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The Latest Breaking News from Unemployment

Reality check on shutdown economics

In the past, government shutdowns have been a micro story, not a macro story.

Axios

Reeves' Bold Pledge: Guaranteed Paid Placements for Unemployed Youth – Promising Rate Cut or Could It Spark Labour Fears?

Chancellor Rachel Reeves pledges paid placements for every young person on Universal Credit for 18 months, targeting 621,000 unemployed youth in 2025

International Business Times UK

Andy Burnham calls for UK to rejoin EU within his lifetime and rejects claim he is fiscally irresponsible – as it happened

Mayor of Greater Manchester says he would have to be ‘wrenched’ out of city and says he wants UK to rejoin EU

The Guardian - UK

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Young people to have benefits stripped if they turn down work under Rachel Reeves’s plan to tackle unemployment

The chancellor will unveil a ‘youth guarantee’, meaning every young person who has been on universal credit for 18 months will be offered paid work, an apprenticeship or a college place

The Independent UK

Reeves to set out guarantee of paid work to cut long-term youth unemployment

Chancellor Rachel Reeves will tell the Labour Party conference: ‘We won’t leave a generation of young people to languish without prospects.’

Evening Standard

Rachel Reeves to make case for ‘contribution’ ahead of youth jobs guarantee

The Chancellor is expected to say Britain must build on the principle of doing ‘our duty for each other’.

Evening Standard

A government shutdown would delay the jobs report at a critical time as the Fed weighs more rate cuts amid mixed economic signals

The September jobs report is expected to show a payroll gain of 45,000, up from 22,000 in the prior month, with the unemployment rate holding steady at 4.3%.

Fortune

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Wall Street Strategist Warns Fed Unprepared To Handle AI Erasing Millions Of Jobs

The rapid rise of artificial intelligence may supercharge the economic growth of the U.S., but Jefferies' chief market strategist David Zervos says it could also trigger a wave of job losses that the Federal Reserve is unprepared to handle.

Benzinga

Faced With A Stagnant Job Market, These Gen Xers Chose Self-Employment

The job market is tough for employees of all ages and experience levels right now. According to the Bureau of Labor Statistics, the unemployment rate in August was 4.3%, the highest it's been since late 2021.

Benzinga

Australia, along with other OECD countries, is mired in mediocrity – and the RBA seems intent on keeping us there

If the Reserve Bank won’t drop interest rates next week, it will be another example of one of our institutions aiming low

The Guardian - AU

Nearly one in 5 Gen Zers is 'very concerned' that AI will take their job in the next 2 years, Deutsche Bank says. Boomers and Gen X aren't bothered

The (American) kids aren't alright.

Fortune

9 Strange Situations That Can Wreck Your Finances Overnight

Money usually vanishes slowly bad spending habits, mounting interest, or creeping inflation. But every so often, it doesn’t just trickle away, it gets blasted out of your hands like confetti in a wind tunnel. Life has a way of throwing bizarre curveballs that can flatten even the most responsible budget.…

Everybody Loves Your Money

Scams, silence, rejection: US job seekers describe ‘depressing’ work prospects

Qualified candidates struggle in a sluggish market due to Trump tariffs, AI screening and vanishing entry-level roles

The Guardian - US

Trump's Tariffs Have Put Powell In A Bind, Says Economist: 'Get Rid of The Tariffs' To Solve These Problems

According to economist Justin Wolfers, Federal Reserve Chair Jerome Powell is stuck in a policy dilemma created by the trade and tariff policies of President Donald Trump.

Benzinga

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Fortune

Gen Z job crisis: Maybe there are just too many college graduates now

The percentage of Americans with a bachelor’s degree or higher is now 37.5%, up from 25.6% in 2000.

Benzinga

Jerome Powell and Economists Agree: Gen Z Faces a Hiring Crisis And That's Not About AI

In 2025, the rising unemployment rate among Americans under 25, specifically recent graduates, has become a significant economic concern. This problem seems to be uniquely American, stemming from a “no hire, no fire” economy, rather than the advent of artificial intelligence (AI).

Fortune

Top economists and Jerome Powell agree that Gen Z's hiring nightmare is real—and it's not about AI eating entry-level jobs

"The U.S. labor market experience is peculiar," UBS' Paul Donovan wrote in a UBS note asking, "the kids are alright?"

Fortune

Goodwill CEO says he’s preparing for an influx of jobless Gen Zers because of AI—and warns, a youth unemployment crisis is already happening

Over 2 million job seekers used Goodwill's employment services last year—and the charity's CEO says it's gearing up for an influx of unemployed young people, thanks to AI.

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Euronews

Hidden unemployment in Europe: Which countries face the greatest labour market slack?

The definition of unemployment is restrictive, excluding many people who are not in work. Labour market slack, by capturing additional groups of people without jobs, provides a more comprehensive picture than unemployment alone.

Fortune

Inside the Fed’s economic projections, ‘something isn’t adding up’ according to SoFi’s investment chief

The Fed says the economy will grow and unemployment will decline. So why did it cut interest rates on Wednesday?

Benzinga

Trump's Tariffs Leading US To The 'Foothills of Stagflation,' Warns Larry Summers: 'Confidence Has More Room To Decline'

Former Treasury Secretary Lawrence Summers cautioned that the United States may be heading into a period of stagflation led by President Donald Trump’s trade and tariff policies, citing the lingering effects of tariffs and rising risks for both unemployment and inflation.

Benzinga

College Students Are Getting Discouraged About Their Job Prospects Amid The Relentless AI Boom

Artificial intelligence is innovating many industries, but there is a growing concern among young professionals that AI may be coming for their jobs. Bentley University Lecturer Jeff LeBlanc says that his students occasionally joke about AI taking their jobs.

Reason

The Federal Reserve Cuts Rates With Inflation Still Hot. Is Political Pressure Winning?

When the Federal Reserve is concerned about inflation, it increases the federal funds rate. Despite expressing such concerns, the Fed lowered it.

The Conversation

Fed rate cut is attempt to prevent recession without sending prices soaring

The Federal Reserve on Sept. 17, 2025, cut its target interest rate as it shifts focus from fighting inflation to supporting the choppy labor market.

The Guardian - US

Federal Reserve cuts US interest rates for first time since December

Central bank moves to set rates at range between 4 and 4.25% but decision unlikely to satisfy Donald Trump

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