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The Latest Breaking News from Unemployment

Young and unemployed? Remote work, not AI, may be the problem, study finds

Remote work is making companies hesitant to hire young graduates. A New York Fed study shows this is a key reason for increased unemployment among recent college leavers. Businesses find it harder to train and mentor new staff remotely. This trend predates AI tools. The job market shows fewer layoffs…

The Economic Times

Remote work blamed for rise in unemployment rate for recent college grads

These findings align with the current ‘low-hire, low-fire’ state of the job market

The Independent UK

Stocks Set to Open Higher as AI Optimism Overshadows Fresh U.S.-Iran Hostilities, Jobs Data Awaited

June S&P 500 E-Mini futures (ESM26) are up +0.31%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.23% this morning as optimism surrounding artificial intelligence helped offset concerns about renewed U.S.-Iran tensions.

Barchart

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Richard Murphy: Are there too many unemployed young people? If so, it's on Labour

WHY are unemployment and alienation from the workplace such persistent problems among young people that they have consistently existed under…

The National (Scotland)

USD rate today: Check U.S Dollar against Euro, Yen, Sterling

U.S. nonfarm payrolls data due on June 5 are expected to show an unemployment rate of 4.3 per cent and an increase of 85,000 jobs.

The Economic Times

Forget the STEM safety net. Peter Thiel warns AI is a bigger threat to technical roles than to creative thinkers

A LinkedIn report supports some of the billionaire’s predictions, showing job postings mentioning “storytellers” doubled over the past year.

Fortune

The disaster of Brexit is a warning against simple solutions to hard problems

Alan Milburn says youth unemployment has no quick fixes – an idea with an important lesson for those thinking about how to rejoin the EU

The Guardian - UK

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Former M&S boss to help government address youth unemployment crisis

IN FULL

The Independent UK

Starmer hires ex-M&S chief to tackle youth unemployment crisis

Marc Bolland has been tasked with convening business leaders to help address the number of young people not in education, employment or training after a bombshell report revealed the problem costs £125billion a year

The Independent UK

Former M&S chief appointed to tackle UK youth unemployment crisis

Part of Marc Bolland’s government advisory role will be to help disabled or depressed young people to find training or job

The Guardian - UK

Putting the Bekaart before AI's racehorse: How widespread adoption of the tech can fill the nation with Kantian roaches

Artificial intelligence adoption threatens widespread job losses, wihch could devalue human work and necessitate government income support. India, aiming to be an AI hub, faces risks as its industrial workforce may be hobbled. There are threats of potential economic downturns if AI development falters, with millions facing unemployment.

The Economic Times

Rise in youth unemployment driving more to homelessness, UK charities say

Centrepoint warns young people facing ‘huge scarcity of work opportunities’ after Alan Milburn’s report on crisis

The Guardian - UK

Dollar Falls as Stocks Rally on Iran Deal Optimism

The dollar index (DXY00 ) on Friday fell to a 2-week low and finished down by -0.14%. The improving prospects for a US-Iran peace deal sparked a rally in stocks, reducing liquidity demand for the dollar. Also, Friday’s -1% fall in WTI crude oil to a 5-week low lowers inflation...

Barchart

UK government divided over minimum wage increase in face of youth jobs crisis

Exclusive: Some fear raising rate for people aged 18-20 will exacerbate unemployment while others point to lack of evidence

The Guardian - UK

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Barchart

Dollar Inches Higher on US Economic Strength

The dollar index (DXY00 ) today is up +0.02%. The dollar found some support today after the May MNI Chicago PMI rose more than expected at its strongest pace in 4.25 years. On the negative side for the dollar is the improving prospects for a US-Iran peace deal, which has...

Barchart

S&P Futures Gain on Hopes for U.S.-Iran Deal; Dell Pops on Blowout Earnings

June S&P 500 E-Mini futures (ESM26) are trending up +0.18% this morning as investors became more confident that the U.S. and Iran are nearing a deal.

The Independent UK

When Sue Tilley met Lucian Freud, it changed her life. Now a painting of her could fetch $47 million

Sue Tilley was working in an unemployment office when she met artist Lucian Freud

The Times of India

UK govt pledges 300,000 new work placements as NEET numbers top one million

The UK government has announced plans to provide 300,000 new work experience and training opportunities over the next three years as it seeks to tackle rising youth unemployment and economic inactivity.

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The Guardian - UK

Labour faces union backlash after minister says living wage extension to over-18s not certain before election – as it happened

Torsten Bell says Labour manifesto ‘did not set out the timeline’ for changes to living wage after scale of youth unemployment crisis revealed in Milburn report

MyLifeXP

Why Modi May Soon Remove These Deadwood Ministers

For years, Prime Minister Narendra Modi built an image of speed, discipline, and decisive governance. From infrastructure to global diplomacy, the Modi government projected confidence and control. But now, after more than a decade in power, a different conversation is slowly growing louder inside political circles has the government started…

The Independent UK

Five numbers that show the scale of the UK’s youth unemployment crisis

IN FULL

AAP

US jobless claims rise to 215,000 but layoffs remain low despite Iran war uncertainty

More Americans sought unemployment benefits last week, but layoffs remain low despite economic uncertainty caused by the Iran war

AAP

US jobless claims rise to 215,000 but remain low despite Iran war uncertainty

More Americans sought unemployment benefits last week, but layoffs remain low despite economic uncertainty caused by the Iran war

The Independent UK

The fall of entry-level jobs and the rise of a ‘bedroom generation’: Key takeaways from youth unemployment review

Alan Milburn’s review of youth unemployment lays bare the scale of the crisis affecting Britain’s young people. Here, The Independent runs through the report’s key findings

The Guardian - UK

Labour poised for fresh welfare changes after scale of youth jobs crisis revealed

Alan Milburn’s landmark report says unemployment among young costs UK £125bn a year and warns of ‘lost generation’

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