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UNBELIEVABLE: 20 | History Defined

The RBA predicts inflation will rise faster than wages. Let’s hope it’s wrong

If the Reserve Bank is right, then by the end of 2027 the average wage will only have the same purchasing power as it did at the end of 2011

The Guardian - AU

Washington's State Capital Just Voted Against Increasing the Minimum Wage, Unemployment

Olympia residents apparently learned from Seattle’s experience that minimum wage hikes do not improve the welfare of the worst off in society.

Reason

Sex for money: South African study reveals the harm that ‘blessers’ can do to young women

A “blesser” is typically an older, relatively wealthier man who provides a younger woman with money, gifts, school fees or lifestyle access in exchange for a relationship that includes sex. Similar arrangements exist around the world, often called “sugar-daddy” relationships, but the South African version is closely tied to extreme…

The Conversation

From analysis to the latest developments in health,
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Unemployment benefits in jeopardy in shutdown, but not as dire as SNAP

The risks are less dire than for food assistance.

Axios

New Zealand unemployment up to nine-year high

It's hoped a soaring 5.3 per cent unemployment figure in New Zealand will be the peak of the pain felt by job-hunting Kiwis.

AAP

Sticky inflation cruels chances of interest rate relief

Borrowers face the possibility of interest rates going up rather than down again after the Reserve Bank held steady following a spike in inflation.

AAP

A million young people aren’t in a job or training. Britain has a problem

With the jobless rate now at 4.8%, ministers are urged to do more, especially for those with disabilities or health conditions

The Guardian - UK

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Furloughed federal workers face delays getting unemployment pay during shutdown

Thousands of furloughed federal workers are trying to navigate the unemployment system, in a sharp increase that is still a fraction of the 670,000 furloughed during the shutdown

The Independent UK

Chipotle CEO sounds alarm on the American economy: Gen Z and millennials are too burdened by unemployment and student loans to eat out

“We’re not losing them to the competition. We’re losing them to grocery and food at home,” Scott Boatwright said.

Fortune

Stocks Fall Before the Open After Mixed Big Tech Earnings, Trump-Xi Summit

December S&P 500 E-Mini futures (ESZ25) are down -0.18%, and December Nasdaq 100 E-Mini futures (NQZ25) are down -0.20% this morning as investors weigh the outcome of the highly anticipated Trump-Xi meeting, mixed Big Tech earnings, and a cautious Federal Reserve.

Barchart

Families on the frontline of veterans' wellbeing battle

The families of defence force members and veterans are on the frontline of the fight to turn around poor health and wellbeing outcomes for servicemen and women.

AAP

Federal Reserve cuts interest rates for second time this year amid lagging job market

The Federal Reserve decides to slash interest rates again, with inflation rising and unemployment ticking up

The Independent UK

Powell cuts rates in the dark in historic move, with no jobs data and Trump heckling from abroad

For the first time in modern history, the Fed cut rates without jobs data, acting amid a government shutdown, rising unemployment, and open pressure from the president, who wants Powell gone.

Fortune

RBA drops rates hint as Australia maintains AAA status

Reserve Bank governor Michele Bullock has responded to a surprise jump in unemployment as a credit agency gives Australia's finance a tick of approval.

AAP

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The Guardian - AU

RBA governor dismisses jobs fears but hints at rates hold after inflation uptick

Michele Bullock plays down concerns about rising joblessness as economists pencil in February for next reduction in borrowing costs

Fortune

Why is Washington acting like the U.S. is in a recession?

On paper, the economy is growing and unemployment is low. But federal government policymakers are behaving like there is an imminent crisis.

Newslaundry

Most unemployed graduates, ‘no progress’, Agniveer dilemma: Ladakh’s generation in crisis

Unemployment is brewing frustration among Ladakh’s youth, and the scale of the job crisis is clear even in official data.

International Business Times UK

Why Did the Royal Navy Intercept the Russian Warship? Cause, What Happened and Historical Significance

The Royal Navy intercepted a Russian warship off the UK coast amid 2025's sluggish 1.3% growth, 3.2% inflation, and 4.8% unemployment—highlighting how defence and economic security now go hand in hand.

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The Guardian - AU

Australia’s surprise unemployment spike suggests an economy not overheating but in need of stimulus

Last week’s announcement that unemployment reached 4.5% in September came as a shock to the RBA, which must have been either embarrassed – or ecstatic

The Independent UK

Citi Foundation is putting $25M toward tackling young adults' unemployment and AI labor disruptions

Citi Foundation is donating a half million dollars to each of 50 groups that provide digital literacy skills, technical training and career guidance for low-income youth around the world

The Guardian - UK

Labour urged to rethink scrapping minimum wage youth rates amid ‘Neets’ rise

Thinktank fears 16- to 24-year-olds not in education, employment or training could be ‘priced out’ of entry-level jobs

AAP

Bank heads to open up before 'urgent' rate cut talks

Surprising unemployment data has many expecting interest rates are in for another trim, with two key figures in that decision set to give their reaction.

The Guardian - AU

The ‘messy’ trend behind Australia’s rising unemployment is worrying economists

The RBA is holding fire on further rate cuts until it is confident that inflation is easing. But the latest jobs data complicates matters

Pedestrian.tv

Economists Baffled As Australia’s Unemployment Rate Hits Its Highest Level In 4 Years

It comes as a shock as the Reserve Bank of Australia (RBA) and the federal budget forecasts expected unemployment to remain steady through 2026.

The Guardian - AU

An unexpected unemployment rate rise puts the RBA odds-on to cut the cash rate – but it’s a headache for Jim Chalmers

A resilient labour market is the jewel in Labor’s crown when it comes to its economic record. Is this month’s data a blip, or the start of something bigger?

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Jerome Too Late Powell

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