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2 mins read
Almost 650,000 people in Britain lost their jobs in the past 3 months, and job vacancies hit an all-time low
The number of paid employees fell by 649,000 between March and June, according to data from the ONS…
Shalini Nagarajan
4 mins read
UK Prime Minister Liz Truss resigned after the market rebelled against her aggressive economic growth plan. It's a warning for global leaders with lofty ambitions.
Truss stepped down after an investor backlash roiled markets, forcing her to scrap planned tax cuts…
Theron Mohamed
2 mins read
Paul Krugman, Mohamed El-Erian, and Nouriel Roubini are tearing into UK leaders whose spending plans upended markets. Here's what the 3 top economists have said.
Krugman dismissed planned tax cuts as "deeply stupid," El-Erian called them "unsettlingly large," a…
Theron Mohamed
2 mins read
The number of people employed in the UK dropped by the most since 2009 — a sign the jobs market may face yet more pain from the COVID-19 crisis
"The alarm bells couldn't be ringing any louder. Ministers must act now to protect and create jobs,…
Shalini Nagarajan
1 min read
Nobel economist Paul Krugman defends Bidenomics, touting the US's success in taming inflation
Krugman defended the president's economic track record, noting that inflation has fallen rapidly wh…
Zinya Salfiti
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
UK's unemployment claims rises nearly 70% in April — its highest level since 1996
The claimant count increase of 856,000, or 69.1%, in a single month represents a record high for th…
Shalini Nagarajan
2 mins read
'Bar Rescue' host Jon Taffer apologizes for suggesting that unemployed restaurant workers want to rely on benefits instead of returning to the industry
"I want to sincerely apologize for using a terrible analogy in reference to the unemployment situat…
Zahra Tayeb
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
2 mins read
Recession will strike and stocks will drop - but the declines won't be half as bad as some fear, leading strategist says
Seema Shah, the chief global strategist of Principal Asset Management, expects the US recovery to s…
Theron Mohamed
3 mins read
Understaffed restaurants are being forced to choose between closing earlier and shutting their dining rooms
Restaurants have been changing their operations because they can't find enough staff to operate as …
Grace Dean
3 mins read
Independent restaurants are being crushed by the labor shortage. They're raising prices, cutting opening hours, and even closing down for good.
While chains like McDonald's, Starbucks, and Chipotle have hiked up wages, independent restaurants …
Grace Dean
3 mins read
Businesses say as many as 90% of candidates don't turn up to job interviews and some quit soon after being hired. 'You're basically hiring anyone that would show up.'
Multiple companies told Insider that some candidates accept a job but don't turn up for their first…
Grace Dean,Kate Duffy
2 mins read
Former Labor Sec. Robert Reich criticized lawmakers for ending unemployment payments for millions, a move leading progressives declined to oppose
Approximately 9 million unemployed Americans saw their benefits cut Monday, as job hiring slowed in…
Tom Porter
2 mins read
Russia's economy isn't facing disaster anytime soon as weapons production compensates for GDP losses, Ukrainian strategist says
Economists have had to admit their forecasts of a Russian GDP crash were wrong, the Institute for B…
Phil Rosen
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
5 mins read
From $2,000 sign-on bonuses to free hotel rooms and even iPhones, companies like McDonald's, Amazon, and JBS are finding creative ways to lure in new hires amid the labor shortage
Some are even giving free food and a $50 payment to applicants just for turning up for interviews a…
Grace Dean
2 mins read
Global stocks hit record high after Fed tapers bond purchases but signals patience over interest rates
Futures signal more gains ahead for the tech-heavy Nasdaq after the Federal Reserve cut back on its…
Harry Robertson
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
Unemployment will be higher in the US than in other advanced economies through 2021, Goldman says
A lack of stricter job-preservation policies and expanded unemployment benefits will prolong the US…