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The Latest Breaking News from Unemployment

S. Ct. Rejects Wisconsin Unemployment Tax Exemption's Different Treatment of Proselytizing and Non-Proselytizing Religions

The government generally may not "distinguish[] among religions based on theological differences in their provision of services."

Reason

US supreme court backs Catholic charity group in unemployment taxes case

Catholic Charities had argued it should not be required to pay unemployment taxes

The Guardian - US

Supreme Court sides with Catholic Charities in religious-rights case over unemployment taxes

The Supreme Court says a Catholic charity in Wisconsin doesn’t have to pay unemployment taxes in one of a set of religious-rights cases the justices are considering this term

The Independent UK

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The number of Americans filing for jobless benefits last week rises to highest level in eight months

Filings for U.S. unemployment benefits rose to their highest level in eight months last week but remain historically low despite growing uncertainty about how tariffs could impact the broader economy

The Independent UK

Finding online support after a job loss

The unemployed are bracing for the toughest job market in years

Salon

Eurozone unemployment drops to record low levels in April

Falling energy and input prices helped ease cost pressures for European businesses in April, allowing them to retain more employees.

Euronews

Young men on South Africa’s urban margins: new book follows their lives over 10 years

South Africa’s young people, aged 15 to 34, who make up more than 50% of the country’s working age population, bear a disproportionate burden of unemployment. They have done so for more than a decade. Of this group, those aged 15-24 face the highest barriers to the job market, according…

The Conversation

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Dollar Slides with Bond Yields on Weak US Economic News

The dollar index (DXY00 ) on Thursday fell by -0.60%. The dollar on Thursday slid from a 1-week high and retreated on Thursday's Fed-friendly US economic news that showed the Q1 core PCE price index revised lower, continuing unemployment claims unexpectedly rose to a 3-1/2 year high, and Apr pending...

Barchart

Dollar Erases Early Gains on Weak US Economic News

The dollar index (DXY00 ) today is down by -0.47%. The dollar today fell from a 1-week high and turned lower on today's US economic news that showed the Q1 core PCE price index revised lower and continuing unemployment claims unexpectedly climbing to a 3-1/2 year high, dovish factors for...

Barchart

Caution and clarity are the two takeaways from Fed’s notes—but Powell may get ‘stuck’ in limbo

The FOMC’s latest meeting notes reveal a committee in stasis as it waits for the real impact of Trump’s tariff regime.

Fortune

Anthropic CEO says AI could cause up to 20% unemployment within five years, wipe out half of all entry-level white collar jobs

The CEO of Anthropic has claimed AI could wipe out half of all entry-level white collar jobs and spike unemployment by 20%.

Tom’s Hardware

Anthropic Boss Warns: AI Could Obliterate 50% Of White-Collar Starter Roles

Anthropic's Dario Amodei predicts AI could eliminate half of entry-level white-collar jobs in 1-5 years, spiking unemployment. Can workers and policymakers adapt in time?

International Business Times UK

Germany sees a jump in unemployment as manufacturing weakness drags on

The number of unemployed people in Germany is nearing the 3 million threshold for the first time in a decade.

Euronews

Nasdaq Futures Tick Lower With All Eyes on Nvidia Earnings, FOMC Minutes on Tap

June Nasdaq 100 E-Mini futures (NQM25) are trending down -0.19% this morning as investors cautiously await an earnings report from AI darling Nvidia and the Federal Reserve’s May meeting minutes.

Barchart

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AAP

Egg, housing costs might fry hopes of earlier rate cut

Headline inflation has held steady but came in hotter than economists expected in the year to April. Whether it's a blip or something else remains to be seen.

Fortune

Cash-strapped recent college grads: These are 10 of the most affordable U.S. cities to live that also have low unemployment rates

Realtor.com released its ranking of the top rental markets for recent college grads.

The Free Financial Advisor

These 12 States Are Failing Their Residents in Jobs, Happiness, and Safety

If you’re thinking about moving or just curious about how your state stacks up, you might want to pay close attention to where you live. Not all states are created equal when it comes to jobs, happiness, and safety. In fact, some states consistently fall short, leaving their residents struggling…

Euronews

Unemployment in EU going down among all age groups except young people

The good news is that long-term unemployment has reached its lowest level on record across the EU.

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The Independent UK

College graduates this year are not finding jobs. AI is partly to blame

“What actually can I do as a human who’s a recent graduate that some robot isn’t going to take over?” asked one recent graduate. Michelle Del Rey reports on the students trapped without a next step

The Independent UK

US filings for jobless aid, a proxy for layoffs, inch down modestly last week as uncertainty lingers

The number of Americans filing unemployment claims last week fell slightly as businesses continue to retain employees despite growing economic uncertainty over U.S. trade policy

The Guardian - UK

The hidden cost of your supermarket sea bass

Revealed: an investigation shows how consumers buying fish in the UK are playing a role in food insecurity and unemployment in Senegal

Evening Standard

GP jobs ‘crisis’ leaves qualified doctors considering unemployment benefits

Leading doctors have called for special funding to enable more GPs to be employed in England.

The Conversation

RBA cuts interest rates, ready to respond again if the economy weakens further

The Reserve Bank of Australia cut the official interest rate for the second time this year, as it lowered forecasts for Australian economic growth and pointed to increasing uncertainty in the world economy.

AAP

Full extent of Trump's tariff slap on economy revealed

The Reserve Bank predicts trade uncertainty will cause Australia's GDP to grow 0.3 percentage points lower in 2025, shaving $8 billion off the economy.

Fortune

Gen Z are increasingly becoming NEETs by choice—not in employment, education, or training

Gen Z are ditching the rat race and opting to become NEETs—which stands for “not in employment, education, or training”—creating record levels of youth unemployment around the world.

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