Unemployment Among Migrants in Britain Reached an All-Time High
This week, economic optimism tied to mass migration faced a setback as new government figures revealed that the number of unemployed individuals in the UK reached a high, with approximately 1.3 million migrants relying on welfare support. Data from the National Bureau of Statistics (ONS) shows that immigrants made up over one in five (21.5%) […]
GBP/USD rises as BoE makes a tough decision, US unemployment claims increase
The Bank of England has lowered interest rates to 4% with a narrow 5-4 vote, indicating a careful approach to easing. The BOE’s hawkish tone pushed GBP/USD above 1.3400 for the first time in a week. US unemployment has climbed to its highest level since 2021, contributing to dollar weakness. During the North American trading […]
While Newsom campaigns, California faces the highest unemployment rate in the nation.
California Governor Gavin Newsom (D) has initiated his presidential campaign for 2028, even as the state grapples with the highest unemployment rate in the nation. Earlier this month, there were reports about Newsom leaving California during a period marked by numerous wildfires. He traveled to rural South Carolina to gauge support for his presidential aspirations […]
Report shows 6.6% unemployment rate as education system lets job seekers down
This summer, students graduating in 2025 are supposed to feel a sense of relief before diving into their careers. Yet many high school and college graduates are feeling quite the opposite—anxiety seems to be rampant. They’ve applied to numerous jobs, sometimes even hundreds, but actual interviews and job offers are becoming tough to come by. […]
Persistent unemployment posing difficulties for workers
Analysis of the US Labor Market Rick Hermanns, the President and CEO of HireQuest Inc., recently discussed the current state of the American workforce, highlighting areas of high demand. Despite relatively low unemployment rates, the sluggish pace of job creation has led to a stagnation in the number of long-term unemployed individuals, which is concerning, […]
New graduates confronting worsened job market as unemployment hits a multi-year high
Recent college graduates are diving into the job market, but they’re hitting a major roadblock. The job landscape is actually getting tougher. Research from the Federal Reserve Bank of New York reveals that the labor market is “deteriorating significantly” as of early 2025, with new entrants to the workforce facing particularly harsh challenges. In a […]
EUR/USD reaches a six-week peak as ECB lowers interest rates and US unemployment claims fall short.
Market Overview: EUR/USD and Economic Indicators The EUR/USD has been on the rise, achieving its highest level since April 22nd. The European Central Bank (ECB) has cut key interest rates by 25 basis points, shifting towards a more data-driven approach. Initial unemployment claims in the US climbed to 247,000, exerting pressure on the dollar as […]
Labor Dept Warns States About Illegal Migrants Receiving Unemployment Benefits, Threatens Loss Of Federal Funds
The U.S. Department of Labor (DOL) has warned governors of the US and overseas territories to prevent illegal immigrants from risk of claiming unemployment benefits or losing federal grants. “[I]Written by US Secretary of Labor Lori Chavez Deremar, it is important that Lori Chavez Deremar ensures that the US taxpayer dollars do not guarantee that […]
Labor secretary warns states of illegal immigrants collecting unemployment benefits
State that allows illegal immigrants to collect unemployment benefits could potentially lose federal funds, Labor Secretary Lori Chavez Deremer said Friday. In every letter to the governor, Chavez Deremar urged him to comply with President Donald Trump’s orders, ensuring that taxes do not illegally benefit the people of America. “Unemployment benefits in our country exist […]
Trump tariffs to increase unemployment, but mass layoffs unlikely
Federal Reserve Chairman Jerome Powell said President Trump’s tariffs are higher than expected, increasing the risk of further inflation. President Donald Trump’s tariffs are expected to increase unemployment over the course of the year, but no major layoffs are expected. An allianz economist said in a report released Thursday that he noted an indicator that […]