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The Latest Breaking News from Unemployment

Full extent of Trump's tariff slap on economy revealed

The Reserve Bank predicts trade uncertainty will cause Australia's GDP to grow 0.3 percentage points lower in 2025, shaving $8 billion off the economy.

AAP

Gen Z are increasingly becoming NEETs by choice—not in employment, education, or training

Gen Z are ditching the rat race and opting to become NEETs—which stands for “not in employment, education, or training”—creating record levels of youth unemployment around the world.

Fortune

Covid-19 death tolls in Europe highlight stark regional differences in 2020 and 2021

The political decisions made during 2020 and 2021 to combat the Covid-19 pandemic profoundly altered daily life. Professionally, societies faced partial unemployment and widespread adoption of remote work; personally, individuals endured lockdowns and social distancing measures. These interventions aimed to reduce infection rates and ease pressure on healthcare systems, with…

The Conversation

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Fact check: Unemployment figures row and NHS appointments error

Round-up of fact checks from the last week compiled by Full Fact.

Evening Standard

Dollar Retreats on Mixed US Economic News

The dollar index (DXY00 ) Thursday fell by -0.14%. The dollar was under pressure Thursday as weaker-than-expected US Apr producer prices pushed T-note yields lower and boosted expectations for the Fed to cut interest rates. Other US economic reports on Thursday were mixed for the dollar. US weekly initial unemployment...

Barchart

As the Fed devises its new strategy, Powell sees an economy with ‘more volatile’ inflation

Every five years the Federal Reserve reconsiders its framework for monetary policy. This time it will have to consider lessons from the pandemic and an uncertain future.

Fortune

Dollar Pressured by a Soft US PPI Report

The dollar index (DXY00 ) today is down by -0.25%. The dollar is under pressure today as weaker-than-expected US Apr producer prices pushed T-note yields lower and boosted expectations for the Fed to cut interest rates. Other US economic reports today are mixed for the dollar. US weekly initial unemployment...

Barchart

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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

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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The Guardian - UK

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

Evening Standard

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

The Guardian - UK

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 Independent 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

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Evening Standard

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.

The National (Scotland)

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

AAP

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.

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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