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The Latest Breaking News from Unemployment

Top tips for Gen Z job hunters – and why it’s not all doom and gloom

UK unemployment has risen to its highest rate in four years at 4.7 per cent, with job vacancies falling to a decade low of 727,000 between April and June.

The Independent UK

Peek into surprise RBA decision as rate cut on cards

Borrowers are hoping for clarity on the Reserve Bank's next moves as an unexpected jump in unemployment firms the case for an interest rate cut.

AAP

TV Newsance 306: Labubu, Love Jihad & Bihar’s lost voter list

This week on TV Newsance, Anjana was back on primetime, tackling the nation’s most urgent crisis – Labubu, a sharp-toothed Chinese toy, apparently more terrifying than inflation or unemployment. But fear not, because Labubu wasn’t alone. Her evil cousin Annabelle also made a cameo, and just to keep things educational,…

Newslaundry

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Dear Gen Z: Here’s how to not lose your mind when applying for jobs, according to a millennial

IN FOCUS: It’s official – UK unemployment has risen to its highest rate in four years. As young people scramble to find work and find themselves up against hundreds of other candidates, Helen Coffey offers her advice as a millennial who graduated smack-bang into the financial crash

The Independent UK

Indonesia has 44 million youths. It’s struggling to get them jobs

Young Indonesians are more pessimistic about their economic futures than their regional peers, according to surveys.

Al Jazeera

Solid US Economic News Lifts the Dollar

The dollar index (DXY00 ) on Thursday rose by +0.29% and posted a 3.5-week high. Signs of strength in the US economy may keep the Fed from cutting interest rates and are supportive of the dollar. Weekly initial unemployment claims unexpectedly fell to a 3-month low, June retail sales rose...

Barchart

Nation on notice as signs point to growing jobless rate

Australians are being warned about possible further rises in unemployment after a shock jobless rate jump that has strengthened the case to cut interest rates.

AAP

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Voices: As unemployment hits a four-year high, Rachel Reeves must now do whatever it takes

COMMENT : We now know that 178,000 jobs were lost in Labour’s first year in office, writes James Moore. So, what are you going to do about it, chancellor?

The Independent UK

Dollar Climbs on Signs the US Economy Is Holding Up

The dollar index (DXY00 ) today is up +0.35% at a 3.5-week high. Signs of strength in the US economy may keep the Fed from cutting interest rates and are supportive of the dollar. Weekly initial unemployment claims unexpectedly fell to a 3-month low, June retail sales rose more than...

Barchart

Jess Phillips ‘disappointed’ at rise in UK unemployment

IN FULL

The Independent UK

Jess Phillips agrees the economy ‘isn’t going well’ and it will take time before people feel ‘less skint’

The Home Office minister said the latest rise in unemployment figures were ‘disappointing’

The Independent UK

London has worst unemployment rate in UK after massive hospitality jobs shake-out

ONS figures show the number of employees in London shows a fall of 1.8% in the year to May, more than any other region

Evening Standard

Rise in unemployment shows UK jobs market is cooling, but it is not collapsing

Despite latest poor data wage growth remains resilient, and there are ‘signs of confidence returning’

The Guardian - UK

UK unemployment rises to highest in four years due to slowing wage growth

The figures point towards further pressure in the UK labour market

The Independent UK

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The National (Scotland)

Scottish unemployment falls while UK rate rises to highest since pandemic

UNEMPLOYMENT in Scotland fell slightly in the last quarter while the rate has risen to its highest level since the pandemic, official figures have…

The Guardian - AU

Afternoon Update: Latham criticised for alleged photos of female colleagues; unemployment up; and the road to Idiocracy

Text messages sent by independent MP allegedly included disparaging comments about the female politicians’ appearance

The Conversation

Why a surprise jump in unemployment isn’t as bad as it sounds

New figures show Australia’s seasonally adjusted unemployment rate unexpectedly rose to 4.3% – its highest level since late 2021 – in June this year, up from 4.1% in May.

Evening Standard

Unemployment rate rises to highest level since the pandemic as jobs market cools

Weaker than expected figures suggest that an interest rate cut is “nailed on” for next month

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news in one place.

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The Guardian - UK

UK unemployment rises and wage growth slows as jobs market ‘weakens’

ONS data shows jobless rate climbing to highest rate since June 2021 with growth in average earnings slowing to 5%

Evening Standard

UK unemployment jumps to highest since 2021 as wage growth slows

The Office for National Statistics said the rate of UK unemployment increased to 4.7% in the three months to May.

Benzinga

Cathie Wood Says AI Is 'Hurting' Entry-Level Jobs, Offers Advice To Jobseekers: Here Is Her Advice For Those Joining The Workforce

ARK Invest CEO Cathie Wood has sounded the alarm over growing job market pressures, especially for new college graduates, amid rising unemployment and the disruptive impact of artificial intelligence on entry-level roles.

The Guardian - UK

UK payrolls down by 178,000 over last year; Bundesbank chief defends central bank independence after Trump’s attacks on Powell – as it happened

UK company payrolls have fallen steadily in recent months, pushing unemployment rate to four-year high

Evening Standard

FTSE 100 Live 17 July: Later summer bookings hit easyJet shares, Ocado jumps

Later summer booking trends and cost pressures spooked easyJet investors today as the low-cost airline fell 7% in an otherwise robust FTSE 100 index.

AAP

Aussie shares soar as jobless rise lifts rates cut hope

The ASX200 climbed 0.9 per cent to its highest level ever after a surprise rise in unemployment set the stage for the Reserve Bank to cut rates.

AAP

Jobless rate nears four-year high, firms rethink plans

Australia's unemployment rate has bucked expectations and risen as economic headwinds take their toll on employers.

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