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The Latest Breaking News from Unemployment

FTSE 100 nudges higher but weak data dents pound

The UK unemployment rate unexpectedly rose in the three months to August, numbers showed.

Evening Standard

Young people around the world are leading protests against their governments

The spate of public demonstrations against unemployment, corruption and low quality of life around the world is striking because of who is leading them. Young people have used social media platforms such as Facebook, TikTok, Instagram and YouTube to spread information and arrange their demonstrations.

The Conversation

Unemployment rises to more than 1.7million as Budget jobs fall out gathers pace

Hard hit hospitality sector sees 59,000 jobs lost in past year according to ONS data

Evening Standard

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UK labour market shows signs of stabilising after job losses

Unemployment rate rises slightly to 4.8% but ONS says falls in payroll numbers and vacancies are levelling off

The Guardian - UK

FTSE 100 Live 14 October: Jobless rate rises, easyJet leads index as builders rally

Unemployment has risen to its highest level since the pandemic with more than 1.7 million people looking for work.

Evening Standard

See Why the Godfather of AI Says It Will Make ‘Most People Poorer’

Nobel laureate Geoffrey Hinton warns AI will create massive unemployment and make most people poorer while boosting profits for the wealthy few.

GOBankingRates

US Growth Hides Trouble Beneath — Economist Warns Low-Income Americans Are 'Hanging On By Fingertips'

Even with the U.S. economy growing by 3.8% last quarter, and unemployment holding at 4.3%, Moody's (NYSE:MCO) Analytics said that roughly half of all U.S. states are actually seeing their economies shrink.

Benzinga

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Dimon's Dread: JPMorgan Boss Warns of 2026 Recession Despite GDP Surge

JPMorgan CEO Jamie Dimon warns of a possible 2026 recession, challenging Wall Street's optimism despite strong US GDP growth and low unemployment. His remarks spotlight inflation, geopolitics, and fiscal instability as potential triggers.

International Business Times UK

Weekly Unemployment Insurance Benefit Payment: New York's Aid Jumps by 72%, Federal Closure Leaves 115K Employees Unsupported

New York's maximum unemployment benefit jumps to $869 after the state paid off its $7 billion debt, providing relief amid the federal shutdown.

International Business Times UK

Shutdown Blurs Jobs Data—But These Reports Back Other Fed Cuts

With the U.S. government shutdown still clouding official labor statistics, alternative data from private firms and banks is sending a clear message: the labor market is cooling, and markets are betting big that the Federal Reserve will respond with another rate cut at its Oct. 30 meeting.

Benzinga

Trump's Tariffs And 'Dumb Policies' Are Hurting Business Demand, Says Anthony Scaramucci: Consumers Are 'Sheltering In Place'

Former White House Communications Director Anthony Scaramucci criticized President Donald Trump’s trade and tariff policies, blaming them for rising inflation, along with the slowdown in business and consumer demand.

Benzinga

Will Rachael Reeves’ youth unemployment scheme force her to bend her own rules?

UK chancellor Rachel Reeves has set out a “youth guarantee” aimed at ending long-term unemployment among young people. Under the plan, a young person who has been out of work for 18 months would be offered a temporary job, apprenticeship or college place.

The Conversation

The worrying kink in this job openings, unemployment curve

The Fed's rate-cutting is a matter of risk management.

Axios

Could A Sudden Job Loss Bankrupt You Overnight?

Imagine waking up on a random Tuesday morning, coffee in hand, ready to conquer your day—only to find an email from HR saying, “We regret to inform you…” Suddenly, that steady paycheck you’ve built your life around disappears faster than you can say “direct deposit.” Panic sets in. The rent’s…

Everybody Loves Your Money

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GOBankingRates

10 Happiest States in America — and How Much Money Factors

An incredible amount of happiness is tied to economic security, according to a recent study.

AAP

Consumer confidence survey to signpost spending outlook

Australian households have been steadily gaining in confidence and fresh sentiment surveys could signal further growth in spending.

Barchart

Nasdaq Futures Gain on AI Optimism

December Nasdaq 100 E-Mini futures (NQZ25) are trending up +0.31% this morning as another round of major AI deals and partnerships boosted sentiment.

Fortune

UK chancellor pledges 'youth guarantee' for Gen Zers 18 months out of work: a job, a trade, or college placement

The Labour Party looks to wrangle in high youth unemployment after a historic low in 2022.

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Benzinga

BLS Data Halts, But Chicago Fed Sees Steady 4.34% Unemployment: Private Sources Flag 'Low Fire, Low Hire' Holiday Risk

As the U.S. government shutdown suspends Bureau of Labor Statistics (BLS) data releases, including the critical September jobs report scheduled for Friday, the Chicago Fed has stepped in with a final real-time forecast, predicting a steady unemployment rate of 4.34% for September 2025, based on 11 job market indicators.

The Conversation

US economy is already on the edge – a prolonged government shutdown could send it tumbling over

The economic consequences of the current federal government shutdown hinge critically on how long it lasts. If it is resolved quickly, the costs will be small, but if it drags on, it could send the U.S. economy into a tailspin.

Euronews

Debt by diagnosis: Health problems drive German households into debt

A new report finds health-related problems now account for nearly one in five overindebtedness cases in Germany, outpacing unemployment and divorce.

The Independent UK

Federal shutdown cuts off economic data vital to policymakers and investors

The government shutdown will deprive policymakers and investors of economic data vital to their decision-making at a time of unusual uncertainty about the direction of the U.S. economy

The Guardian - AU

The RBA seems unlikely to do another rate cut – meaning they’re betting the economy is better than the data says

Michele Bullock doesn’t think our current cash rate is ‘very restrictive’. Do the figures back her up?

International Business Times UK

350K Michigan Workers Ordered to Repay Covid Jobless Benefits After $2.7B 'Error' — Are You One of Them?

The Unemployment Insurance Agency in Michigan will resume recouping overpaid benefits, and those who miss out on repaying could face financial penalties and interest on the amount owed.

Barchart

Stock Index Futures Slip as Shutdown Deadline Looms, U.S. JOLTs Report and Fed Speak Awaited

December S&P 500 E-Mini futures (ESZ25) are down -0.23%, and December Nasdaq 100 E-Mini futures (NQZ25) are down -0.14% this morning as investors grew anxious with the deadline to avert a U.S. government shutdown approaching.

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