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The Latest Breaking News from Unemployment

Jobless rate rises to 5.1% as wage growth slips back further

The Office for National Statistics said the rate of unemployment rose to 5.1% in the three months to October – the highest since early 2021.

Evening Standard

FTSE 100 Live 16 December: Rate cut seen as jobs market weakens, Brent Crude below $60

The rate of unemployment has risen to its highest level in almost a decade outside the pandemic as employers continue to shed jobs.

Evening Standard

Unemployment rises in US and UK, adding to pressure to cut interest rates – as it happened

Rolling coverage of the latest economic and financial news, as US non-farm payrolls rise by 64,000 in November but shrink by 105,000 in October

The Guardian - UK

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Employers likely added 40,000 jobs in November as government releases report delayed by shutdown

The U.S. job market is sluggish and confusing this fall

The Independent UK

Young people bearing brunt of UK jobs downturn, thinktank warns

Resolution Foundation report comes in week when data is expected to show October unemployment rise

The Guardian - UK

Latin America's Unemployment Falls to 15-Year Low, but Structural Gaps Persist, International Labour Organization Reports

Informality continues to dominate labor markets in the region, affecting 46.7 percent of all workers—nearly one in two people employed

Latin Times

US jobless benefit applications jump to 236,000, but continuing claims are lowest since April

The number of Americans applying for unemployment benefits jumped last week, but the total number of those collecting benefits fell to the lowest level in eight months

The Independent UK

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Mixed employment report won't make RBA's job any easier

Unemployment and jobs growth figures for November tell differing stories about the strength of the labour market, providing little clarity for the Reserve Bank.

AAP

Fed’s expected rate cut today is less about stimulating the economy and more about protecting the jobs market from ‘shattering’

A cut is something of an “insurance policy against a shattering of the U.S. labor market,” UBS chief economist Paul Donovan said.

Fortune

Red Dead Redemption 2 fan tests Rockstar's historical accuracy by conducting a literal census in the open-world game, concludes it's "a pretty amazing representation" of the era

Even the unemployment rate isn't too far off

GamesRadar

With millions of Gen Zers unemployed globally, the U.K. is investing $965 million to get young people working in AI, hospitality, and engineering

Over the next three years, the U.K. government will spend nearly $1 billion getting Gen Z NEETs back into the workforce. Meanwhile, young Americans face unprecedented joblessness.

Fortune

Britain's 'Lost Generation': Nearly One Million Young People to Get £820m Rescue Plan

Britain launches an £820m rescue plan to support nearly 1 million young people with jobs, training and work experience to tackle the growing 'lost generation' crisis.

International Business Times UK

Government unveils £820m jobs plan to tackle youth unemployment crisis

IN FULL

The Independent UK

Jobless youngsters to be offered work in construction and hospitality – and could lose benefits if they say no

Guaranteed jobs provided for up to 55,000 people from spring 2026, under new government plans

The Independent UK

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Axios

The weak-but-not-disastrous November jobs picture

ADP reported that private-sector employment fell by 32,000 jobs in November.

Barchart

Dollar Gains on Positive US Jobless Claims News

The dollar index (DXY00 ) on Thursday rose by +0.17%. The dollar recovered from a 5-week low on Thursday and moved higher after US weekly initial unemployment claims unexpectedly fell to a 3-year low, which was hawkish for Fed policy and positive for the dollar. The dollar initially fell to...

Fortune

‘Godfather of AI’ says Bill Gates and Elon Musk are right about the future of work—but he predicts mass unemployment is on its way

While tech leaders paint a positive future where work is optional thanks to AI, the ‘Godfather of AI’ Geoffrey Hinton warns they’re “betting on AI replacing a lot of workers.”

Barchart

Dollar Supported by Higher T-Note Yields

The dollar index (DXY00 ) today is up by +0.02%. The dollar today recovered from a 5-week low and moved slightly higher after US weekly initial unemployment claims unexpectedly fell to a 3-year low, which was hawkish for Fed policy and positive for the dollar. The dollar initially fell to...

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The Independent UK

US unemployment claims fall to lowest level since September 2022

The U.S. job market appears stuck in a ‘low-hire, low-fire’ state that has left those out of work struggling to find a new job

International Business Times UK

3 in 10 US Firms Slash Jobs Before Christmas, Leaving 1.1M Americans Facing 'Brutal' Holiday Unemployment

Nearly a third of US companies plan holiday layoffs despite admitting cuts could wait, amid a year that has already seen over 1.1 million job losses and widespread executive bonuses.

Benzinga

AI Isn't Just Replacing Workers. It Is Also Making College Degrees Less Valuable And Can Leave Recent Graduates With 'Long-Lasting Scars For Decades'

Artificial intelligence has been replacing workers, and that can make colleges less valuable. CNBC detailed in a video released on YouTube that covers how AI is impacting recent graduates and how it can affect the economy.

Benzinga

Grant Cardone Argues College Isn't Worth The Investment, Citing '$1.7 Trillion Of Wasted Unforgivable Debt'

Real estate investor Grant Cardone recently questioned the value of a college education by approaching it as an underperforming asset, saying that it has led to "$1.7 trillion of wasted unforgivable debt."

Benzinga

Americans Feel Bleak Despite Strong Economy — Here's Why

American consumers are seriously depressed, even as key economic data looks solid. A surprisingly deep gloom now dominates U.S. households, even as unemployment, inflation and wage trends suggest households should feel stronger than they have in years.

The Conversation

Immigration panic comes in waves. Data shows who worries most, and when

There are several predictable cycles in Australian public opinion, and one of them is the moral panic surrounding immigration.

The Guardian - UK

UK factory sector grows for first time in a year despite budget uncertainty; Airbus shares slide amid A320 problems – as it happened

Rolling coverage of the latest economic and financial news

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