Edmund Phelps proved that keeping jobs high forever isn’t possible without causing big problems later. He showed that trying to push unemployment too low usually just makes prices rise higher instead. This idea became a key rule for central banks worldwide. Phelps also proved that people’s expectati
College graduates are stepping into a job market that feels more like a maze than a clear path. Experts warn that this group may hit the highest unemployment numbers seen in recent years, partly because new technologies are taking over many simple entry‑level roles. In the last quarter of 2025, the
A long illness can change everything. One partner’s health crash often becomes another family’s financial crash too. This couple moved so one could study music, banking on a degree to lift their future. But joblessness sticks around—no matter how many applications get sent. The sick partner is now b
China hit a 5 % growth target in 2025, but the headline numbers hide deeper worries. A housing slump and trade friction with the United States add to a problem that may be harder to solve: young people’s faith in their future. Many millennials and Gen Zers are trading down on everything—from fash
In the last three months of 2025, almost a million UK residents aged 16‑24 were neither working nor studying. The Office for National Statistics says this group, called Neet, made up 12. 8% of that age range. The overall figure has slipped a little compared with last year, but the share of young wom
The Bank of England’s policy adviser, Catherine Mann, warned that a steep climb in Britain’s minimum wage for younger employees has pushed up joblessness among 18‑to‑24‑year‑olds. Recent data show this group’s unemployment rate hit 13. 7% in the last quarter of 2023, a jump from 10. 2% three years e
Tax time is rolling around again, and New Yorkers need to get ready. The state's tax agency has kicked off the 2025 income tax filing season. This is when both the state and federal tax departments start accepting returns. The big deadline is April 15, so mark your calendars. If you need more time,
The job market for young people in the UK is tough. Nearly a million people aged 16 to 24 were not in education, employment, or training (NEET) between July and September 2025. That's a lot of young people struggling to find their footing. The government is so concerned that they launched an indepen
The job market might be in a tricky spot. A special chart, not many people talk about, is making some economists nervous. It's called the Beveridge curve. It shows how job openings and unemployment are connected. Right now, it's hinting that things might get worse soon. Last month, the US added 50,
In the final week of 2025, the number of Americans applying for unemployment benefits saw a slight increase. This rise, though small, hints at a potential shift in the job market. The latest data shows 208, 000 people filed for jobless claims, up by 8, 000 from the previous week. This number matches
