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The Latest Breaking News from Unemployment

Starting a business after university: young South African entrepreneurs discuss the highs and lows

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.

The Conversation

Africa’s ‘youthquake’: huge numbers of young people have no jobs, the wrong skills and little hope

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.

The Conversation

‘I miss home’: 13-year-old Nigerian girls trapped and exploited in Ivory Coast sex industry

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

The Guardian - UK

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‘No one has any money’: Israel’s restrictions stifle West Bank economy

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

The Guardian - UK

Unemployment Benefits Applications Rise Modestly, Remain At Healthy Levels

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

Top News

China's Underwhelming Data Dampens Hope Of Economic Recovery

Chinese industrial production growth slowed in July while unemployment rose, official data showed Thursday, highlighting an uneven recovery in the world's second-largest economy despite recent government measures to try to stimulate expansion.

International Business Times

Australia’s unemployment rate rises to 4.2% in July, even as employers add more than 58,000 jobs

Latest data reported by the ABS dims chances of a near-term RBA interest rate cut

The Guardian - AU

The RBA poured cold water on an interest rate cut before Christmas – but its hawkish stance may make inflation even worse

It seems that the lessons of the past on issuing ‘forward guidance’ have been quickly forgotten

The Guardian - AU

S&P Futures Tick Higher Ahead of Key U.S. PPI Data, Home Depot Earnings on Tap

September S&P 500 E-Mini futures (ESU24) are trending up +0.11% this morning as investors awaited crucial U.S. producer inflation data, comments from a Federal Reserve official, and an earnings report from home improvement chain Home Depot.

Barchart

S&P Futures Climb Ahead of Key U.S. PPI Data, Home Depot Earnings on Tap

September S&P 500 E-Mini futures (ESU24) are trending up +0.32% this morning as investors awaited crucial U.S. producer inflation data, comments from a Federal Reserve official, and an earnings report from home improvement chain Home Depot.

Barchart

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The Guardian - UK

Nigel Farage ‘deeply irresponsible and dangerous’ during riots, says Tory leader contender – as it happened

Tom Tugendhat criticises Reform UK leader’s attempt to amplify ‘false information’ and for his failure to condemn the riots

The Guardian - UK

UK unemployment falls as wages growth hits lowest in two years

Rachel Reeves says there is more to do in supporting people into employment and she will take action in budget

The Guardian - UK

AstraZeneca hits £200bn valuation as ambitious plans pay off – as it happened

Pharmaceuticals giant has hit a £200bn stock market valuation, a decade after fighting off Pfizer’s takeover approach

Newslaundry

A herbal firm’s handbook of ‘abuse’: ‘Drugs, fraud, and youngsters confined to rooms’

At a hotel in Bihar’s Begusarai on March 21, union minister and MP Giriraj Singh thundered on stage before a crowd of youngsters in suits. “A leader doesn’t mean a political leader…you’ve reached here by battling unemployment. So you are the real leader…If I wasn’t an MP, I would’ve worked…

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Barchart

Dollar Boosted by Higher T-note Yields

The dollar index (DXY00 ) on Thursday rose slightly by +0.03%. The dollar Thursday erased overnight losses and turned slightly higher after US weekly initial unemployment claims fell more than expected, which pushed T-note yields higher and was hawkish for Fed policy. The dollar gave up most of its advance...

Barchart

Stocks Rally as Economic Concerns Ease and Chip Stocks Climb

The S&P 500 Index ($SPX ) (SPY ) today is up +1.70%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +1.32%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +2.24%. US stocks are trading higher today after US weekly initial unemployment claims fell more...

Barchart

Dollar Gains as US Weekly Jobless Claims Fall

The dollar index (DXY00 ) today is up by +0.18%. The dollar today erased overnight losses and turned higher after US weekly initial unemployment claims fell more than expected, which pushed T-note yields higher and was hawkish for Fed policy. Strength in stocks today is limiting the upside in the...

International Business Times

Wall Street Today: Stocks React Favorably To Revised Unemployment Data

The U.S. economy got some relief from a favorable unemployment report on Thursday, and the stock markets responded in kind with strong gains from the opening bell.

Barchart

Stocks Climb as US Weekly Jobless Claims Ease Economic Concerns

The S&P 500 Index ($SPX ) (SPY ) today is up +0.99%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.81%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.10%. US stocks are trading higher today after US weekly initial unemployment claims fell more...

The Independent UK

Fewer Americans file for jobless benefits last week, but applications remain slightly elevated

The number of Americans filing for jobless benefits fell last week but remain at slightly elevated though not troubling levels

Fortune

Top economist: More people are looking for a job, but not because they were laid off

The unemployment rate reflects the fact that the number of workers is growing, not that more people are losing their jobs.

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