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The Latest Breaking News from Unemployment

Amid ‘instability and fear’ in Trump’s economy, Americans are cutting holiday spending

In addition to rising prices and tariffs, readers cite growing unemployment as a reason not to exchange gifts this year

The Guardian - US

Four claims from the 2025 Budget debate fact checked

Full Fact takes a look at claims about tax thresholds, NHS appointments, unemployment and house building.

Evening Standard

Budget ‘papers over cracks’, say economists as UK growth forecasts downgraded

The Office for Budget Responsibility also pointed to a worsening short-term picture for inflation and unemployment.

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

Mortgage and unemployment rates: 5 economic trends we're thankful for

The unemployment rate has been below 4.5% for 47 consecutive months, nearly four years.

Axios

Fewer Americans sought unemployment benefits last week as layoffs remain low

The number of Americans applying for unemployment benefits declined last week in a sign that layoffs remain low, even as several high-profile companies have announced job cuts

The Independent UK

UK faces higher inflation and record tax burden in bleak new forecast

Leaked forecasts from the Office for Budget Responsibility (OBR) predict higher inflation and unemployment for the UK in 2025 and 2026 than previously expected. The OBR also indicated that economic growth will be weaker from 2026 until the end of the current Labour government, with the tax burden continuing to…

The Independent UK

Inflation and unemployment forecasts hiked as tax burden to hit record – OBR

It came as the UK’s official forecaster also reported that economic growth will be weaker than expected from 2026.

The Independent UK

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Remote and hybrid work can boost employment, says UK parliament report

Parents, carers, and people with disabilities stand to benefit most from more flexible work options, according to a new UK parliament report, as unemployment is rising in the UK.

Euronews

Business backlash as Reeves confirms minimum wage pay rise hike for millions of workers

The chancellor said the move would mean those on low incomes were ‘properly rewarded’ - but businesses warned the move could drive unemployment and hit economic growth

The Independent UK

One-Fourth Of America's Unemployed Are Now College Grads— Chamath Palihapitiya Warns Student Loans Are Fueling The Crisis

A disturbing shift in the American labor market—dubbed a “white-collar slowdown” has pushed the share of unemployed college graduates to record highs, prompting venture capitalist Chamath Palihapitiya to demand a drastic overhaul of federal student lending.

Benzinga

Amazon's layoffs and leaked AI plans beg the question: Is the era of robot-driven unemployment upon us?

As Amazon doubles down on automation, the tech giant’s vision for “collaborative robots” sparks debate over the future for both blue-and white-collar workers—and what’s truly at stake for its massive workforce.

Fortune

Rate cut a shoo-in as Kiwi economy searches for spark

With an economy shrinking and unemployment at eight-year highs, New Zealand's central bank is all but certain to cut rates at its last meeting of the year.

AAP

Key economic data and trends that will shape Rachel Reeves’ Budget

Government borrowing for the current financial year is the highest on record outside the Covid-19 pandemic.

Evening Standard

A survival guide for moving to Sydney: 100-person flat viewings and shark alarms

The cold has finally hit and unemployment is soaring. How to escape London’s winter doom? Move to Sydney like all the other Brits, of course. Katie Strick has an insider’s guide

Evening Standard

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Fortune

Why Nvidia stock is being punished after a blockbuster earnings report

Nvidia investors sold upon hearing good news, while everyone else is buying into a Fed rate-cut scenario.

Benzinga

ETF Diet Leans Defensive — Less Froth, More Safety As Jobless Rate Hits 2021 High

The latest jobs report has put the ETF market into a dilemma. With the unemployment rate rising to 4.4%, the highest level since October 2021, and December rate-cut odds shrinking to 28%, trimming risk and loading up on steadier, low-beta staples may prove to be a prudent move.

Benzinga

Top Economist Warns September Jobs Report Is Warning To 'Cut Back On The Economic Junk Food'

Despite a September jobs report that saw the U.S. economy add 119,000 positions—more than double the expectations of forecasters—top economist Justin Wolfers is urging caution, warning that rising unemployment signals it is time for the country to “cut back on the economic junk food.”

Barchart

Stocks Reverse Sharply Lower as Tech Stocks Get Crushed

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed down by -1.56%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down by -0.84%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down by -2.38%. December E-mini S&P futures (ESZ25 ) fell -1.56%, and December...

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Barchart

Dollar Pressured by Mixed US Labor News

The dollar index (DXY00 ) on Thursday fell from a 5.5-month high and finished down by -0.04%. The dollar whipsawed lower Thursday after US Sep nonfarm payrolls rose more than expected but the Sep unemployment rate unexpectedly ticked up to a nearly 4-year high, bolstering expectations that the Fed may...

Fortune

Unemployment could hit 25% among recent grads and trigger 'unprecedented' social disruption thanks to AI, U.S. senator warns

AI could create a generation further burdened with student loan debt—and no job to repay it, according to Sen. Mark Warner.

Barchart

Stocks Reverse Course as Nvidia Earnings Rally Fades, VIX Spikes

The S&P 500 Index ($SPX ) (SPY ) today is off by -0.19%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down by -0.21%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is lower by -0.49%. December E-mini S&P futures (ESZ25 ) are down -0.43%, and December...

The Guardian - UK

UK is worst-performing market for JD Sports as youth unemployment hits sales

Lack of spare cash among under-25s feeds slide in sales with annual profits to be at lower end of expectations

Barchart

Dollar Slips on Signs of US Labor Market Weakness

The dollar index (DXY00 ) today fell from a 5.5-month high and is down by -0.04%. The dollar whipsawed lower today after US Sep nonfarm payrolls rose more than expected but the Sep unemployment rate unexpectedly ticked up to a nearly 4-year high, bolstering expectations that the Fed may still...

Barchart

Stocks Soar on Robust Nvidia Earnings

The S&P 500 Index ($SPX ) (SPY ) today is up by +1.74%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up by +1.40%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +2.09%. December E-mini S&P futures (ESZ25 ) are up +1.75%, and December...

Kiplinger

The Delayed September Jobs Report Is Out. Here's What It Means for the Fed

The September jobs report came in much higher than expected, lowering expectations for a December rate cut.

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