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The Latest Breaking News from Unemployment

Trump's war in Iran is costing the U.S. economy 10,000 jobs a month, Goldman Sachs says

The bank sees the Iran-driven oil shock stripping 10,000 jobs a month from U.S. payrolls through year-end. Leisure, hospitality, and retail are hit worst.

Fortune

Iran Ceasefire Doubts Boost the Dollar

The dollar index (DXY00 ) today is up by +0.19%. The dollar is climbing today as doubts about whether a ceasefire in Iran will materialize weigh on stocks and boost safe-haven demand for the dollar. Also, today's decline in US weekly continuing unemployment claims to a 1.75-year low is a...

Barchart

New college grad unemployment will spike to 35% in 2 years, senator warns, forcing 'Dario, Sam' to quit AI fear-mongering

“If you take Dario, Sam, you take all the evangelists. I think they are literally consciously pulling back on their predictions,” Mark Warner said.

Fortune

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UK Government announces 80 new youth hubs to battle unemployment surge

Youth hubs bring together jobcentres, councils, employers and training providers to support those aged between 16 and 24.

Evening Standard

Australians can expect high fuel costs to linger for far longer than the war in Iran

Rising inflation and unemployment mean effects of Iran war could be even worse than the post-Covid cost-of-living crisis

The Guardian - AU

Workers around the world are scared. A massive new survey shows just how much

“AI is not like the weather,” ADP chief economist Nela Richardson says. “It is not just going to descend upon us.” In other words, it’s here.

Fortune

Britons more concerned about violence against women and girls than immigration, poll shows

Exclusive: Around nine in 10 adults say they are concerned about violence against women and girls – ahead of both immigration and unemployment

The Independent UK

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Chances of a Federal Reserve rate hike fade as inflation worsens

The jump in gas prices stemming from the war in Iran has had another impact that may also affect many Americans’ finances: Higher interest rates

The Independent UK

There must be more support for young people who are seeking jobs

Letters: Readers respond to articles on the causes and effects of youth unemployment

The Guardian - UK

People aged under 25: are you still looking for a job after a year of unemployment?

We are looking to speak to young people including university graduates, school leavers who didn’t go on to higher education, and those who took up apprenticeships

The Guardian - UK

I Asked ChatGPT Which States Are Ready To Face a Recession — The Answer Surprised Me

ChatGPT analyzed recession readiness by state, ranking North Dakota first while Colorado and Louisiana landed near the bottom due to weak fiscal reserves.

GOBankingRates

Unemployment total in London surges to equivalent of a city the size of Leicester

London’s jobless total has risen far faster than almost any other region since Labour came to power

Evening Standard

UK pay growth sinks to five-year low as younger workers hit by hiring slowdown

Unemployment holds steady, but Bank of England is unlikely to be convinced by ONS data to cut interest rates

The Guardian - UK

Fed leaves rates unchanged as Powell vows to stay on through DOJ probe

One Fed official dissented in favor of a quarter-point cut

The Independent UK

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AAP

Spike in jobless rate unlikely to end RBA hiking cycle

A rise in unemployment and a surge in hiring point to conflicting impulses in Australia's labour market, but conditions remain relatively tight.

Fortune

BlackRock CEO Larry Fink warns AI is creating a ‘crisis’ for Gen Z workers: the class of 2026 could face the highest unemployment in years—even without a recession

New college graduates hoping for a white-collar career shouldn’t hold their breath, BlackRock boss Larry Fink warns: “AI is going to disrupt many of those types of jobs.”

Euronews

Federal Reserve could signal pause in rate cuts as Iran war stokes inflation

The Federal Reserve is expected to hold interest rates steady and may signal it will not cut rates at all this year as the Iran war complicates the central bank's inflation outlook.

The Independent UK

Federal Reserve could signal no interest rate cuts this year in wake of Iran war

Fed Chair Jerome Powell is almost certain to announce Wednesday that the central bank has kept its key rate unchanged for the second straight meeting at about 3.6%

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Fortune

ServiceNow CEO says that new college graduate unemployment could reach 30% thanks to AI automation

Bill McDermott, the boss of $123 billion software giant ServiceNow, says it’s going to be hard for Gen Z workers to “differentiate themselves in a corporate environment” as AI takes over.

The Independent UK

Starmer’s new £1bn youth unemployment plan risks doing little for those not forced to search for work

The Institute for Fiscal Studies’ verdict comes after work and pensions secretary Pat McFadden set out scheme to encourage employers to hire young people

TechRadar

'So much of the work is going to be done by agents': ServiceNow CEO says graduate unemployment could reach 30% because of AI agents

90% of human customer service agent use cases can be replaced by AI, ServiceNow CEO Bill McDermott explains.

The Independent UK

UK government to launch £1bn plan to tackle youth unemployment

The £1billion package is due to be laid out on Monday, with the government aiming to create 200,000 jobs

Everybody Loves Your Money

Lost Your Job With No Savings? A 72-Hour Survival Plan

A job disappears in a single conversation, a short email, or a meeting that suddenly shifts the direction of an entire week. Paychecks stop, bills keep marching forward, and the brain starts racing through every possible worry at once. Panic wants to take the wheel immediately, but panic rarely solves…

Everybody Loves Your Money

Laid Off? 5 Moves to Make Before Your Next Mortgage Payment

Losing a job hits like a bolt from the blue, especially when that looming mortgage payment refuses to wait. The bills don’t care that your inbox just got a “we regret to inform you” email, and suddenly every number on your bank statement feels like a tiny heart attack. But…

The Guardian - UK

Give mayors more powers to tackle youth unemployment crisis, says Alan Milburn

Exclusive: Government’s work tsar warns that having young people not in work will create ‘long-term scarring effect’

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