The Latest Breaking News from Unemployment

Rep. Steven Horsford is likely to fill the open seat on the House Ways and Means Committee, following the death of Rep. Bill Pascrell Jr.

Drop to lowest level since 2021 may lead to cut in September though unemployment figures give cause for concern

September S&P 500 E-Mini futures (ESU24) are trending up +0.45% this morning as the prospect of lower interest rates and a slew of upbeat earnings reports boosted sentiment, while investors geared up for the release of the Fed’s first-line inflation gauge.

Latest Labor Department report shows slight decrease in jobless claims, hinting at a healthy U.S. labor market despite rising interest rates.

In August 2023, the U.S. Federal Reserve decided to keep interest rates steady at a 23-year high of 5.33%. With inflation slowing down and the unemployment rate slightly rising, many believe that the Fed will cut interest rates in its upcoming meeting on September 17-18.

Are we headed for a recession? The answer is complex – although for young people it already feels like one

South Africa’s youth unemployment rate, at 45.5% (among those aged between 15 and 34), is worryingly high, even in the context of widespread unemployment across the African continent. More than 72 million young people in Africa, most of them women, are neither employed nor pursuing tertiary education.

By 2050, one in every three young people on earth will be of African origin, according to the 2024 International Labour Organisation’s (ILO) Global Employment Trends for Youth report. Africa’s young people will be key players in the direction of future global consumption, culture and even stability.

Thousands are being trafficked out of Nigeria, tricked with promises of work by agents taking advantage of record unemployment levels in the country

Soaring unemployment and poverty are fuelling unrest as Palestinian firms and workers face ‘economic siege’

US unemployment claims show a slight uptick, but experts remain optimistic about the labor market's stability.