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The Latest Breaking News from Unemployment

Economists Baffled As Australia’s Unemployment Rate Hits Its Highest Level In 4 Years

It comes as a shock as the Reserve Bank of Australia (RBA) and the federal budget forecasts expected unemployment to remain steady through 2026.

Pedestrian.tv

An unexpected unemployment rate rise puts the RBA odds-on to cut the cash rate – but it’s a headache for Jim Chalmers

A resilient labour market is the jewel in Labor’s crown when it comes to its economic record. Is this month’s data a blip, or the start of something bigger?

The Guardian - AU

What a surprise spike in the unemployment rate means for interest rates and the economy

The rate of unemployment in Australia is on the rise again. Official labour force data released on Thursday shows that in the month to September, Australia’s seasonally adjusted unemployment rate jumped from 4.3% to 4.5%.

The Conversation

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Renewed rate-cut hopes fuel Australian shares record

A lift in expectations of an interest rate cut have provided a springboard to send Australian equities to new highs, after weeks of consolidation.

AAP

Rates cut back in the works as jobless figure spikes

An interest rate cut is back in the running on Melbourne Cup day as surprising unemployment figures offer borrowers hope of a home-loan victory.

AAP

'We Need Support, Not Pressure': Inside Rachel Reeves' Youth Jobs Guarantee Plan

Labour's new jobs guarantee promises paid placements for young people out of work for 18 months. But experts warn it could repeat past mistakes if it relies on sanctions rather than support. And, policy must focus on skills, confidence and real opportunity to work.

International Business Times UK

Banking Expert: 5 Things You Must Do With Your Money in a Shrinking Job Market

Unemployment is rising. A credit union CEO shared smart financial moves to protect your money and stay afloat in a shrinking job market.

GOBankingRates

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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

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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International Business Times UK

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.

Benzinga

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.

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The Conversation

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.

Axios

The worrying kink in this job openings, unemployment curve

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

Everybody Loves Your Money

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…

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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