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The Latest Breaking News from Unemployment

Anthropic pledges more than €170 million to study AI's impact on jobs

Anthropic unveiled a research fund and a policy roadmap for governments to follow if AI pushes unemployment sharply higher, with the CEO suggesting taxes on AI firms could one day fund a universal basic income.

Euronews

South Africa’s jobs crisis: what 10 years of tax data tells us

It’s time South Africa faced up to an honest question: what if the formal economy can’t deliver the jobs that are needed?

The Conversation

Britain's Underemployment Problem: Why More Graduates Are Finding Jobs but Not Careers

Unemployment isn't the only challenge for UK graduates. Underemployment leaves many stuck in low‑paid, unstable jobs despite their degrees.

International Business Times UK

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UK’s biggest retailers urge government to act on youth unemployment

Bosses of M&S, Sainsbury’s and Tesco among those writing to Starmer that the ‘ladder of opportunity’ is wobbling

The Guardian - UK

‘Young people aren't snowflakes and shirkers', insists minister as youth unemployment crisis sweeps London

The capital's youth unemployment rate is the highest in the country at almost 25%

Evening Standard

New economic forecast paints bleak picture for UK unemployment and growth

IN FULL

The Independent UK

UK Unemployment Set to Reach Highest Level Since 2015 as Iran Conflict Adds Pressure to Economy

The Confederation of British Industry forecasts UK unemployment to rise to 5.5%, the highest since 2015, due to rising costs, weaker growth, and global instability.

International Business Times UK

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Growth to slow and unemployment to jump to two million, says CBI

The Confederation of British Industry warned that around 200,000 more Britons were on track to become unemployed.

The Independent UK

South Africa’s anti-migrant campaigns use the language of democracy: why that’s dangerous

Anti-migrant campaigns in South Africa are increasingly being framed as acts of community protection. Protesters present their efforts as a response to community concerns about crime, unemployment and failing public services.

The Conversation

M&S launches training scheme for 1,000 young adults to tackle unemployment

A key review warned of a ‘lost generation’ as more than a million young people are not in employment, education or training

The Independent UK

Nearly 2 Million Americans Have Been Out of Work for Over Six Months, the Highest Toll Since 2021

Long-term unemployment in the US has climbed to its highest level since December 2021, with nearly 2 million out of work for six months or more despite a strong May jobs report.

International Business Times UK

Don't be fooled. JobSeeker's new look is still hiding some nasty business

The core problem remains untouched.

The Canberra Times

Trump Says Black Unemployment Was at a Record Low, Then Admitted He Had 'No Idea Where the H*ll' the Statistic Came From

At a Wisconsin farm event, President Trump claimed Black unemployment was at a historic low, yet admitted uncertainty about the statistic's origin, contradicting federal data showing a higher rate.

International Business Times UK

America In Focus: US job market is rebounding, but economic frustration persists

U.S. employers added a surprising 172,000 jobs in May as the labor market continued to show resilience in the face of rising costs from the Iran war

AAP

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Fortune

Gen Z is ditching college for ‘more secure’ trade jobs—but boilermakers and welders actually rank among the worst entry-level jobs

Trade jobs have been rebranded as a shortcut to six-figure salaries, without student debt, and immunity from automation. But Gen Z could be walking into a trap: high unemployment rates, unhappiness, and automation risks.

AAP

US jobs notch third straight month of solid growth

The unemployment rate in the United States has held at 4.3 per cent for a third consecutive month, government statistics indicate.

Radio France Internationale

South Africa unrest grows as migrants become ‘scapegoats’

South Africa is once again facing a rise in anti-migrant tensions, with vigilante groups reportedly going door to door demanding that undocumented foreign nationals leave the country by the end of June. Post-apartheid specialist Cécile Perrot tells RFI the violence reflects deeper social and economic problems and that migrants have…

The Guardian - US

US added 172,000 jobs in May as labor market shows signs of resilience

Government figures show unemployment rate at 4.3% amid rising inflation and economic uncertainty from Iran war

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The Independent UK

America’s job market has a surprising problem: Nobody’s hiring, nobody’s firing

While unemployment is projected to hold steady at a low 4.3% in May, according to FactSet, the pace of job creation remains significantly slower than the boom experienced in the wake of pandemic lockdowns

Fortune

Trump promised deportations would protect American jobs. Brookings said ICE raids have cost the economy over 668,000 of them

A recent study from Brookings found that ICE arrests shocked local economies and drove unemployment.

The Independent UK

The US just had its highest number of people file for unemployment benefits since the Iran war started

The war in Iran has injected significant uncertainty into the broader US economy and its labor market

AAP

US jobless aid filings, a proxy for layoffs, hit highest level since Iran war began in February

The number of Americans filing for jobless aid hit their highest level in four months last week, but layoffs remain historically low despite ongoing economic uncertainty brought on by the war in Iran

TechRadar

AI is getting too much of the blame for graduate hiring prospects, and there could be a job perk that is actually behind it all

New York Federal Reserve Bank data shows that graduate unemployment started rising before AI was really a thing.

Kiplinger

May Jobs Report Comes In Hot, Keeps Fed Focused on Inflation

The May jobs report was released Friday morning and came in much higher than economists expected..

The Conversation

The graduate job market is grim right now – but the data says university is still worth it

Spend ten minutes talking to a soon-to-be graduate about their job search and you might come away convinced that a university degree has become a confidence trick.

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