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The Latest Breaking News from Unemployment

Number of Americans filing for unemployment benefits rises to 242,000, highest level in 3 months

Applications for U.S. jobless benefits rose to a three-month high last week but remained within the same healthy range of the past three years

The Independent UK

Trump's Ruthless Workforce Cuts Put 200,000 US Disabled and Sick Veterans' Livelihoods in Peril

Veterans Affairs workers warn that the Trump administration's cuts to the federal workforce will have destructive consequences on U.S. veterans looking to access care.

International Business Times UK

Sightly more Americans apply for unemployment benefits last week, but layoffs remain relatively low

Slightly more Americans applied for jobless benefits last week, but layoffs remained in the same recent healthy range

The Independent UK

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Robust job data unlikely to spook Reserve Bank on rates

Ongoing tightness in the labour market won't overly concern the Reserve Bank in its fight against inflation, says one economist after surprising jobs figures.

AAP

Unemployment rate in London is worst in UK, with more than 1.3m adults 'economically inactive'

Revealed: the London MPs with most constituents claiming unemployment benefits

Evening Standard

6 in 10 young South Africans have no jobs. Why some still reject offers of work

South Africa has one of the highest unemployment rates in the world. The official rate is 32%, rising to 42% when discouraged job seekers are included. Among young people aged 15 to 24, unemployment reaches a staggering 60%. While much attention has focused on youth exclusion from the labour market…

The Conversation

The RBA is cutting interest rates and unemployment is at historic lows. This is not supposed to be happening

There is a long path back to recovering our lost living standards, but now we can have some hope that the worst is behind us

The Guardian - AU

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Economic ‘green shoots’ and lower interest rates disguise worrying trends in NZ’s job market

Despite Prime Minister Christopher Luxon’s reassurance that “some green shoots” are starting to show in the economy, including a 50 point cut in the official cash rate expected to be announced later today, the outlook for 2025 remains uncertain for many – and grim for some.

The Conversation

Wages slowdown boosts case for more rate cuts

Treasurer Jim Chalmers says ongoing growth in real wages is a good thing, but the RBA will be more encouraged that wage rises are showing signs of slowing.

AAP

Unemployment has risen in Scotland, new figures show

Unemployment in Scotland has risen in the last quarter, new figures show.

The National (Scotland)

Wage growth accelerates in blow to interest rate cut hopes

But the jobs market continued to soften with nearly 50,000 more people looking for work and the unemployment rate rising by 0.1% to 4.4%.

Evening Standard

UK pay growth rises 6% despite job loss warnings after Reeves’s budget

Unemployment rate unchanged in three months to December, while vacancies increased in January

The Guardian - UK

FTSE 100 Live 18 February: BT downgrade hits shares, wage growth accelerates

An acceleration in wage growth today dealt a setback to hopes for faster cuts in interest rates.

Evening Standard

Australia's Central Bank Cuts Interest Rate Amid Cooling Inflation

Reserve Bank of Australia cuts interest rates due to cooling inflation, balancing demand and supply. Unemployment remains low, but global uncertainties per...

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The Guardian - UK

How Spain’s radically different approach to migration helped its economy soar

As immigration has increased, GDP has surged and unemployment has fallen to lowest level since 2008

The Conversation

Canadian immigrants are overqualified and underemployed — reforms must address this

Recent immigration reforms in Canada have cut international student and temporary resident numbers, restricted work permits for them and their spouses and aim to reduce permanent resident admissions by 21 per cent in 2025, with further cuts ahead.

The Guardian - UK

Chill of inflation threatens Britain again after Europe’s long, hard winter

Demand for fuel has pushed gas prices up – but peace in Ukraine could flood the market and change everything

The Independent UK

The number of Americans seeking jobless benefits falls as employers continue to hold on to workers

U.S. applications for unemployment benefits fell last week as employers continue to retain workers despite resurgent inflation and elevated interest rates

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The Independent UK

Mobile Jobcentre vans at football clubs, mosques and retail parks to get people ‘back into work’

The vans, dubbed mobile jobcentres, are being tested as an ‘inclusive’ way to get people into work

Evening Standard

Jobcentre vans to visit football clubs and retail parks to drive down unemployment

The vans, dubbed mobile jobcentres, are being tested as an “inclusive and accessible” way to encourage people into work.

The Independent UK

Little to no relief from high borrowing costs expected as Fed Chair Powell heads to the Hill

The odds of further interest rate cuts this year by the Federal Reserve dwindled last week as unemployment fell and more officials say they want to see how new policies from the White House affect the economy

TechRadar

IT unemployment hits new high as AI threat continues

Tech layoffs rose from 3.9% to 5.7% in one month, but it could just be that companies are faced with new year budgets.

Barchart

Crude Prices Supported by US Economic Strength

March WTI crude oil (CLH25 ) Friday closed up +0.39 (+0.55%), and March RBOB gasoline (RBH25 ) closed up +0.0303 (+1.46%). Crude oil and gasoline prices Friday posted moderate gains on signs of US economic strength after the Jan unemployment rate unexpectedly fell to an 8-month low of 4.0%. Also,...

Kiplinger

January Jobs Report Keeps Rates on Pause: What the Experts Are Saying

Solid labor market conditions point to the Fed maintaining a cautious stance on borrowing costs.

Barchart

Crude Slightly Higher on US Economic Strength

March WTI crude oil (CLH25 ) today is up +0.23 (+0.33%), and March RBOB gasoline (RBH25 ) is up +0.0237 (+1.14%). Crude oil and gasoline prices today are moving higher on signs of US economic strength after the Jan unemployment rate unexpectedly fell to an 8-month low of 4.0%. Also,...

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