Government will pay £2bn in wages for 300,000 young people to keep them off the dole as Rishi Sunak puts jobs at the heart of his mini-Budget today Chancellor Rishi Sunak is set to announce a mini-budget on Wednesday The plan will set out how Britain’s economy will recover from the COVID-19 crisis Mr Sunak’s … Read more
Unemployment in Britain could soar to 1980s levels with 3.8million on the dole due to the wreckage caused by the coronavirus lockdown. Labour has warned that ministers need to do more to support struggling businesses as both main parties try to come up with ways to rescue the economy. Statistics from the House of Commons library … Read more
Chancellor Rishi Sunak is being urged to consider a four-day working week as part of efforts to overhaul the economy after the coronavirus pandemic. A letter signed by MPs including former Labour shadow chancellor John McDonnell, Green MP Caroline Lucas and Guardian columnist Owen Jones, argues for reducing working hours so that ‘work is shared … Read more
Fat cats accused of ‘virtue signalling’ as they revert to full pay while millions face unemployment By Tom Witherow For The Daily Mail Published: 21:50 BST, 17 June 2020 | Updated: 21:50 BST, 17 June 2020 Bosses of FTSE 100 firms have been accused of ‘virtue signalling’ by reinstating their full salaries as millions face … Read more
Stock markets around the world soar to three month highs after US unemployment falls By Hugo Duncan for the Daily Mail Published: 21:51 BST, 5 June 2020 | Updated: 21:51 BST, 5 June 2020 Stock markets around the world soared to three month highs as the US jobs market sprang back into life. As President … Read more
President Donald Trump seized on a new report showing a startling drop in unemployment Friday, then said murdered George Floyd was ‘looking down’ at the country and it was a ‘great day’ for him. Trump made the odd comment during a rambling 53-minute appearance celebrating the good economic news – which he said defied expectations … Read more
Scammers use encrypted messaging services to sell tutorials on how to steal unemployment from different states for just $50 worth of Bitcoin Scammers are flocking to encrypted messaging to sell fraud tutorials Tutorials on Telegram offer off methods of stealing unemployment They also offer instruction on how to avoid detection The tutorials can be purchased on … Read more
US unemployment hits a post-WWII record of 14.7% after 20m jobs are lost in just one month By Hugo Duncan for the Daily Mail Published: 21:51 BST, 8 May 2020 | Updated: 09:12 BST, 9 May 2020 Unemployment in the United States has soared to a record high after the loss of more than 20m … Read more
Unemployment rose by 50,000 to 1.35m in three months to March as report shows youngest and oldest workers are hardest hit by coronavirus crisis Unemployment figures show a rise of 50,000 people in three months to March A report by the Resolution Foundation found younger people facing pay cuts The report also warns older workers face risk … Read more
Youth unemployment could hit one million this year as think thank warns that jobless figures among the young are set to rise by 600,000 The Resolution Foundation predicted youth unemployment could hit one million This would be more than double the current youth unemployment at 408,000 The study warns that young people leaving schools face ‘years … Read more