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28.05.26 - 18:31
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US jobless claims rise to 215,000 but layoffs remain low despite Iran war uncertainty (The Hill)
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WASHINGTON (AP) — More Americans sought unemployment benefits last week, but layoffs remain low despite economic uncertainty caused by the Iran war. The Labor Department reported Thursday that jobless claims were up to 215,000, up from 210,000 the week before. The four-week moving average of claims, which smooths out week-to-week volatility, rose by nearly 6,300......
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19.05.26 - 08:42
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UK wage growth slows and unemployment rate rises as companies react to Iran war – business live (The Guardian)
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Jobless rate unexpectedly rises to 5% with businesses squeezed by war in Middle EastGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy.Unemployment in the UK has unexpectedly increased to a rate of 5%, while wage growth slowed, with businesses squeezed by the war in the Middle East.The latest labour market data suggest the UK jobs market is starting to feel the repercussions of higher energy prices, geopolitical uncertainty and weaker business confidence.The generational divide also remains striking. Since payroll employment peaked in October 2024, the number of employees aged 34 and under has fallen by 296,000, while employment among those aged 35 and over has risen by over 18,000. In other words, the slowdown is not being felt evenly: younger workers continue to bear the brunt of a cooling labour market.10am BST: Eurozone trade for March10.10am BST: Bank of England deputy governor Sarah Breeden speech1.30pm BST: Canada inflation for April Continue ...
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19.05.26 - 08:30
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UK unemployment unexpectedly rises to 5% as firms squeezed by Iran war (The Guardian)
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Pay growth eases to 3.4% as businesses face pressure from soaring energy costsUnemployment in the UK has unexpectedly risen to 5% while wage growth has slowed, according to official figures, in the first snapshot of how companies are reacting to the impact of the Iran war.The Office for National Statistics (ONS) said the rate of unemployment was up in the three months to March, from 4.9% in February, a rate that City economists had expected to hold. Continue reading......
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29.04.26 - 11:24
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Lloyds takes £151m hit from Iran war as it forecasts rise in UK unemployment (The Guardian)
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Bank expects its base case for GDP growth to be 0.5% this year, lower than IMF's 0.8% prediction for BritainBusiness live – latest updatesLloyds has warned that the economic fallout from the Middle East conflict could cost it £151m amid rising unemployment and inflation and a slowdown in the housing market.The FTSE 100 group, whose brands include Lloyds Bank, Halifax and Bank of Scotland, issued a downbeat economic forecast that it said reflects the stagflationary consequences – the double hit of rising inflation at the same time as slower economic growth – for the UK and global economies. Continue reading......
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