Euro zone unemployment holds at record low FRANKFURT (Reuters) -The euro zone unemployment rate held at a record low in June, providing further evidence that the bloc remains resilient to the fallout of the global trade war and continues to grow, even if slowly, data from Eurostat showed on Thursday. The jobless rate of the 20 nations sharing the euro held steady at 6.2% in June after the May figure was revised down to 6.2% from 6.3%, Eurostat said. In the broader European Union, the jobless rate was unchanged at 5.9%. There were 10.70 million people out of work in the euro area, down from 10.76 million a month earlier and 10.99 million a year ago, Eurostat added. Economic growth was expected to falter in the second quarter and the jobless rate was seen ticking up as the economy suffered from uncertainty relating to tariffs and the bloc’s future trade relationship with the U.S., one of its top export markets. However, growth held up better than feared and key business surveys suggest that the bloc is managing the uncertainty, with domestic consumption keeping growth going and manufacturing recovering from a multi-year recession. But this resilience is a key reason why a growing number of investors think the ECB is done cutting rates and markets see a less than 50% chance of another move this year.

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UK employers group says tax hike has hit hiring hard LONDON (Reuters) -Almost one third of small and medium-sized British employers have made staff redundant or are thinking about job cuts as a direct result of the increase in their social security bills, an industry group said on Thursday. The British Chambers of Commerce said 13% of more than 570 member firms it surveyed had cut jobs and 19% were actively considering such a move as result of April’s hike in employers’ National Insurance Contributions ordered by finance minister Rachel Reeves. "We were unprepared for the huge burden placed upon us, and it led many of us to rethink our growth plans," BCC Director General Shevaun Haviland said ahead of the group’s annual conference. "As a result, our business confidence measures have fallen to their lowest levels since 2022." The Bank of England said last week that employers’ hiring plans were "mildly negative" due to higher labour costs with the tax hike the biggest factor. The main response was to cut pay awards followed by headcount reduction and other measures. Reeves has said she does not plan further tax increases on the scale of last year’s 40 billion pound ($54 billion) rise. But many economists say she might be forced into fresh revenue-raising measures later this year to remain on course to meet her own budget rules. ($1 = 0.7344 pounds)

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Budget fails to address youth unemployment – LPM Landless People’s Movement (LPM) spokesperson Lafalaza Simaata on Monday said the national budget announced last week fails to address unemployment among the youth. “We’re maintaining the status quo and the status quo is one that’s currently failing, where you have an increase in unemployment rates, you have continuous markets that are not growing, such as industries like manufacturing that haven’t grown in the past few years,” Simaata said. He further highlighted the “failing” school education system and that youth unemployment is continuously growing. According to Simaata, there might be an increase in the budget here and there, but not enough to radicalise the situation. He added that they believe that shows there is a lack of ambition to adjust. “The budget doesn’t steer from what it has previously done in any shape or form,” he said. As in their manifesto, Simaata highlighted that agriculture needs a huge boost to grow as an industry and to be a backbone that many in the country can rely on. He said, currently, agriculture is the highest employer in the country but at the same time it suffers from drought and farmers that do not necessarily get the support they require or they need. “You can see how problematic it is to maintain the already existing budget. We won’t address the issues that we are facing, but you also aren’t allowing innovation to occur within that industry,” Simaata said. Over the weekend, LPM held its fourth national convention in Windhoek, with leader Bernadus Swartbooi firing shots at the national budget and calling for opposition unity ahead of November’s local authority elections. Speaking to Desert FM, Simaata highlighted how important it is to consider how funds are acquired from the strength powers of each government level. “When people understand that, they can understand for instance, the stagnancy or why things take a bit longer for projects to lift off and why they have to wait to be assisted” he said. He said it is important to educate people on these matters because certain things are consistent problems that have already existing projects. He added that once that transparency is there, it allows for individuals to understand what is going on. The post Budget fails to address youth unemployment – LPM appeared first on The Namibian.

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New Hampshire considers becoming 27th right to work state amid economic debate New Hampshire considers becoming the 27th right-to-work state to boost employment and economic growth.

New Hampshire is on the verge of a pivotal decision that could reshape its labor market and boost economic growth as it debates becoming the 27th right-to-work state.

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I was looking for #employmentrates across the world. Do you see here how there is no #usa but instead #mexico?
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