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The Latest Breaking News from Unemployment

AI Isn't Just Replacing Workers. It Is Also Making College Degrees Less Valuable And Can Leave Recent Graduates With 'Long-Lasting Scars For Decades'

Artificial intelligence has been replacing workers, and that can make colleges less valuable. CNBC detailed in a video released on YouTube that covers how AI is impacting recent graduates and how it can affect the economy.

Benzinga

Grant Cardone Argues College Isn't Worth The Investment, Citing '$1.7 Trillion Of Wasted Unforgivable Debt'

Real estate investor Grant Cardone recently questioned the value of a college education by approaching it as an underperforming asset, saying that it has led to "$1.7 trillion of wasted unforgivable debt."

Benzinga

Americans Feel Bleak Despite Strong Economy — Here's Why

American consumers are seriously depressed, even as key economic data looks solid. A surprisingly deep gloom now dominates U.S. households, even as unemployment, inflation and wage trends suggest households should feel stronger than they have in years.

Benzinga

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Immigration panic comes in waves. Data shows who worries most, and when

There are several predictable cycles in Australian public opinion, and one of them is the moral panic surrounding immigration.

The Conversation

UK factory sector grows for first time in a year despite budget uncertainty; Airbus shares slide amid A320 problems – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

10 States Where Your Paycheck Stretches the Furthest

If you call one of these great states home, you're in a good position to get more bang out of your bucks, even if income is lower compared to in other areas.

GOBankingRates

S&P Futures Halted Due to CME Outage

December S&P 500 E-Mini futures (ESZ25) were indicated up +0.10% before a technical outage at the Chicago Mercantile Exchange disrupted trading.

Barchart

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Amid ‘instability and fear’ in Trump’s economy, Americans are cutting holiday spending

In addition to rising prices and tariffs, readers cite growing unemployment as a reason not to exchange gifts this year

The Guardian - US

Four claims from the 2025 Budget debate fact checked

Full Fact takes a look at claims about tax thresholds, NHS appointments, unemployment and house building.

Evening Standard

Budget ‘papers over cracks’, say economists as UK growth forecasts downgraded

The Office for Budget Responsibility also pointed to a worsening short-term picture for inflation and unemployment.

Evening Standard

Mortgage and unemployment rates: 5 economic trends we're thankful for

The unemployment rate has been below 4.5% for 47 consecutive months, nearly four years.

Axios

Fewer Americans sought unemployment benefits last week as layoffs remain low

The number of Americans applying for unemployment benefits declined last week in a sign that layoffs remain low, even as several high-profile companies have announced job cuts

The Independent UK

UK faces higher inflation and record tax burden in bleak new forecast

Leaked forecasts from the Office for Budget Responsibility (OBR) predict higher inflation and unemployment for the UK in 2025 and 2026 than previously expected. The OBR also indicated that economic growth will be weaker from 2026 until the end of the current Labour government, with the tax burden continuing to…

The Independent UK

Inflation and unemployment forecasts hiked as tax burden to hit record – OBR

It came as the UK’s official forecaster also reported that economic growth will be weaker than expected from 2026.

The Independent UK

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Euronews

Remote and hybrid work can boost employment, says UK parliament report

Parents, carers, and people with disabilities stand to benefit most from more flexible work options, according to a new UK parliament report, as unemployment is rising in the UK.

The Independent UK

Business backlash as Reeves confirms minimum wage pay rise hike for millions of workers

The chancellor said the move would mean those on low incomes were ‘properly rewarded’ - but businesses warned the move could drive unemployment and hit economic growth

Benzinga

One-Fourth Of America's Unemployed Are Now College Grads— Chamath Palihapitiya Warns Student Loans Are Fueling The Crisis

A disturbing shift in the American labor market—dubbed a “white-collar slowdown” has pushed the share of unemployed college graduates to record highs, prompting venture capitalist Chamath Palihapitiya to demand a drastic overhaul of federal student lending.

Fortune

Amazon's layoffs and leaked AI plans beg the question: Is the era of robot-driven unemployment upon us?

As Amazon doubles down on automation, the tech giant’s vision for “collaborative robots” sparks debate over the future for both blue-and white-collar workers—and what’s truly at stake for its massive workforce.

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AAP

Rate cut a shoo-in as Kiwi economy searches for spark

With an economy shrinking and unemployment at eight-year highs, New Zealand's central bank is all but certain to cut rates at its last meeting of the year.

Evening Standard

Key economic data and trends that will shape Rachel Reeves’ Budget

Government borrowing for the current financial year is the highest on record outside the Covid-19 pandemic.

Evening Standard

A survival guide for moving to Sydney: 100-person flat viewings and shark alarms

The cold has finally hit and unemployment is soaring. How to escape London’s winter doom? Move to Sydney like all the other Brits, of course. Katie Strick has an insider’s guide

Fortune

Why Nvidia stock is being punished after a blockbuster earnings report

Nvidia investors sold upon hearing good news, while everyone else is buying into a Fed rate-cut scenario.

Benzinga

ETF Diet Leans Defensive — Less Froth, More Safety As Jobless Rate Hits 2021 High

The latest jobs report has put the ETF market into a dilemma. With the unemployment rate rising to 4.4%, the highest level since October 2021, and December rate-cut odds shrinking to 28%, trimming risk and loading up on steadier, low-beta staples may prove to be a prudent move.

Benzinga

Top Economist Warns September Jobs Report Is Warning To 'Cut Back On The Economic Junk Food'

Despite a September jobs report that saw the U.S. economy add 119,000 positions—more than double the expectations of forecasters—top economist Justin Wolfers is urging caution, warning that rising unemployment signals it is time for the country to “cut back on the economic junk food.”

Barchart

Stocks Reverse Sharply Lower as Tech Stocks Get Crushed

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed down by -1.56%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down by -0.84%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down by -2.38%. December E-mini S&P futures (ESZ25 ) fell -1.56%, and December...

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