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The Latest Breaking News from Unemployment

Rate cut hopes evaporate with healthy jobs figures

Shares have plunged and the Aussie dollar has soared after surprisingly robust jobs figures showed the economy is running near capacity.

AAP

10 Toughest States To Live in Where Paychecks Don’t Cover Everyday Costs

Struggling to make ends meet? These 10 states are where paychecks fall short of covering basic living costs—see if yours made the list.

GOBankingRates

December Rate Cut Looms as Jobless Rate Returns to COVID 19 Level

The UK's rising unemployment rate and stubborn inflation suggest the Bank of England may cut interest rates in December, amid economic uncertainty.

International Business Times UK

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UK Health Secretary Wes Streeting denies plotting to oust embattled PM Keir Starmer

Since taking office, Starmer has struggled to deliver his flagship promise of economic growth, with figures released on Tuesday showing that unemployment had risen from 4.8% to 5%.

Euronews

The Standard podcast: London’s unemployment rate hits 11-year-high ahead of Autumn Budget

Listen here on your chosen podcast platform.

Evening Standard

Wednesday briefing: Why young people are bearing the brunt of the unemployment crisis

In today’s newsletter: Almost 1.8 million people in the UK class themselves as unemployed, and it’s the youth who are driving it. What can be done to help, and will things get better (or worse)?

The Guardian - UK

Job Market Pessimism Among Americans Hovers At Record Highs: 'Fears of Unemployment Have Never Been This Elevated'

Job market pessimism among Americans has reached alarming levels, with a dramatic surge in fears about unemployment and job security in recent weeks.

Benzinga

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Feel like you can’t get a job? You’re not alone — but here’s how to work around it

You did everything they told you to do. You earned the credentials, spent hours on your resume and revised multiple cover letters. You worked side gigs, volunteered, learned new software and perfected your LinkedIn profile. Yet, you can’t get a callback for an interview.

The Conversation

I Asked ChatGPT What Would Happen If the Government Shutdown Lasted Until 2026: Here’s What It Said

A long federal shutdown could impact everything from GDP and stocks to unemployment and consumer spending. See ChatGPT’s projections and expert warnings.

GOBankingRates

Welcome to the era of 'low-hire, more-fire,' warns top economist—the days of talent hoarding are over

"As the focus among businesses now turns to efficiencies and increasing productivity, we expect layoffs to increase, causing unemployment to rise."

Fortune

Rising unemployment could affect budget, interest rates, pay and more

Rachel Reeves will need to avoid depressing economy and hitting jobs while raising billions in extra tax

The Guardian - UK

Unemployment rate hits highest outside Covid years for almost a decade

Experts said the weaker-than-expected figures reinforce the case for the Bank of England to cut interest rates next month.

Evening Standard

Jobless rate hits highest since Covid in blow to Reeves before Budget

The ONS said the unemployment rate rose to 5% in the three months to September

The Independent UK

Jobless rate hits highest since early 2021 amid ‘weakening’ labour market

The ONS said the unemployment rate rose to 5% in the three months to September, up from 4.8% in the three months to August.

Evening Standard

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Evening Standard

London unemployment hits 11-year high as Reeves National Insurance rise batters pubs, shops and hotels

Grim jobless figures make a December interest rate cut from the Bank of England a near certainty

The Guardian - UK

Tech shares slide after SoftBank sells Nvidia stake; UK interest rate cut expected in December – as it happened

Rolling coverage of the latest economic and financial news

Evening Standard

FTSE 100 Live 11 November: Blue-chip record run continues, Vodafone dividend cheer

Weaker-than-expected labour market figures today boosted the chances of a December interest rate cut.

The Guardian - UK

UK unemployment rises to 5%, the highest level in four years

ONS says jobs market worsening before budget, as HMRC reports falling number of workers on firms’ payrolls

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Fortune

'Yikes': Top investment bank looks under the hood of the economy and finds 'the labor market doesn't look that good'

We've heard the labor market is in a "low-hire, low-fire" kind of environment. The "low hire" part seems to be true, the other not so much.

Bored Panda

Woman Realizes She Doesn’t Need A Jobless Partner Who Costs More Than He Brings In, Kicks Him To The Curb

She was supportive when he first lost his job but it's been months now. Not only is he not contributing financially, or helping out around the house, but he's also turned down three job offers because they weren't quite to his liking. Meanwhile, she's footing the bill for his voluntary…

The Guardian - UK

Review to look at role of mental health issues in UK youth unemployment

Former health secretary Alan Milburn’s review is exploring reasons for rising inactivity among young people

AAP

Economy heads for first major test since RBA rate hold

Australia's volatile unemployment rate is expected to tick back down to 4.4 per cent, which would add little urgency for the Reserve Bank to cut interest rates.

The Guardian - UK

‘A job is like finding a needle in a haystack’: how Dudley became centre of UK’s youth jobs crisis

Almost one in five school-leavers in West Midlands town are not in education, employment or training and chancellor is under pressure to deliver promised ‘youth guarantee’

The Independent UK

'No hire' job market leaves unemployed in limbo as threats to economy multiply

The unemployment rate is low and the economy is still growing, but those out of work face the slowest pace of hiring in more than a decade

The Guardian - AU

The RBA predicts inflation will rise faster than wages. Let’s hope it’s wrong

If the Reserve Bank is right, then by the end of 2027 the average wage will only have the same purchasing power as it did at the end of 2011

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