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FORGOTTEN HISTORY: 6 | History Defined

NY Fed's John Williams: "Unquestionably too-high" inflation may soon subside

John Williams, the president of the New York Fed, asserts that inflation is likely at its peak and should soon begin to taper off. He projects that by the end of the year, overall inflation will settle at 3.25%. Furthermore, he expects the unemployment rate to drop to 4% by…

The Economic Times

Black women’s unemployment rate fell. That’s not the good news you think it is

A lower unemployment rate is only worth celebrating if more people are actually working. Right now, most are disappearing from the data.

Fortune

US job cuts: Moody's chief economist Mark Zandi sees 'big warning' signs in June data. Here's why he's worried about the labour market

Economists question the strength of the June US jobs report. Mark Zandi notes falling labor force participation drove the unemployment rate down. Household survey data shows a continued decline in employed individuals. An adjusted unemployment rate now exceeds five percent according to Zandi. Other economists also express concerns about the…

The Economic Times

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Mark Zandi Says June Jobs Report Was Weaker Than It Looked as Labor Force Participation Fell

Economist Mark Zandi argued that the June employment report painted an overly optimistic picture of the U.S. labor market, saying several underlying indicators point to a much weaker economy than the headline figures suggest.

Benzinga

Trump's economic war on Black America

The president says he loves “my African Americans." His policies tell a different story

Salon

44 Swedish towns got train stations in the 1990s, and a 20-year study says the population rose about 20% while incomes barely changed

New train stations in Swedish towns increased population by over eighteen percent. Working populations grew significantly, and total earnings also rose. However, average resident incomes did not show a notable increase. Educational attainment improved, while unemployment rates also saw a rise. These stations primarily influenced where people chose to live.

The Times of India

OECD faces $500 billion productivity hit by 2040 as ageism keeps older workers sidelined: WEF

Ageism may cost OECD economies nearly $500 billion in productivity losses by 2040. Older workers face longer unemployment spells and structural barriers pushing them out. Demographic shifts show a significant increase in the global elderly population. Multigenerational teams can boost creativity and innovation while sharing skills. Tackling ageism offers economic…

The Economic Times

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'Trump's Tariffs and Federal Purge': The Hidden Economic Toll Tapering American Hiring Revealed

US jobless claims dipped to 215,000 as layoffs stay low, but hiring is slowing under Donald Trump's tariffs, federal purge and high interest rates, raising questions about the recovery's strength.

International Business Times UK

Could AI Pay Americans $1 Million Each? New Think Tank Forecast Sparks Jim Chanos' SpaceX Jab: 'Seems Reasonable'

The AI Futures Project, a non-profit initiative that forecasts the future of artificial intelligence, recently outlined a proposal for a citizen’s dividend by the U.S. government following AI-induced unemployment.

Benzinga

US jobless claims dip modestly to 215,000 last week as layoffs remain at historically healthy levels

The number of Americans filing for unemployment benefits dipped slightly last week as layoffs in the U.S. remain historically low

The Independent UK

Hunter's real jobs crisis isn't a skills shortage, new research finds

Low unemployment and record job vacancies are masking a deeper problem in the Hunter's workforce.

Newcastle Herald

Sinking to 61.5%: The Alarming Economic Low Threatening to Tank Trump's Second-Term Legacy

The US labour market faces scrutiny as participation rates hit a four-year low, raising concerns about economic momentum and President Trump's economic policies amid a disappointing June jobs report.

International Business Times UK

China's booming gig economy masks job market pain, strains welfare system

His story is increasingly common in China, where tens of millions are shifting from formal employment into the gig economy as meagre unemployment insurance, record numbers of graduates and a shortage of jobs squeeze opportunities.

The Economic Times

Contractor rates in Canberra market soars amid staffing redistribution

New report shows a surprise twist in federal hiring trends.

The Canberra Times

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Radio France Internationale

From memes to political movement, India's 'Cockroach' party leads youth revolt

India's Cockroach Janata Party began life as a series of internet memes and has grown into a real-life movement, bringing together young people angry about unemployment and alleged exam fraud. What began five weeks ago as a satirical response to comments by India's chief justice has become a fast-growing campaign…

The National (Scotland)

New SNP MP urges Andy Burnham to scrap 'hammer blow' NI hike

Prospective prime minister Andy Burnham should scrap the Labour Party’s “short-sighted” national insurance tax hike, a new SNP MP has said

Evening Standard

Andy Burnham should scrap ‘short-sighted’ NI tax hike – new SNP MP

Lara Bird said the policy was ‘choking-off’ economic growth in Scotland.

The Guardian - UK

Tish Murtha and Kuba Ryniewicz review – empty factories and cuddly pets struggle for connection

Close to Home pairs the two artists’ contrasting visions of the pursuit of happiness in north-east England. There are many good things but they don’t add up

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Barchart

Stock Indexes Settle Mixed as Chipmakers Retreat

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed unchanged, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +1.14%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.61%. September E-mini S&P futures (ESU26 ) fell -0.25%, and September E-mini Nasdaq futures (NQU26...

Barchart

Dollar Drops on US Job Weakness

The dollar index (DXY00 ) fell to a 2-week low on Thursday and finished down by -0.52%. The dollar tumbled on Thursday after a weaker-than-expected US June payroll report, which dampened speculation that the Fed will tighten monetary policy anytime soon. The dollar was also under pressure on Thursday after...

International Business Times

The Unemployment Rate Unexpectedly Dropped In June. But It Is Not Because There Are More Jobs.

The unemployment rate dropped in June, but it was because fewer people are looking for jobs.

The Guardian - UK

The Guardian view on xenophobic violence in South Africa: anti-migrant politics can’t fix domestic problems

Editorial: Foreigners are not to blame for unemployment, crime and the state of public services. Leaders should have the courage to say so more clearly

Barchart

Stock Indexes Turn Mixed as Chipmakers Sink

The S&P 500 Index ($SPX ) (SPY ) is up +0.10% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.85%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.92%. September E-mini S&P futures (ESU26 ) are up +0.08%, and September E-mini Nasdaq futures...

The Guardian - UK

‘I don’t just watch climate change happening’: the young Swedes being paid to make a difference

Participant-led YPS scheme creates green projects while providing summer jobs in country with high youth unemployment

The Economic Times

Centre notifies three sets of rules under VB-G RAM G Act

New rules under the Viksit Bharat- Guarantee for Rozgar and Ajeevika Mission (Gramin) Act have been notified, guiding the transition from MGNREGS. These rules detail wage and unemployment allowance payments exclusively via Direct Benefit Transfer, and outline procedures for expenditures exceeding central allocations. Ongoing MGNREGS works and job cards will…

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