#youth-unemployment

#youth-unemployment

To the youth, this budget was made for you, said Finance Minister Francois-Philippe Champagne during a speech on Tuesday before he tabled the budget in the House of Commons.

Almost a million young people are not in education, employment or training. Employers are freezing their hiring plans. Unemployment is at a four-year high. Not all is right in the UK's jobs market, and the outlook is getting worse. Typically it takes a full-blown recession to trigger the type of growth in unemployment that Britain is witnessing today. About 100,000 jobs have been lost from company payrolls in the past year, and the official jobless rate has hit 4.8%, up from 4.1% a year earlier.

The challenging U.S. labor market is entering a new normal, according to Goldman Sachs economists David Mericle and Pierfrancesco Mei, who tackled the phenomenon of "jobless growth" in an October 13 note. It resonates with what Federal Reserve chair Jerome Powell memorably described in September as a " low-hire, low-fire " labor market and the fact that, for some reason, "kids coming out of college and younger people, minorities, are having a hard time finding jobs."

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

The U.S. job market continues on a downhill skid, and unemployment is hitting young workers the hardest. Unemployment for 16-24-year-olds just jumped to 10.5%, the first time over 10% since the pandemic. Google searches for "how to get a job interview" spiked 629% last month in the U.S., leaving job seekers anxious. Despite the sluggish market, career experts have tips up their sleeves on landing a job interview in 24 hours.