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The Latest Breaking News from Unemployment

Jobs Report: Fed Rate-Cut Odds Jump As Hiring Stalls Amid Strike, Hurricane; S&P 500 Rises

The October jobs report, though muddied by Hurricane Milton and the Boeing strike, bolstered the case for addition Fed rate cuts, aiding the S&P 500.

Investors Business Daily

Stocks Close Sharply Lower as Tech Stocks Routed

The S&P 500 Index ($SPX ) (SPY ) Thursday closed down -1.86%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.90%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -2.44%. Stocks on Thursday sold off sharply, with the S&P 500 and Nasdaq 100 posting...

Barchart

Stock Indexes Fall as Tech Stocks Plunge

The S&P 500 Index ($SPX ) (SPY ) today is down -1.43%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.80%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -2.03%. Stocks today are falling sharply, with the S&P 500 posting a 3-week low, the...

Barchart

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Stocks Tumble on Disappointing Earnings From Microsoft and Meta

The S&P 500 Index ($SPX ) (SPY ) today is down -0.88%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.46%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.40%. Stocks today are moderately lower, with the S&P 500 and Dow Jones Industrials falling...

Barchart

Nigeria’s universities need to revamp their entrepreneurship courses – they’re not meeting student needs

Youth unemployment has been a problem in Nigeria for decades. This is why policymakers are increasingly turning to entrepreneurship education as a solution. It is hoped that entrepreneurship will reduce reliance on formal jobs and create more opportunities for self-employment.

The Conversation

South Africa’s fight against extreme poverty needs a new strategy - model shows how social grants could work

South Africa has been struggling for decades to reduce poverty, inequality and unemployment and raise the rate of economic growth.

The Conversation

Trump wants you to believe that the US economy is doing terribly. It’s untrue

Despite his claims to the contrary, unemployment is low, inflation is way down, and job growth is remarkably strong

The Guardian - US

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What happened to Bhutan’s ‘kingdom of happiness’?

The Himalayan country is facing unprecedented emigration and high youth unemployment, casting doubt on its famous happiness-based economic approach

The Guardian - AU

Palestine’s economy teeters on the brink after a year of war and unrelenting destruction

The Palestinian economy has been devastated beyond recognition. Israel’s intense military operations in Gaza have led to unprecedented destruction, wiping out much of the enclave’s essential infrastructure, private property and agricultural resources.

The Conversation

Will Pennsylvania’s Economic Rebound Help Deliver the Crucial Swing State to Harris?

Despite a robust recovery and low unemployment, polling reveals a disconnect between economic reality and voter perception.

Capital & Main

Unemployment’s up, house prices are stagnating. But is the Victorian economy doing as badly as it seems?

The early 1990s in Victoria were tough. The economy was contracting severely, the population was shrinking, employment was collapsing and the unemployment rate skyrocketed to the highest in the land.

The Conversation

Australia’s unemployment figures are a reason for joy – even if it means waiting for the next interest rate cut

I am not going to be sad if more people having a job means I’ll have to wait a few more months before my mortgage repayments drop

The Guardian - AU

Israel's Economy Faces Strain Amid Ongoing Conflict

Learn about the economic impact of Israel's conflict with Hamas and Hezbollah, including increased military spending, economic challenges, and U.S. financi...

Top News

Pumping the unemployed with weight-loss drugs echoes Victorian attitudes to the poor

Shifting blame to the victims of economic policy is an old trick by politicians. Now they’re using obesity to tackle joblessness

The Guardian - UK

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Fortune

Unemployed Brits will receive free Ozempic-style weight-loss shots to help them get jobs

Britain has apparently found a solution to the global unemployment crisis: Weight loss shots.

The Guardian - AU

Strong Australian jobs figures lower expectations of pre-Christmas interest rate cut

Unemployment rate in September was 4.1% – making it unlikely the Reserve Bank will cut interest rates this year

AAP

Melbourne, SE Qld lead way for new jobs figures

Data reveals the areas of Australia with the highest level of jobs growth in the year to August, according to an ABS analysis.

The Guardian - AU

Young Australians aged 18 to 21 can vote. They should also be paid an adult wage

Opponents say abolishing junior pay rates would drive up youth unemployment – but there’s little evidence for that claim

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The National (Scotland)

Scotland's unemployment rate now below UK-wide figure, new data shows

UNEMPLOYMENT in Scotland has dropped in the last quarter and is now below that of the UK as a whole, the latest figures indicate ...

Evening Standard

The number of people out of work in London rises to three year high

London now has the second highest unemployment rate of any region in the UK with only the north east ahead on 5.6%.

The Guardian - UK

Pay growth in Great Britain falls below 5%, making interest rate cut more likely

Gap between wages and inflation narrows in August, as UK unemployment rate dips to 4%

Evening Standard

Door opens wider to rate cuts as wages rise at slowest pace for more than two years

The unemployment rate continued to ease, falling to 4% in June to August, down from 4.1% in May to July.

The Guardian - UK

Global public debt to hit $100tn this year, says IMF, as economic uncertainty threatens financial stability and growth – as it happened

Rolling coverage of the latest economic and financial news, as IMF warns that future debt levels could be higher than currently projected

The Independent UK

Researchers say poverty and unemployment are up in Lahaina after last year's wildfires

A new study finds that unemployment and poverty are up and incomes are down among Maui wildfire survivors more than a year after a deadly blaze wiped out historic Lahaina

Fortune

Markets are finally believing Fed chair Jerome Powell will pull off his soft landing

"The general direction of U.S. employment signals an economy very far from 'recession,'" wrote UBS chief economist Paul Donovan.

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