Thousands of Indian youth continue 'Cockroach' protests, demanding the Education Minister's resignation over leaked exams. The movement, now a symbol of broader youth frustration, has prompted PM Modi to call for fast-track courts, while demonstrations in New Delhi faced police action.
Bitcoin trades near $65,978, below the short-term holder cost basis of $69,000, as markets anticipate the Federal Reserve's July 28-29 meeting. Weak labor data and slowing core CPI suggest a less restrictive Fed, but rising oil prices and Treasury yields add complexity, making Bitcoin's rally conditional on the Fed's stance.
U.S. Treasury yields, including the 10-year note, advanced significantly as Brent crude surpassed $100/barrel due to Middle East tensions, fueling inflation fears. This, coupled with weekly jobless claims falling below 200,000, increased expectations for a Federal Reserve interest rate hike.
India's youth-led 'Cockroach Janta Party' (CJP) protest movement, sparked by a Supreme Court justice's remark, is gaining national support. Fueled by anger over unemployment and education system failures, the movement is putting public pressure on Prime Minister Modi's government.
Mark Cuban argues AI agents cannot replicate human judgment and understanding of consequences in business, advocating for AI to augment rather than replace white-collar workers. His comments follow an Anthropic report suggesting AI hasn't significantly increased US unemployment, with experts like Box CEO Aaron Levie emphasizing AI's current role in augmenting human tasks.
Australia's unemployment rate held at 4.4% in June, with 76,000 new jobs, largely part-time, pushing underemployment to 6.5%. Economists view the labor market as resilient but anticipate a rate hike from the RBA in August due to persistent inflation concerns.
Thousands of Gen Z students, led by the Cockroach Janta Party (CJP), continue protests in New Delhi over youth unemployment, lack of economic mobility, and exam paper leaks. Demonstrations intensified after clashes with Delhi Police, posing a significant challenge to the government.
UK job vacancies dropped to 712,000 in June, nearly half of 2022 levels, as employers delay hiring. Unemployment held at 4.9%. Economists warn of a fragile labor market, while the new PM Andy Burnham faces pressure to boost the economy amid rising costs and global conflict.
Germany's Ruhr region, once a thriving industrial hub, is using hundreds of its disused post-war 'slipper churches' as venues for Manifesta 16, a travelling art biennale. The exhibition explores themes of deindustrialisation, unemployment, and migration, reimagining these community spaces to bridge the past and future.
Graduates in Gaza struggle with extreme joblessness, exceeding 80%, due to the ongoing war and pre-existing economic issues. Many are forced to accept jobs outside their specializations or seek remote work opportunities.
A May report indicates 1 million UK 16-24 year olds are NEET, with figures potentially rising to 1.25 million by the early 2030s without government intervention. The report seeks input from young people in northern England facing job search difficulties.
Bitcoin surpassed $60,000 as weak US jobs data and a declining dollar fueled demand for the cryptocurrency. While oil prices stabilize, gasoline remains elevated, creating uncertainty for the Federal Reserve's next policy move.
Kirill Dmitriev, Russian President's special representative, stated Finland is experiencing economic collapse due to President Alexander Stubb's "belligerent policies" and severed ties with Russia. He cited rising unemployment to 12.7% and youth unemployment at 37.8% as evidence.
The US unemployment rate dropped to 4.2% in June, its lowest in a year. However, this decline is attributed to a significant exodus of workers from the labor force, with participation falling to its lowest point since March 2021, raising concerns among economists.
US nonfarm payrolls rose by only 57,000 in June, missing expectations, while the unemployment rate unexpectedly fell to 4.2%. Conversely, the Eurozone unemployment rate held steady at a record low 6.2% in May, highlighting diverging labor market trends and central bank policy paths.
Spain's registered unemployment dropped to 2,291,982 in June, the lowest since January 2008, driven by the service sector and a significant fall in female unemployment. Social Security registrations hit a record 22.47 million, primarily boosted by wholesale, retail, and hospitality.
US employers added 57,000 jobs in June, half of economists' predictions, while past figures were revised down. The unemployment rate fell to 4.2%, but 720,000 people left the labor force. Inflation, influenced by the Middle East war, remains a key concern for the Federal Reserve.
The U.S. economy added 57,000 nonfarm payrolls in June, significantly below forecasts and May's revised figures, while the unemployment rate unexpectedly fell to 4.2%. This slowdown in job creation eases pressure on the Federal Reserve regarding immediate interest rate hikes, leading to a positive market reaction.
Spanish unemployment dropped by 28,739 in June, reaching 2,291,982, the lowest figure since January 2008. Services led the decline, driven by tourism, while youth and female unemployment also hit record lows. Social security registrations also reached an all-time high.
An Australian national, Simon Peter Carman, 45, has been charged by Thai police with premeditated murder and other offenses in connection with the death of a 17-year-old girl. The teenager's body was found inside a suitcase near a railway track in the resort city.
Graduate unemployment rates differ significantly across Europe. While some Central and Eastern European countries report near-zero rates, others like North Macedonia, Turkey, and Bosnia-Herzegovina face rates around 7%. The EU average for graduate unemployment is 3.6%, with Spain and Greece showing higher figures.
Graduate unemployment rates differ significantly across Europe. While some Central and Eastern European countries boast near-zero rates, others like North Macedonia, Turkey, and Bosnia-Herzegovina face rates around 7%. The EU average for graduate unemployment is 3.6%, with significant variations among member states.
All 32 of America's largest banks passed the Federal Reserve's 2026 stress test, simulating a severe economic downturn with 10% unemployment, 39% drop in commercial real estate prices, and $708 billion in losses. Despite the banks' resilience, the results will not affect capital requirements due to a regulatory freeze until 2027.
California has launched the AI-Unemployment Tracker, a public dashboard to monitor AI's impact on job losses. Developed by the California Employment Development Department and UCLA researchers, it will track unemployment claims in AI-exposed occupations, aiming to identify workers needing support and retraining. Initial data shows no widespread AI-driven layoffs but notes increased claims among college-educated workers in the San Francisco Bay Area.
