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The Latest Breaking News from Unemployment

TD Bank Group Sees Global Economy Slows In 2024; TD Economics Predicts Gradual Interest Rate Cuts Amid Cooling Inflation, Geopolitical Risks Persist. U.S. Experiences Soft Landing With 4.1% Unemployment And Fed Rate Cut To 3.25-3.50% By End Of 2025. Canada Sees Growth Boost From Population Gains, BoC Cuts Rates To 2.25-2.50% In 2025. Canadian Dollar Expected To Trade At $0.71-$0.73 U.S. Cents.

ECONOMIC SUMMARY AND OUTLOOKThe global economy remains on track for a modest slowdown in calendar 2024, as high interest rates continue to weigh on growth. Alongside slower growth, inflation across the G-7 has cooled,

Benzinga

US applications for jobless benefits rise last week but remain at low levels

The number of Americans applying for unemployment benefits rose last week but remains at historically healthy levels

The Independent UK

Belgium Makes History: New Law Grants Sex Workers Unemployment Benefits, Leave, and Pensions

Belgium grants sex workers full labour rights, including pensions and legal protections, in a historic move recognising their profession.

International Business Times UK

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Overhaul of official workforce data may take another two years, ONS admits

It said it is now ‘unlikely’ it will be able to introduce a revamped version of its Labour Force Survey in mid-2025.

The Independent UK

South Africa’s poverty relief grant should be increased rather than paid to be more people – economists explain why

South Africa’s unemployment rate stands at a staggering 33.5%, one of the highest in the world. Coupled with an alarming poverty rate – where more than half of the population lives on less than R1,558 (about US$88) a month – the socioeconomic landscape is dire.

The Conversation

Stock Index Futures Climb as Bond Yields Fall

December S&P 500 E-Mini futures (ESZ24) are up +0.31%, and December Nasdaq 100 E-Mini futures (NQZ24) are up +0.38% this morning as Treasury yields fell after cash trading resumed following the Thanksgiving holiday.

Barchart

The UK wants to guarantee work or training for all young people – first it needs good jobs

Nearly 1 million young people aged 16–24 – almost one in seven – are now classified as “Neet” (not in employment, education or training), according to the Office for National Statistics. The rate has risen steadily since 2022, and growth is concentrated among young men.

The Conversation

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Three ways the UK can get people working again – without punishing them

The UK government has put forward ambitious plans to reform the UK’s employment support system. Helping people to find, stay in and succeed at work is a complex policy area. With unemployment at historically low levels, the key issue driving these new reforms is the high number of people –…

The Conversation

Labour Promises 'Jobcentre In Your Pocket' With £55 Million Modernisation Initiative

Recent figures suggest that Britain is the only major economy to experience a fall in its employment rate in the last five years.

International Business Times UK

Number of Americans filing for jobless benefits falls again and hovers near 7-month lows

The number of Americans applying for unemployment benefits fell last week, remaining near seven-month lows

The Independent UK

Namibia's First Female Leader Contender In Presidential Election

Namibia's historic presidential election features Netumbo Nandi-Ndaitwah as a strong female contender addressing economic challenges and youth unemployment.

Top News

Namibia goes to polls amid anger at high unemployment rate

Swapo party could lose its majority for the first time since independence in 1990, if youth voter turnout is high

The Guardian - UK

What do businesses say the Budget means for the jobs market?

ANALYSIS: CBI boss Rain Newton-Smith said Labour chancellor Rachel Reeves’s Budget has hit businesses, forcing them to consider expenditure on staff. Howard Mustoe explains what that means for the jobs market

The Independent UK

Matt Gaetz's Wife Posts 'Unemployment Never Looked So Good' After Husband Confirms He Won't Return to Congress

There were questions about whether he would seek to return to his seat after dropping his bid to be Trump's Attorney General.

Latin Times

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International Business Times

Ginger Gaetz Posts 'Unemployment Never Looked So Good' After Husband Confirms He Won't Return To Congress

There were questions about whether he would seek to return to his seat after dropping his bid to be Trump's Attorney General.

Evening Standard

OPINION - The Standard View: Inflation – the incumbent killer – has still not entirely gone away

It is the incumbent killer, from Joe Biden to Rishi Sunak: inflation. Voters will put up with stubborn unemployment and low growth, but they absolutely hate rising prices. Labour has had the good fortune of coming to office as inflation had fallen back to target, a far cry from the…

The Conversation

How a failure to support youth who were once in care may be fuelling unemployment

Why do people attend college or university? While there are many reasons to do so, a widely accepted outcome of completing post-secondary education is increased opportunity. Gaining and keeping stable employment at a higher income than a high school graduate is significant.

The Guardian - AU

Does Trump’s US victory mean Albanese will lose the next Australian election?

The countries share a 4.1% unemployment rate. What other clues might indicate the political fate of Australia?

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Al Jazeera

Could weight loss drugs fix UK’s unemployment problem?

US pharmaceuticals group Eli Lilly is to conduct trials of its weight-loss drugs in the UK.

The National (Scotland)

SNP fact check BBC Scotland's Twitter post on unemployment rates

THE SNP have called out BBC Scotland after the broadcaster wrongly suggested that Scottish unemployment rates had risen ...

AAP

Australian shares edge higher, unemployment steady

The ASX200 was up almost half a per cent at midday, as financials staged a modest rebound after a weak performance on Wednesday.

The Guardian - AU

Steady Australian unemployment rate makes near-term interest cut unlikely

The jobless rate in October was 4.1%, according to the Australian Bureau of Statistics

The Guardian - AU

It’s time for the RBA to admit its fears of a wage-price spiral were misguided – and cut interest rates

It is quite infuriating now, as we look back with total hindsight at the Reserve Bank’s concerns

The National (Scotland)

Scotland’s unemployment rate falls as UK sees increase

SCOTLAND’S unemployment rate fell by 1.1 percent in the third quarter of 2024, new figures have shown ...

Evening Standard

London unemployment jumps to its highest rate in more than three years

The jobless rate has been rising more quickly in London than in other regions over recent months

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