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The Latest Breaking News from Unemployment

Keir Starmer’s economic legacy – in charts

PM said Labour had turned economy around – but his record on growth and unemployment appears mixed

The Guardian - UK

US weekly jobless claims fall amid low layoffs

Initial claims for state unemployment benefits dropped 4,000 to a seasonally adjusted 226,000 for the week ended June 13, the Labor Department said on Thursday. Economists polled by Reuters had forecast 225,000 claims for the latest week.

The Economic Times

U.S. filings for unemployment benefits fall to 226,000 last week as layoffs remain historically low

The number of Americans applying for jobless aid fell modestly last week as layoffs remained in the same historically low range of recent years

AAP

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Shock fall in unemployment but it’s not all good news – here’s why

IN FULL

The Independent UK

Bank of England leaves interest rates on hold and lowers inflation forecast amid Middle East ‘uncertainty’ – as it happened

Rolling coverage of the latest economic and financial news, including the latest UK jobs report and the Bank of England’s interest rate decision

The Guardian - UK

UK vacancies fall to lowest for five years as wages grow faster than expected

Employers wary of hiring permanent staff but unemployment eased to 4.9% in the three months to April

The Guardian - UK

US tells states to deal with unemployment fraud or face penalties

The U.S. Department of Labor is telling states they have to combat fraud, waste and abuse in their unemployment insurance programs

AAP

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Trump administration warns states it could withhold unemployment funding

IN FULL

The Independent UK

Trump threatens to pull unemployment benefits from all states for the first time in history

Labor chief is ‘putting governors on notice’ with administration’s crusade against alleged fraud

The Independent UK

US tells states to deal with unemployment fraud - or face penalties

The U.S. Department of Labor is telling states they have to combat fraud, waste and abuse in their unemployment insurance programs

AAP

US tells states to deal with unemployment fraud -- or face penalties

The U.S. Department of Labor is telling states they have to combat fraud, waste and abuse in their unemployment insurance programs

The Independent UK

The bleak view that unemployment needs to rise shows the RBA acts firstly in the interests of companies, not workers

The Reserve Bank governor has made clear the cash rate has been increased not to reduce inflation but to make it harder to bargain for higher wages

The Guardian - AU

Trump’s Department of Labor claims without data that states defrauded government

Acting secretary Keith Sonderling threatens to withhold administrative funds from states for first time in history

The Guardian - US

RJD holds protests against Bihar govt's 'failed' policies, 'rising' crimes, inflation, unemployment

RJD workers demonstrated across Bihar on Wednesday. They protested against the NDA government's policies. Issues like deteriorating law and order, rising unemployment, and inflation were highlighted. Party activists demanded the Chief Minister's resignation. They also accused the government of corruption and alleged crimes against women were increasing.

The Economic Times

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International Business Times UK

US Unemployment: Hidden Crisis Deepens as 6.2m Workers Sidelined in Shadows

A hidden crisis reveals that 6.2 million Americans have been sidelined from the workforce, raising concerns about the true health of the labour market despite positive financial market trends.

The Guardian - AU

RBA interest rates: Reserve Bank holds official cash rate at 4.35%

Reserve Bank of Australia decision on Tuesday comes after three consecutive cash rate hikes this year

Pedestrian.tv

I Saw A Psychic As A Spiritual Sceptic Facing Unemployment & I Didn’t Expect This To Happen

What else do I have to lose?

The Economic Times

Cockroach Janta Party founder Abhijeet Dipke slapped during protest in Jaipur

In Jaipur, a vigorous protest ignited over the troubling issues of NEET paper leaks and rising unemployment. Among the chaos, Abhijeet Dipke, the leader of the Cockroach Janta Party, reportedly faced aggression from protestors while being paraded by his supporters. Law enforcement quickly stepped in, resulting in the detention of…

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Fortune

AI job disruption is here. The problem may be compounded because nearly 75% of people don't apply for unemployment benefits

Many don’t apply because they don’t believe they will be eligible for benefits.

The Economic Times

AI can be more disruptive as it targets both cognitive and skill-based jobs: CEA Nageswaran

AI's impact on jobs is broader than past tech shifts, affecting both cognitive and skill-based roles, according to chief economic adviser V Anantha Nageswaran. He cautioned that current fears are overblown, driven by hype rather than evidence. While some routine tasks may be impacted, history suggests job transformation, not mass…

The Conversation

Young, South African and unemployed: finding direction starts with knowing yourself – counsellor

Thirty-two years after South Africa became a democratic state, the futures of millions of young people in the country are shaped to a large degree by uncertainty, exclusion, poverty and discouragement. As one lens on this scene, unemployment in the age group 15-34 borders on 46%.

The Guardian - UK

Record number of young people fear long-term unemployment

Report says confidence among 16- to 21-year-olds has fallen sharply as they doubt hard work will be rewarded

Evening Standard

Government’s cost-of-living champion urges Labour to cut pensions triple lock

Iceland’s executive chairman Lord Walker of Broxton said the state pension policy was unaffordable.

International Business Times UK

Sold for Survival: Afghans Are Selling Their Child Daughters for $3,200 as Famine Hits Majority of Population

In Afghanistan, families are selling young daughters for survival as famine and economic collapse worsen. Aid cuts and unemployment worsen the crisis, affecting millions under Taliban rule.

The Guardian - UK

Young people in Britain are suffering a joblessness epidemic – and, so far, Labour is just making it worse

Youth unemployment is harming the mental health of a generation. A sluggish economy will only make things harder, says Guardian columnist Larry Elliott

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