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The Latest Breaking News from Unemployment

UK chancellor pledges 'youth guarantee' for Gen Zers 18 months out of work: a job, a trade, or college placement

The Labour Party looks to wrangle in high youth unemployment after a historic low in 2022.

Fortune

BLS Data Halts, But Chicago Fed Sees Steady 4.34% Unemployment: Private Sources Flag 'Low Fire, Low Hire' Holiday Risk

As the U.S. government shutdown suspends Bureau of Labor Statistics (BLS) data releases, including the critical September jobs report scheduled for Friday, the Chicago Fed has stepped in with a final real-time forecast, predicting a steady unemployment rate of 4.34% for September 2025, based on 11 job market indicators.

Benzinga

US economy is already on the edge – a prolonged government shutdown could send it tumbling over

The economic consequences of the current federal government shutdown hinge critically on how long it lasts. If it is resolved quickly, the costs will be small, but if it drags on, it could send the U.S. economy into a tailspin.

The Conversation

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Debt by diagnosis: Health problems drive German households into debt

A new report finds health-related problems now account for nearly one in five overindebtedness cases in Germany, outpacing unemployment and divorce.

Euronews

Federal shutdown cuts off economic data vital to policymakers and investors

The government shutdown will deprive policymakers and investors of economic data vital to their decision-making at a time of unusual uncertainty about the direction of the U.S. economy

The Independent UK

The RBA seems unlikely to do another rate cut – meaning they’re betting the economy is better than the data says

Michele Bullock doesn’t think our current cash rate is ‘very restrictive’. Do the figures back her up?

The Guardian - AU

350K Michigan Workers Ordered to Repay Covid Jobless Benefits After $2.7B 'Error' — Are You One of Them?

The Unemployment Insurance Agency in Michigan will resume recouping overpaid benefits, and those who miss out on repaying could face financial penalties and interest on the amount owed.

International Business Times UK

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Stock Index Futures Slip as Shutdown Deadline Looms, U.S. JOLTs Report and Fed Speak Awaited

December S&P 500 E-Mini futures (ESZ25) are down -0.23%, and December Nasdaq 100 E-Mini futures (NQZ25) are down -0.14% this morning as investors grew anxious with the deadline to avert a U.S. government shutdown approaching.

Barchart

Reality check on shutdown economics

In the past, government shutdowns have been a micro story, not a macro story.

Axios

Reeves' Bold Pledge: Guaranteed Paid Placements for Unemployed Youth – Promising Rate Cut or Could It Spark Labour Fears?

Chancellor Rachel Reeves pledges paid placements for every young person on Universal Credit for 18 months, targeting 621,000 unemployed youth in 2025

International Business Times UK

Andy Burnham calls for UK to rejoin EU within his lifetime and rejects claim he is fiscally irresponsible – as it happened

Mayor of Greater Manchester says he would have to be ‘wrenched’ out of city and says he wants UK to rejoin EU

The Guardian - UK

Young people to have benefits stripped if they turn down work under Rachel Reeves’s plan to tackle unemployment

The chancellor will unveil a ‘youth guarantee’, meaning every young person who has been on universal credit for 18 months will be offered paid work, an apprenticeship or a college place

The Independent UK

Reeves to set out guarantee of paid work to cut long-term youth unemployment

Chancellor Rachel Reeves will tell the Labour Party conference: ‘We won’t leave a generation of young people to languish without prospects.’

Evening Standard

Rachel Reeves to make case for ‘contribution’ ahead of youth jobs guarantee

The Chancellor is expected to say Britain must build on the principle of doing ‘our duty for each other’.

Evening Standard

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Fortune

A government shutdown would delay the jobs report at a critical time as the Fed weighs more rate cuts amid mixed economic signals

The September jobs report is expected to show a payroll gain of 45,000, up from 22,000 in the prior month, with the unemployment rate holding steady at 4.3%.

Benzinga

Wall Street Strategist Warns Fed Unprepared To Handle AI Erasing Millions Of Jobs

The rapid rise of artificial intelligence may supercharge the economic growth of the U.S., but Jefferies' chief market strategist David Zervos says it could also trigger a wave of job losses that the Federal Reserve is unprepared to handle.

Benzinga

Faced With A Stagnant Job Market, These Gen Xers Chose Self-Employment

The job market is tough for employees of all ages and experience levels right now. According to the Bureau of Labor Statistics, the unemployment rate in August was 4.3%, the highest it's been since late 2021.

The Guardian - AU

Australia, along with other OECD countries, is mired in mediocrity – and the RBA seems intent on keeping us there

If the Reserve Bank won’t drop interest rates next week, it will be another example of one of our institutions aiming low

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Fortune

Nearly one in 5 Gen Zers is 'very concerned' that AI will take their job in the next 2 years, Deutsche Bank says. Boomers and Gen X aren't bothered

The (American) kids aren't alright.

Everybody Loves Your Money

9 Strange Situations That Can Wreck Your Finances Overnight

Money usually vanishes slowly bad spending habits, mounting interest, or creeping inflation. But every so often, it doesn’t just trickle away, it gets blasted out of your hands like confetti in a wind tunnel. Life has a way of throwing bizarre curveballs that can flatten even the most responsible budget.…

The Guardian - US

Scams, silence, rejection: US job seekers describe ‘depressing’ work prospects

Qualified candidates struggle in a sluggish market due to Trump tariffs, AI screening and vanishing entry-level roles

Benzinga

Trump's Tariffs Have Put Powell In A Bind, Says Economist: 'Get Rid of The Tariffs' To Solve These Problems

According to economist Justin Wolfers, Federal Reserve Chair Jerome Powell is stuck in a policy dilemma created by the trade and tariff policies of President Donald Trump.

Fortune

Gen Z job crisis: Maybe there are just too many college graduates now

The percentage of Americans with a bachelor’s degree or higher is now 37.5%, up from 25.6% in 2000.

Benzinga

Jerome Powell and Economists Agree: Gen Z Faces a Hiring Crisis And That's Not About AI

In 2025, the rising unemployment rate among Americans under 25, specifically recent graduates, has become a significant economic concern. This problem seems to be uniquely American, stemming from a “no hire, no fire” economy, rather than the advent of artificial intelligence (AI).

Fortune

Top economists and Jerome Powell agree that Gen Z's hiring nightmare is real—and it's not about AI eating entry-level jobs

"The U.S. labor market experience is peculiar," UBS' Paul Donovan wrote in a UBS note asking, "the kids are alright?"

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