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The Latest Breaking News from Unemployment

US applications for jobless benefits hold firm as layoffs remain low despite tariff uncertainty

U.S. applications for jobless benefits held steady last week as layoffs remain low despite uncertainty over how President Donald Trump’s tariffs will impact the economy

The Independent UK

Mortgage relief could be limited as jobs market expands

An unexpected jump in employment has led the money market to pare back its hopes for further mortgage relief after a widely expected rate cut next week.

AAP

Fact check: The unemployment rate has risen from 4.2% to 4.5% since the election

The leader of the Opposition and a Labour MP disagreed about the UK’s unemployment figures on Wednesday.

Evening Standard

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Squaring the accounts of Kevin Warsh, whom Trump could pick as Fed chairman next year

A recent speech offered clues into how Warsh might lead the central bank he’s criticized. Not everything added up.

Fortune

Starmer says Tories are ‘dead party walking’ as Badenoch dismisses trade deals

The Opposition leader said agreements with Narendra Modi and Donald Trump’s governments are ‘tiny tariff’ deals.

Evening Standard

FTSE 100 flat after data shows UK jobs market ‘cooling’

New figures on Tuesday showed unemployment rose to 4.5% in the quarter to March, the highest since summer 2021.

The Independent UK

UK wage growth cools ahead of national insurance hike for businesses

UK wages lagged as businesses dealt with increasing cost pressures and growing economic and geopolitical uncertainty.

Euronews

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Reeves’s tax rises on employers start to bite as unemployment jumps

Effects of chancellor’s measures evident as companies reduce hiring and push down on wage growth

The Guardian - UK

Jobless total rises to its highest level in nearly four years

But real wages are still going up briskly, reducing the chance of another interest rate cut

Evening Standard

UK unemployment rises to highest in nearly four years

ONS figures also reveal slide in job vacancies amid rise in employer national insurance contributions

The Guardian - UK

Unemployment rate rises to near four-year high as wage growth falters

Signs point to a ‘cooling’ of the labour market, the ONS said

The Independent UK

Unemployment rate hits near four-year high as wage growth falls – ONS

The Office for National Statistics said the latest official figures showed further signs of a ‘cooling’ labour market.

Evening Standard

Charting protest pop: How music can bring about change

The 1980s was a period of profound popularity for political pop. Now, 40 years later, it’s what we desperately need again

The National (Scotland)

Jobs and wage data in focus ahead of interest rate call

Most analysts are asking not if, but by how much, the Reserve Bank will cut interest rates - and upcoming jobs data could be pivotal to that decision.

AAP

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The Independent UK

Federal Reserve official sees signs of slowing economy but not ready to cut rates

A top Federal Reserve official said Friday that massive uncertainty created by President Donald Trump’s tariffs has caused some businesses to cut back on hiring and spending, threatening to slow the economy, but he added that it’s not yet clear whether the central bank should cut its key interest rate

Fortune

Jerome Powell says the Fed can afford to wait and see before cutting rates. Other economists aren’t so sure

A data-dependent approach might leave the central bank playing catch-up.

Euronews

Federal Reserve leaves key rate unchanged as it sees risk of higher prices

The Federal Reserve kept its key interest rate unchanged on Wednesday, brushing off President Donald Trump’s demands to lower borrowing costs, and said that the risks of both higher unemployment and higher inflation have risen, an unusual combination that puts the central bank in a difficult spot.

Salon

Powell warns of tariff consequences

The Fed chair noted that Trump's upcoming tariffs could lead to inflation and increased unemployment

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Fortune

Fed might have to pick between solving unemployment or inflation

Fed Chair Jerome Powell said the central bank hasn’t faced such a scenario in a “long time.”

Fortune

Stocks close slightly higher as Fed stands pat on rates, warns of stagflation risks

The Federal Open Market Committee said it "judges that the risks of higher unemployment and higher inflation have risen."

Al Jazeera

US Federal Reserve holds rates steady, warns of higher unemployment

The central bank will hold steady amid economic uncertainty driven by tariffs.

The Independent UK

Federal Reserve leaves key rate unchanged as it sees risk of higher prices and higher unemployment

The Federal Reserve kept its key interest rate unchanged Wednesday, brushing off President Donald Trump’s demands to lower borrowing costs, and said that the risks of higher unemployment and higher inflation have risen

Fortune

Federal Reserve doesn’t budge on interest rates

Investors are pricing in two to four cuts by the end of the year.

AAP

NZ unemployment defies expectations to stay unchanged

While banks and analysts had pencilled in a modest rise to 5.3 per cent, unemployment in New Zealand remains at 5.1 per cent.

Salon

This might be the year of the layoff

The federal government isn't the only employer purging. Major companies are also letting workers go

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