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The Latest Breaking News from Unemployment

40% unemployment and a 3-day work week: they're the same thing, top economist says

If you really want that three-day work week you've been hearing about, you may want to reconsider your skepticism, even hatred, of AI, Alex Tabarrok says.

Fortune

Donald Trump’s US ratings fall to a record low amid Iran war

United States President Donald Trump’s net approval has fallen to a record low on the Iran war, while Democrats had a 25-point swing in their favour in a federal special election. On current polling, Democrats are likely to win the US House but not the Senate at midterm elections this…

The Conversation

Is Australia headed for a recession? I hope not - but the RBA should be more worried

In backing down on his threats to destroy Iranian civilisation, Donald Trump has lessened concerns of a recession in Australia – at least for now

The Guardian - AU

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Canada and Mexico must work together to help Cuba survive its dire humanitarian crisis

The people of Cuba are facing an unprecedented humanitarian crisis due to the United States government’s energy blockade of the island nation. Although a Russian oil tanker recently passed through the blockade to deliver much-needed fuel, daily life remains precarious for ordinary Cubans, who are facing unemployment and shortages of…

The Conversation

Top economist Mark Zandi says the indicator that has called every recession since WWII just signaled we're already in one

The Vicious Cycle Index is a recession indicator that takes labor force participation changes into consideration. The top economist at Moody’s Analytics said it’s flashing red.

Fortune

Spain breaks jobs record with 22 million Social Security contributors

Spain's Social Security enrolment hit an all-time high in March, boosted by Easter Week, after more than 211,000 jobs were added and unemployment edged lower.

Euronews

Labor market turns upside down as the economy can shed jobs and still keep unemployment low amid immigration reversal

“Real-time data point to an important change in the U.S. labor market: The benchmark for evaluating payroll growth has moved significantly.”

Fortune

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Call it America's yo-yo job market

The labor market added nearly three times as many jobs as economists anticipated. But it fits into a bumpy pattern that has defined the jobs market for months.

Axios

The jobs report looks good ‘for the wrong reasons,’ top economist warns: It’s hiding how many Americans are giving up

The strong March number takes rate cuts off the table, and lets the Fed focus squarely on inflation.

Fortune

U.S. employers added a surprisingly strong 178,000 jobs last month, rebounding from a weak February

American employers added a surprisingly strong 178,000 new jobs last month, rebounding from a dismal February

The Independent UK

US jobs market surpassed expectations in March but February losses were worse than first reported

Employers added 178,000 new jobs in March and unemployment rate fell to 4.3%, ahead of economists’ predictions

The Guardian - US

Perplexity CEO Aravind Srinivas Says Losing Your Job To AI Is ‘Fine’

Artificial intelligence is already changing the workplace, but a recent comment by Perplexity CEO Aravind Srinivas has sparked a fierce debate online. The Indian-origin entrepreneur, who founded Perplexity in 2022, suggested that losing jobs to AI may not be as bad as many people fear. His comments have divided people…

Times Life

A Wall Street vet’s Walmart recession indicator just hit its highest point since 2008—and he says the fear ‘just keeps multiplying’

Jim Paulsen’s “Walmart Recession Signal” has tracked closely with downturns in real GDP growth and unemployment spikes.

Fortune

Stock Index Futures Rally on Prospect of End to Middle East Conflict, U.S. Economic Data and Fed Speak in Focus

June S&P 500 E-Mini futures (ESM26) are up +1.02%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.94% this morning as sentiment got a boost after President Trump reportedly told aides he was willing to end the U.S. military campaign against Iran.

Barchart

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Barchart

Dollar Supported by Iran War and Slumping Stocks

The dollar index (DXY00 ) on Thursday rose by +0.35%. The dollar rose on Thursday as doubts about whether a ceasefire in Iran will materialize weighed heavily on stocks and boosted safe-haven demand for the dollar. Also, Thursday’s decline in US weekly continuing unemployment claims to a 1.75-year low is...

Fortune

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.

Barchart

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...

Fortune

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.

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Evening Standard

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.

The Guardian - AU

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

Fortune

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.

The Independent UK

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

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 Guardian - 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

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