment Jumps to 4.6% — Worst Surprise in Months

US unemployment unexpectedly rises to 4.6%, the highest in four years, as job growth slows and labour market pressures intensify in the latest US jobs report.

International Business Times UK

New jobs report shows over 100k jobs lost in October primarily due to federal layoffs

The jobs report was published late due to a 43-day federal government shutdown

The Independent UK

Unemployment hits 4-year high as frozen jobs data shows recession risks getting 'uncomfortably high,' top economist Mark Zandi says

Payroll growth for November came in at a modest 64,000. “There’s just no forward motion,” Moody’s chief economist told Fortune.

Fortune

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Kiplinger

The Delayed November Jobs Report Is Out. Here's What It Means for the Fed and Rate Cuts

The November jobs report came in higher than expected, although it still shows plenty of signs of weakness in the labor market.

International Business Times

Jobs Report Released: US Unemployment Continues to Climb Despite Promising Payroll Boost

U.S. employers added a modest number of jobs in November, but the unemployment rate climbed to its highest level in more than four years, signaling a labor market that continues to cool despite pockets of hiring.

The Guardian - US

US lost 105,000 jobs in October and added 64,000 in November, according to delayed data

Data shows the headline unemployment rate continued to climb and hit 4.6%, a four-year high, last month

The Conversation

With UK unemployment rising, will the government’s plan for young people pay off? An economist’s view

There are nearly one million young people in the UK who are not in employment, education or training (so-called Neets). After falling in number during the 2010s before the pandemic, this cohort of 16 to 24-year-olds has grown from 750,000 only six years ago. This is a worrying shift, for…

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Barchart

Stock Index Futures Muted in Run-Up to Key U.S. Jobs Data

December S&P 500 E-Mini futures (ESZ25) are down -0.06%, and December Nasdaq 100 E-Mini futures (NQZ25) are down -0.14% this morning as investors exercise caution ahead of the release of the key U.S. jobs report, which will offer clues on the Federal Reserve’s policy path next year.

The Guardian - UK

Young people hit hard as UK unemployment marches upwards

Jobs market slowdown likely to become policy focus and will also have impact on interest rates decision

Evening Standard

London unemployment rises to 6.8%, highest in a decade outside the pandemic

Bank of England seen as almost certain to cut interest rates on Thursday as labour market cools

The Guardian - UK

UK unemployment rose to four-year high of 5.1% before budget

October figure from ONS suggests employers laid off workers, as earnings growth excluding bonuses fell

The Independent UK

Starmer orders foreign interference review after ex-Reform leader in Wales jailed for pro-Russia bribes - latest

Housing secretary Steve Reed called Gill’s conduct ‘a stain on our democracy’

The Independent UK

Unemployment rate rises to 5.1% to hit 10-year high outside of Covid

Office for National Statistics says rate of unemployment is at its highest since early 2021

Evening Standard

Jobless rate rises to 5.1% as wage growth slips back further

The Office for National Statistics said the rate of unemployment rose to 5.1% in the three months to October – the highest since early 2021.

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