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THE TRUTH ABOUT: 9 - The Untold Story

New economic forecast paints bleak picture for UK unemployment and growth

IN FULL

The Independent UK

UK Unemployment Set to Reach Highest Level Since 2015 as Iran Conflict Adds Pressure to Economy

The Confederation of British Industry forecasts UK unemployment to rise to 5.5%, the highest since 2015, due to rising costs, weaker growth, and global instability.

International Business Times UK

Growth to slow and unemployment to jump to two million, says CBI

The Confederation of British Industry warned that around 200,000 more Britons were on track to become unemployed.

The Independent UK

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read the most diverse news in one place.

South Africa’s anti-migrant campaigns use the language of democracy: why that’s dangerous

Anti-migrant campaigns in South Africa are increasingly being framed as acts of community protection. Protesters present their efforts as a response to community concerns about crime, unemployment and failing public services.

The Conversation

M&S launches training scheme for 1,000 young adults to tackle unemployment

A key review warned of a ‘lost generation’ as more than a million young people are not in employment, education or training

The Independent UK

Nearly 2 Million Americans Have Been Out of Work for Over Six Months, the Highest Toll Since 2021

Long-term unemployment in the US has climbed to its highest level since December 2021, with nearly 2 million out of work for six months or more despite a strong May jobs report.

International Business Times UK

Don't be fooled. JobSeeker's new look is still hiding some nasty business

The core problem remains untouched.

The Canberra Times

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Trump Says Black Unemployment Was at a Record Low, Then Admitted He Had 'No Idea Where the H*ll' the Statistic Came From

At a Wisconsin farm event, President Trump claimed Black unemployment was at a historic low, yet admitted uncertainty about the statistic's origin, contradicting federal data showing a higher rate.

International Business Times UK

America In Focus: US job market is rebounding, but economic frustration persists

U.S. employers added a surprising 172,000 jobs in May as the labor market continued to show resilience in the face of rising costs from the Iran war

AAP

Gen Z is ditching college for ‘more secure’ trade jobs—but boilermakers and welders actually rank among the worst entry-level jobs

Trade jobs have been rebranded as a shortcut to six-figure salaries, without student debt, and immunity from automation. But Gen Z could be walking into a trap: high unemployment rates, unhappiness, and automation risks.

Fortune

US jobs notch third straight month of solid growth

The unemployment rate in the United States has held at 4.3 per cent for a third consecutive month, government statistics indicate.

AAP

South Africa unrest grows as migrants become ‘scapegoats’

South Africa is once again facing a rise in anti-migrant tensions, with vigilante groups reportedly going door to door demanding that undocumented foreign nationals leave the country by the end of June. Post-apartheid specialist Cécile Perrot tells RFI the violence reflects deeper social and economic problems and that migrants have…

Radio France Internationale

US added 172,000 jobs in May as labor market shows signs of resilience

Government figures show unemployment rate at 4.3% amid rising inflation and economic uncertainty from Iran war

The Guardian - US

America’s job market has a surprising problem: Nobody’s hiring, nobody’s firing

While unemployment is projected to hold steady at a low 4.3% in May, according to FactSet, the pace of job creation remains significantly slower than the boom experienced in the wake of pandemic lockdowns

The Independent UK

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Fortune

Trump promised deportations would protect American jobs. Brookings said ICE raids have cost the economy over 668,000 of them

A recent study from Brookings found that ICE arrests shocked local economies and drove unemployment.

The Independent UK

The US just had its highest number of people file for unemployment benefits since the Iran war started

The war in Iran has injected significant uncertainty into the broader US economy and its labor market

AAP

US jobless aid filings, a proxy for layoffs, hit highest level since Iran war began in February

The number of Americans filing for jobless aid hit their highest level in four months last week, but layoffs remain historically low despite ongoing economic uncertainty brought on by the war in Iran

TechRadar

AI is getting too much of the blame for graduate hiring prospects, and there could be a job perk that is actually behind it all

New York Federal Reserve Bank data shows that graduate unemployment started rising before AI was really a thing.

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Kiplinger

May Jobs Report Comes In Hot, Keeps Fed Focused on Inflation

The May jobs report was released Friday morning and came in much higher than economists expected..

The Conversation

The graduate job market is grim right now – but the data says university is still worth it

Spend ten minutes talking to a soon-to-be graduate about their job search and you might come away convinced that a university degree has become a confidence trick.

Fortune

New York Fed research is just one of many saying remote work is behind the real Gen Z hiring nightmare

Graduates are blaming AI for their employment woes, but the real culprit may be the pandemic’s most sought-after workplace perk

The Independent UK

Warning unemployment could hit 2m under Labour, with young people worst hit

IN FULL

The Independent UK

Unemployment to hit 2m under Labour, business group warns

Lack of jobs worst for the 16-24 year olds

Euronews

Unemployment falls to lowest since May 2007 as employment hits record high in Spain

The start of the summer season boosts the labour market: jobless total falls by 36,323, Social Security gains nearly 232,000 members, with hospitality driving job creation.

The Independent UK

Study identifies primary driver of high unemployment rates for recent college grads

IN FULL

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