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The Latest Breaking News from Unemployment

Russia’s economy boomed after the invasion of Ukraine—it’s now running out of steam

Record-low unemployment and ultra-hot inflation have put Russia “on the brink” of a recession, its economy minister said.

Fortune

Fed governor breaks ranks and says rate cuts could resume next month to prevent further cracks in the job market

“If you’re starting to worry about the downside risk to the labor market, move now, don’t wait,” Waller told CNBC.

Fortune

Nearly a quarter of Americans are ‘functionally unemployed’

The metric offers a broader snapshot of the labor market than the standard unemployment rate, which overlooks certain individuals.

Fortune

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Labour market stays tight despite surprise drop in jobs

The economy lost some jobs in May, confounding expectations, but the Reserve Bank will likely view it as noise not signs of a weakening labour market.

AAP

US unemployment claims dipped to 245,000 last week, hovering at historically low levels

The number of Americans applying for unemployment benefits dipped to 245,000 last week amid uncertainty over President Donald Trump’s trade policies

The Independent UK

'Purgatory:' Fed officials left in limbo as tariffs complicate this week's rate decision

The U.S. economy is mostly in good shape but that isn’t saving Federal Reserve chair Jerome Powell from a spell of angst

The Independent UK

Newly-minted grads only make up just 5% of the workforce but they’re playing an ‘oversized’ role driving up unemployment

Landing a job is only getting more difficult for graduates, potentially strengthening arguments from the likes of Jamie Dimon about focusing on job-ready skills as opposed to college degrees.

Fortune

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Spotlight on unemployment as jobs market loses heat

Jobs data is set to dominate the economic agenda in Australia, while onlookers expect the Federal Reserve to keep US interest rates on hold.

AAP

Women’s Prize winner slams ‘unbelievable’ NHS doctor unemployment

IN FULL

The Independent UK

Women’s Prize winner Rachel Clarke issues plea to Wes Streeting as NHS doctors face unemployment

Author and palliative care doctor won the literary award for her fourth book, ‘The Story of a Heart’

The Independent UK

Jobs out of reach: Why recent graduates are struggling to find their footing in this current labor market

Unemployment remains low, but those just entering the market are having an increasingly difficult time finding work.

Fortune

Recurring jobless claims spike to highest level since 2021 at 1.96 million

The numbers indicate unemployed people are taking longer to get back into the job market.

Fortune

US tech jobs are on the slide as AI snaffles entry-level jobs

Many traditional roles are being eliminated, and the market as a whole is declining.

TechRadar

Housebuilding and China trade hopes lift London stocks

Figures showed the unemployment rate rose slightly in the three months to April, as expected.

Evening Standard

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The Independent UK

Voices: Is Rachel Reeves a toxic influence in the workplace?

COMMENT : The number of job vacancies has taken a tumble just as the unemployment rate hits a four-year high – which is exactly what happens when you make it more expensive to take people on, says James Moore

The Independent UK

Unemployment up and vacancies down as firms stop replacing leavers

IN FULL

Euronews

UK unemployment rises to a four-year high as firms cut back on hires

Employers are hesitant to recruit more staff as they contend with a rise in payroll taxes and a bumped-up minimum wage.

Evening Standard

More than 100,000 payrolled jobs lost since "awful April" as higher NI rates kick in

London had the highest unemployment rate of any region at 6.4%

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The Guardian - UK

At least 250,000 jobs lost since Rachel Reeves’s autumn budget, data shows

Unemployment at highest level in nearly four years, with increase blamed on chancellor’s hike to businesses’ NICs

Evening Standard

FTSE 100 Live 10 June: M&S and Rolls-Royce shares rally, more rate cuts seen

Rolls-Royce, Marks Spencer and stronger oil and housebuilding stocks today left the FTSE 100 index on the brink of a new record close.

The Independent UK

Hiring slows across US amid uncertainty over Trump’s tariffs

The number of Americans applying for unemployment benefits has risen to the highest level in eight months

Reason

S. Ct. Rejects Wisconsin Unemployment Tax Exemption's Different Treatment of Proselytizing and Non-Proselytizing Religions

The government generally may not "distinguish[] among religions based on theological differences in their provision of services."

The Guardian - US

US supreme court backs Catholic charity group in unemployment taxes case

Catholic Charities had argued it should not be required to pay unemployment taxes

The Independent UK

Supreme Court sides with Catholic Charities in religious-rights case over unemployment taxes

The Supreme Court says a Catholic charity in Wisconsin doesn’t have to pay unemployment taxes in one of a set of religious-rights cases the justices are considering this term

The Independent UK

The number of Americans filing for jobless benefits last week rises to highest level in eight months

Filings for U.S. unemployment benefits rose to their highest level in eight months last week but remain historically low despite growing uncertainty about how tariffs could impact the broader economy

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