Unemployment hits post pandemic high of 5% as economy slows - Grim landmark makes a December interest rate cut from the Bank of England a near certainty

Unemployment increases to 5%, according to ONS, its highest rate since the pandemic and exceeding what many analysts had forecasted.

For the week ending May 10, 3,992 people filed initial unemployment insurance claims — which is 46.8% higher than the previous week’s 2,720 claims and a 67.3% increase over a comparable week last year (2,386). Virginia Works reported 18,144 continued ...

Every now and then, people get particularly fed up with economic orthodoxy. And who can blame them? It must be annoying to cheer on something kind-hearted, popular or politically audacious, only to be told that the same old pesky unintended consequences will come crashing in and ruin the fun.

The official unemployment rate dropped to 31.9% in the third quarter, down 1.3% from the second quarter’s 33.2%.

The longest federal government shutdown in U.S. history appears to be nearing an end, but not without leaving a mark on an already-struggling economy

Kate Philip from the Presidential Employment Stimulus argues that economic growth on its own cannot solve the challenges caused by unemployment.

Britain’s unemployment rate rose to five percent in the third quarter, the highest since early 2021, raising concerns ahead of the government’s upcoming budget.

South Africa's latest labour survey reveals a promising dip in unemployment as 248,000 new jobs were created in the third quarter. Experts weigh in on the implications and the urgent need for ongoing economic reform and business confidence to sustain this positive trajectory.

If the labour growth rates of the last two years had been maintained through 2025, TD Economics estimates today’s unemployment rate could have surpassed eight per cent — it currently stands at 7.1 per cent.