#unemployment

#unemployment

The 30% tariffs imposed by the United States on South African exports pose a serious threat and risk harming key export industries that depend heavily on the U.S. market.

The labor market has been frozen for months, marked by low layoffs, low hiring, and few openings for job seekers and switchers. The cooldown has been worse than the slowdown in overall US job postings.

Cesar Mesen, owner of The Pint Public House, indicated that despite receiving a high volume of resumes, he cannot afford to hire more staff due to economic conditions. He stated, "If we post for one position, we maybe get 90, 100 candidates." Mesen's pub typically hires around 40 to 50 people for the summer, but this season's hiring was a fraction of that. He mentioned, "I cannot just hire people because I feel bad for them right now, we don't have a need to hire." Job losses predominantly affected young individuals, particularly those aged 15 to 24.

The U.S. economy added only 73,000 jobs in July, with previous job gains for May and June largely erased, leading to an increase in the unemployment rate to 4.2%.

Goldman Sachs economists noted one distinction between this year and last: the unemployment rate was rising alongside slowing hiring rates last year, while this year has seen stability.

Nearly 25% of older Gen X and young boomer workers laid off in the past decade haven't found new jobs, with 11% taking pay cuts.

Labour's Jess Phillips acknowledged the disappointing rise in unemployment, stating, 'The issue of the unemployment figures today is something that every government should be absolutely firmly focused on.'

Self Aid was about addressing Ireland's rampant unemployment and economic stagnation rather than famine relief. Its primary aim was to rally support and boost morale.

In the Gaza Strip, cash has become as scarce as basic food and fuel supplies, with fresh Israeli shekels not reaching the region and vendors refusing torn notes.

Financial issues are one of the top complaints that couples have. Our attitudes to money can vary widely, and often a 50/50 split is attempted but fails in real life.

The employment of seniors in France "is one of our weak points," said Minister of Labour Astrid Panosyan-Bouvet, pointing out that the employment rate for people over 60 here is 38 percent, compared to 61 percent in Germany and 70 percent in Sweden.

The pandemic drastically increased unemployment in California, exhausting the Unemployment Insurance Fund and leading to a $20 billion federal loan, exacerbated by fraud and management failures.

Massachusetts' unemployment rate rose to 17.4% in June 2025, marking the highest rate in the nation, still above the national average of 11.1%.

Treating applications like a full-time job helped me focus my energy on graduate school instead of dwelling on my recent layoff.