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FORGOTTEN HISTORY: 16 | History Defined

With UK unemployment rising, will the government’s plan for young people pay off? An economist’s view

There are nearly one million young people in the UK who are not in employment, education or training (so-called Neets). After falling in number during the 2010s before the pandemic, this cohort of 16 to 24-year-olds has grown from 750,000 only six years ago. This is a worrying shift, for…

The Conversation

Stock Index Futures Muted in Run-Up to Key U.S. Jobs Data

December S&P 500 E-Mini futures (ESZ25) are down -0.06%, and December Nasdaq 100 E-Mini futures (NQZ25) are down -0.14% this morning as investors exercise caution ahead of the release of the key U.S. jobs report, which will offer clues on the Federal Reserve’s policy path next year.

Barchart

Young people hit hard as UK unemployment marches upwards

Jobs market slowdown likely to become policy focus and will also have impact on interest rates decision

The Guardian - UK

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London unemployment rises to 6.8%, highest in a decade outside the pandemic

Bank of England seen as almost certain to cut interest rates on Thursday as labour market cools

Evening Standard

UK unemployment rose to four-year high of 5.1% before budget

October figure from ONS suggests employers laid off workers, as earnings growth excluding bonuses fell

The Guardian - UK

Starmer orders foreign interference review after ex-Reform leader in Wales jailed for pro-Russia bribes - latest

Housing secretary Steve Reed called Gill’s conduct ‘a stain on our democracy’

The Independent UK

Jobless rate rises to 5.1% as wage growth slips back further

The Office for National Statistics said the rate of unemployment rose to 5.1% in the three months to October – the highest since early 2021.

Evening Standard

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Unemployment rate rises to 5.1% to hit 10-year high outside of Covid

Office for National Statistics says rate of unemployment is at its highest since early 2021

The Independent UK

FTSE 100 Live 16 December: Rate cut seen as jobs market weakens, Brent Crude below $60

The rate of unemployment has risen to its highest level in almost a decade outside the pandemic as employers continue to shed jobs.

Evening Standard

Unemployment rises in US and UK, adding to pressure to cut interest rates – as it happened

Rolling coverage of the latest economic and financial news, as US non-farm payrolls rise by 64,000 in November but shrink by 105,000 in October

The Guardian - UK

Employers likely added 40,000 jobs in November as government releases report delayed by shutdown

The U.S. job market is sluggish and confusing this fall

The Independent UK

Young people bearing brunt of UK jobs downturn, thinktank warns

Resolution Foundation report comes in week when data is expected to show October unemployment rise

The Guardian - UK

Latin America's Unemployment Falls to 15-Year Low, but Structural Gaps Persist, International Labour Organization Reports

Informality continues to dominate labor markets in the region, affecting 46.7 percent of all workers—nearly one in two people employed

Latin Times

US jobless benefit applications jump to 236,000, but continuing claims are lowest since April

The number of Americans applying for unemployment benefits jumped last week, but the total number of those collecting benefits fell to the lowest level in eight months

The Independent UK

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AAP

Mixed employment report won't make RBA's job any easier

Unemployment and jobs growth figures for November tell differing stories about the strength of the labour market, providing little clarity for the Reserve Bank.

Fortune

Fed’s expected rate cut today is less about stimulating the economy and more about protecting the jobs market from ‘shattering’

A cut is something of an “insurance policy against a shattering of the U.S. labor market,” UBS chief economist Paul Donovan said.

GamesRadar

Red Dead Redemption 2 fan tests Rockstar's historical accuracy by conducting a literal census in the open-world game, concludes it's "a pretty amazing representation" of the era

Even the unemployment rate isn't too far off

Fortune

With millions of Gen Zers unemployed globally, the U.K. is investing $965 million to get young people working in AI, hospitality, and engineering

Over the next three years, the U.K. government will spend nearly $1 billion getting Gen Z NEETs back into the workforce. Meanwhile, young Americans face unprecedented joblessness.

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International Business Times UK

Britain's 'Lost Generation': Nearly One Million Young People to Get £820m Rescue Plan

Britain launches an £820m rescue plan to support nearly 1 million young people with jobs, training and work experience to tackle the growing 'lost generation' crisis.

The Independent UK

Government unveils £820m jobs plan to tackle youth unemployment crisis

IN FULL

The Independent UK

Jobless youngsters to be offered work in construction and hospitality – and could lose benefits if they say no

Guaranteed jobs provided for up to 55,000 people from spring 2026, under new government plans

Axios

The weak-but-not-disastrous November jobs picture

ADP reported that private-sector employment fell by 32,000 jobs in November.

Barchart

Dollar Gains on Positive US Jobless Claims News

The dollar index (DXY00 ) on Thursday rose by +0.17%. The dollar recovered from a 5-week low on Thursday and moved higher after US weekly initial unemployment claims unexpectedly fell to a 3-year low, which was hawkish for Fed policy and positive for the dollar. The dollar initially fell to...

Fortune

‘Godfather of AI’ says Bill Gates and Elon Musk are right about the future of work—but he predicts mass unemployment is on its way

While tech leaders paint a positive future where work is optional thanks to AI, the ‘Godfather of AI’ Geoffrey Hinton warns they’re “betting on AI replacing a lot of workers.”

Barchart

Dollar Supported by Higher T-Note Yields

The dollar index (DXY00 ) today is up by +0.02%. The dollar today recovered from a 5-week low and moved slightly higher after US weekly initial unemployment claims unexpectedly fell to a 3-year low, which was hawkish for Fed policy and positive for the dollar. The dollar initially fell to...

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