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The Latest Breaking News from Unemployment

Unemployment rate rises but pay growth picks up again – ONS

The number of payrolled employees was estimated to have fallen by 47,000 during December to 30.3 million – the biggest drop since November 2020.

Evening Standard

UK unemployment rate rises but pay growth surges to outstrip inflation

Pay rose more than five per cent in the three months up to November

The Independent UK

FTSE 100 Live 21 January: Car loan move boosts Lloyds, wage growth accelerates

A boost to living standards after wage growth accelerated to 5.6% has been offset by signs of a cooling labour market.

Evening Standard

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Lifting unemployment benefit found to slow job hunting

Increasing the rate of welfare payments discourages unemployed people from looking for work, but that doesn't mean it's bad policy, a study has found.

AAP

‘I know someone in a warehouse with a master’s degree’: how to break the cycle of youth unemployment

The number of young people without jobs is poised to tip 1 million, unless proper steps are taken to help them find work and secure their – and Britain’s – future

The Guardian - UK

Why the RBA should rethink key inflation assumption

The strength of Australia's labour market has kept the Reserve Bank from cutting interest rates but growing evidence suggests it's not as crucial as thought.

AAP

Australia’s unemployment rate rises to 4% but uncertainty now lingers over expected RBA cut

The jobless rate in December was 4%, according to the Australian Bureau of Statistics

The Guardian - AU

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Strong jobs growth data deflates February rate cut hope

A very healthy jobs market is not adding to the case for a February interest rate cut, with all eyes turning to inflation data due in coming weeks.

AAP

Washington Democrat Proposes Bill To Protect Unemployed Illegal Immigrants

Washington state Democrat introduces bill to provide unemployment assistance to illegal immigrants, addressing systemic inequities and stabilizing the work...

Top News

Blowout December Jobs Report Puts Rate Cuts on Ice: What the Experts Are Saying

The strongest surge in hiring since March keeps the Fed on hold for now.

Kiplinger

US sees unemployment drop further after strong jobs report from the holidays

U.S. hiring picked up unexpectedly in December as employers added 256,000 jobs, another sign of the economy’s resilience in the face of high interest rates

The Independent UK

Jobs Report: Solid Hiring, Lower Unemployment Will Keep The Fed On Hold; S&P 500 Falls

The jobs report showed a surprise pickup in payroll gains while the unemployment rate fell. S&P 500 futures fell.

Investors Business Daily

All Eyes On Final Jobs Report For 2024: What To Expect In 2025

The slowdown in labor market is due to the post-pandemic recovery, job growth in a few industries, high interest rates, tech advances, and uncertainty about the economy, global events, President-elect Donald Trump's potential policies.

International Business Times

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Barchart

S&P Futures Gain With Focus on U.S. PMI Data and Fed Speak

March S&P 500 E-Mini futures (ESH25) are trending up +0.29% this morning, indicating an attempt by the benchmark index to snap a five-session losing streak, while investors awaited U.S. manufacturing data and remarks from a Federal Reserve official.

The Independent UK

US unemployment claims fall to 211,000, the lowest level since March

The number of Americans applying for unemployment checks dropped last week to the lowest level since March, suggesting that most workers enjoy unusual job security

Barchart

Dollar Weakens on Mixed US Labor Market News

The dollar index (DXY00 ) Thursday fell by -0.13% in thin holiday trade. An increase in US weekly continuing unemployment claims to a 3-year high raised concerns about labor market strength and weighed on the dollar. The decline in T-note yields from early highs Thursday also undercut the dollar. In...

Salon

It's taking longer for some to find jobs

Nearly half of unemployed Americans have been job hunting for more than 15 weeks

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The Conversation

What does 2025 hold for interest rates, inflation and the American consumer?

Brian Blank is a finance scholar and Fed watcher who researches how companies navigate downturns and make financial decisions, as well as how markets process information. Brandy Hadley is a finance professor who leads a student-managed investment fund and studies corporate decision-making and incentives. Together, they’re also the resident economic…

The Independent UK

US applications for unemployment benefits hold steady, but continuing claims rise to 3-year high

The number of Americans applying for unemployment benefits held steady last week, though continuing claims rose to the highest level in three years

The Conversation

Is university worth it? Yes, for both students and society

As we enter the holiday season many young people are no doubt beginning to consider their future options. With a range of paths to pursue, a high rate of youth unemployment in Canada and a higher education sector facing unprecedented challenges it may seem logical to wonder if university is…

Dynamite News

Youth Congress protest against unemployment in Jaipur; Police lathicharge

This demonstration has been named 'Naukri Do, Nasha Nahi' campaign, in which Congress leaders are targeting Bhajanlal government while giving speeches. Read further on Dynamite News:

The Independent UK

Number seeking unemployment drops right before holidays after big jump a week ago

The number of Americans applying for unemployment benefits fell markedly last week following a big increase the week before

Investors Business Daily

Dow Jones Rebounds 450 Points After Surprise GDP, Jobless Claims; AI Chip Giant Micron Plunges

The Dow Jones rebounded 450 points Thursday on strong GDP and weekly unemployment numbers. AI chip giant Micron plunged on earnings.

Kiplinger

Fed Sees Fewer Rate Cuts in 2025: What the Experts Are Saying

The Federal Reserve cut interest rates as expected, but the future path of borrowing costs became more opaque.

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