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1 min read
UK labor market adds 160,000 jobs in October, boosting chances the Bank of England will hike interest rates
The UK's labor market strengthened in October, potentially easing concerns at the Bank of England a…
Reuters
2 mins read
A Kremlin propagandist boasted of Russia's low unemployment rate, not mentioning it's partly because it suffered so many casualties in Ukraine
Dmitry Kiselyov, Russia's top spin doctor who is known as "Putin's mouthpiece", omitted key facts w…
Tom Porter
2 mins read
Global stocks rise after Fed officials suggest inflationary pressures will be temporary
The US is still 8 million jobs short of pre-pandemic levels and that gap will have to narrow a lot …
Shalini Nagarajan
2 mins read
The UK unemployment rate fell to an eight-month low in April as pubs and restaurants reopened
The UK jobs market brightened in April and May, data showed, with unemployment falling, payroll num…
Harry Robertson
2 mins read
UK unemployment rate hits 4-year high in final quarter of 2020 but data shows 'tentative' signs of stabilizing
Despite the rise in UK unemployment, the data office said that company payrolls had risen slightly …
Harry Robertson
2 mins read
UK unemployment rate slips unexpectedly to 4.9% in February, but payroll numbers fall ahead of reopening
The data painted a mixed picture of the UK jobs market ahead of the gradual reopening of the econom…
Harry Robertson
3 mins read
UK unemployment hits its highest since 2016 just as several parts of the country return to strict lockdown before the holidays
The number of people unemployed in the three months to October rose by 241,000, taking the jobless …
Shalini Nagarajan
2 mins read
Jobs growth has been driven by vaccination rates, not expiring unemployment benefits, says the White House
White House press secretary Jen Psaki said vaccination rates, not expiring unemployment benefits, d…
Kevin Shalvey
2 mins read
The UK unemployment rate dropped to 4.8% in the first quarter as the country prepared to reopen from lockdown
The unemployment rate was flattered by people that stopped job-hunting during lockdown, but separat…
Harry Robertson
2 mins read
UK unemployment rate unexpectedly falls to 5% in January as the country looks ahead to reopening
The jobless figures beat economists' expectations, and suggested the labor market is stabilizing as…
Harry Robertson
1 min read
Bank of England warns of longest recession in 100 yrs
A 0.75 per cent increase, the latest in a series of eight interest rate rises since last year, w…
2 mins read
Millions of people who left the US job market last year plan to stay away in an act of 'long social distancing,' fanning the flames of inflation
The study by a group of economists showed around three million people plan to avoid in-person worki…
Ryan Hogg
2 mins read
UK unemployment nears 2-year high in July, as pandemic claims 750,000 jobs since March
The number of employees on payroll fell by 695,000 since March, despite the three months to July ma…
Shalini Nagarajan
1 min read
3 federal pandemic-aid programs expired as of Labor Day, severing millions of Americans from unemployment benefits
The Century Foundation, a left-leaning think tank, estimated that 7.5 million people - including gi…
Mia Jankowicz
2 mins read
Ex-Treasury chief Larry Summers warns the Fed may need to hike rates above 5% to defeat inflation - and sees unemployment spiking to 6%
The veteran economist predicted a painful US recession, slammed the British government, and issued …
Theron Mohamed
2 mins read
4 GOP-controlled states are changing their unemployment laws to allow those defying COVID-19 vaccine mandates to get benefits
Florida, Iowa, Kansas, and Tennessee have all passed bills which are seemingly designed to countera…
Tom Porter
1 min read
The number of Brits on payrolls surged by 356,000 in June as the economy reopened and hospitality boomed
The UK hospitality sector sharply increased its hiring in June after COVID-19 restrictions were loo…
Harry Robertson
2 mins read
UK jobless rate rises to four-year high in 3rd quarter and layoffs hit record, as COVID-19 erodes the labor market
The jobless rate hit its highest in four years in the third quarter, while layoffs hit a record, ev…
Amanda Cooper
2 mins read
UK job vacancies climb above 1 million for the first time ever as labor shortage intensifies
The UK economy is bouncing back, but companies in sectors such as hospitality and entertainment are…
Harry Robertson
6 mins read
'Full employment' may be increasing economic inequality
Resolution Foundation The green section shows wage growth after inflation is taken into account …