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The Latest Breaking News from Unemployment

US applications for jobless benefits fell last week as layoffs remain low

Fewer Americans sought unemployment benefits last week as employers appear to be holding onto their workers even as the economy has slowed

The Independent UK

No, These New Studies Don't Show an AI Jobs Apocalypse Is Coming

Economists at the Federal Reserve and Stanford University recently published studies investigating how AI affects employment in different industries.

Reason

Voices: My son’s lucrative summer jobs should be a warning sign for British industry

COMMENT: It isn’t just that unemployment has hit an all-time high – up 500,000 since Keir Starmer took office – businesses are being stymied by hiring freezes, the hospitality sector is increasingly reliant on agency staff, and the number of NEETs is on the rise. Under Labour, Britain simply isn’t…

The Independent UK

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Obsidian's Fallout: New Vegas probably has one of the lowest NPC unemployment rates among all RPGs, gaming scientist finds, but yeah, it still "sucks s***" to live there

A job doesn't necessarily mean happiness

GamesRadar

The US really is unlike other rich countries when it comes to job insecurity – and AI could make it even more ‘exceptional’

How will AI affect American workers? There are two major narratives floating around. The “techno-optimist” view is that AI will free humans from boring tasks and create new jobs, while the “techno-pessimist” view is that AI will lead to widespread unemployment.

The Conversation

UK unemployment to hit highest level since Covid, says think tank

Unemployment in the UK could soon hit the highest level seen since the Covid pandemic, according to a think tank ...

The National (Scotland)

Millions of Gen Zers are jobless—and unemployment is mainly affecting men

Young men ages 20 to 24 have faced higher unemployment rates since the thick of the COVID-19 pandemic as Gen Z women funnel into AI-proof jobs like health care.

Fortune

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7 Government Programs You Lose Access to After Taking a New Job

Accepting a new job with a higher salary is a major step toward financial independence. It’s a moment of pride and a chance to build a better future. However, that bigger paycheck can have a hidden downside for many low to moderate-income families. They often face the loss of critical…

Budget and the Bees

CEO Asks if It's 'Insensitive' to Charge $20 Job Interview Fee to Deter Underqualified Applicants

A CEO's controversial LinkedIn post proposing a $20 job interview fee sparked debate. While he called it a 'thought exercise' to deter underqualified applicants, the idea was widely criticised by professionals.

International Business Times UK

Officially, the unemployment rate is 4.2%. But that doesn’t count all the hidden workers in Australia

Australia’s job market is facing a paradox. Employers across every major sector – from construction to healthcare – report crippling skills shortages.

The Conversation

Powell's Warning Signal: Unemployment Claims Jump to Highest in Years

The U.S. labor market is showing its most significant signs of strain in nearly four years, with the number of Americans continuing to draw unemployment benefits climbing to its highest point since November 2021.

Benzinga

Powell's Last Stand

Plus: Federal bureaucracy gets a redesign, Robert Moses messing things up (still), Syrian immigrant unemployment data, and more...

Reason

No Longer A Man's World? Why Gen Z Men Have Higher Unemployment Rates Than Their Female Counterparts

Gen Z's entrance into the job market hasn't been easy. Between an economic slowdown, the disappearance of entry-level jobs thanks to AI, and government policy changes that have affected the number of available positions in sectors like public health and nonprofits, there are fewer and fewer opportunities to get a…

Benzinga

US applications for jobless benefits rise last week, but layoffs remain historically low

More Americans filed for unemployment benefits last week, but U.S. layoffs remain in the same historically healthy range of the past few years

The Independent UK

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The Guardian - UK

‘Mountain to climb’: how Labour is facing a crisis in youth unemployment

The government is adding an extra year, and an extra £45m, to its scheme in England to help people find work

The Independent UK

DC unemployment rate is the highest in the US for the third straight month

Washington, D

International Business Times UK

'Benefits Crackdown or Public Humiliation?' Ohio Republicans Want to Track Job Applicants Who Miss Interviews

Ohio's House Bill 395 would create a public registry of job applicants who miss interviews without notice. Supporters say it promotes accountability for benefit claimants, while critics warn it risks duplicating existing systems and unfairly penalising vulnerable people.

AAP

Jobless fall gives RBA room before next rate cut

The unemployment rate slid to 4.2 per cent in July, partly because of an unwinding from an earlier, outsized jump, the Australian Bureau of Statistics reports.

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International Business Times UK

UK Jobs Market Slows: Fewer Vacancies, Rising Costs — and Tougher Times Ahead for Jobseekers?

In the UK, vacancies fell by 5.8% between May and July this year, down to 718,000, marking the lowest level since 2021 outside of the pandemic.

Fortune

China’s youth unemployment is so bad that Gen Z job-seekers are paying $7 a day to pretend to work in an office

Like U.S. college graduates, China’s young professionals are struggling to land jobs But instead of bed rot and doom spending, they’re paying up to $1800 a year to pretend to work at faux offices.

Evening Standard

London suffers worst unemployment rate in UK as Chancellor admits 'more to do' on jobs

Some 6% of Londoners are unemployed while one in five are classed as economically inactive, according to the latest statistics

Evening Standard

Reeves concedes Government has ‘more to do’ as unemployment at four-year high

The Chancellor insisted Labour had been ‘creating more jobs’ since entering office despite vacancy numbers declining over the last quarter.

The Independent UK

UK unemployment remains at four-year high with ‘fewer job opportunities’ in retail and hospitality

Job vacancies fell by 44,000 over the three months to July

The Independent UK

Business news live: UK unemployment at four-year high with firms ‘feeling the heat from raft of cost-pressures’

Stock market news and latest business and finance updates from Tuesday

The Guardian - UK

UK employers cut back on bonuses and hiring as economic slowdown hits jobs market

Unemployment remains steady but vacancy rates drop and pay growth slows

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