Economy
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'The search is soul-destroying': Young jobseekers on the struggle to find work
'The search is soul-destroying': Young jobseekers on the struggle to find work Young people are bearing the brunt of the UK's weak labour market, according to new figures from the Office for National Statistics (ONS). Some 16.1% of people aged 16 to 24 are not able to find work, compared to a national unemployment figure of 5.1%. That does not include young people who are out of work but not looking for a job, due to ill health or who are still studying. Businesses, particularly in sectors that traditionally gave young people their first jobs, like retail and hospitality, say higher costs are leading them to cut staff or not take on new hires, which often hits young workers the hardest. But graduate-level roles are also proving harder to land.
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The US economy is growing - so where are all the jobs?
The US economy is growing - so where are all the jobs? When 42-year-old Jacob Trigg lost his job as a project manager in the tech industry he didn't think it would take too long to find a new one - he always had before. But more than 2,000 job applications later he is still hunting, trying to make ends meet with jobs in package delivery and landscaping. It's a huge surprise because I've always been able to get a job very easily, said Trigg, who lives in Texas. It wasn't even on my radar to be prepared for more than six months of unemployment.
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What Executives Are Saying About the 'K-Shaped' Economy
The U.S. economy is growing, but not evenly. What began as an uneven rebound from the Covid pandemic has hardened into what many economists describe as a "K-shaped" economy, in which higher-income households pull ahead while lower-income households fall further behind. High interest rates, rising costs and the rapid growth of artificial intelligence could deepen those divides, economists warn. "We are returning to a typical pattern of extremely high income inequality, and it now stands at a 60-year peak," Beth Ann Bovino, chief economist at U.S. Bank, wrote in a recent report. "The worry is not just where we stand now, but also whether ongoing developments will worsen the situation."
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America Isn't Ready for What AI Will Do to Jobs
This story appears in the March 2026 print edition. While some stories from this issue are not yet available to read online, you can explore more from the magazine . Get our editors' guide to what matters in the world, delivered to your inbox every weekday. America Isn't Ready for What AI Will Do to Jobs Does anyone have a plan for what happens next? In 1869, a group of Massachusetts reformers persuaded the state to try a simple idea: counting. The Second Industrial Revolution was belching its way through New England, teaching mill and factory owners a lesson most M.B.A. students now learn in their first semester: that efficiency gains tend to come from somewhere, and that somewhere is usually somebody else. They were operating at speeds that the human body--an elegant piece of engineering designed over millions of years for entirely different purposes--simply wasn't built to match. The owners knew this, just as they knew that there's a limit to how much misery people are willing to tolerate before they start setting fire to things. Still, the machines pressed on. Check out more from this issue and find your next story to read. So Massachusetts created the nation's first Bureau of Statistics of Labor, hoping that data might accomplish what conscience could not. By measuring work hours, conditions, wages, and what economists now call "negative externalities" but were then called "children's arms torn off," policy makers figured they might be able to produce reasonably fair outcomes for everyone. A few years later, with federal troops shooting at striking railroad workers and wealthy citizens funding private armories--leading indicators that things in your society aren't going great--Congress decided that this idea might be worth trying at scale and created the Bureau of Labor Statistics. Measurement doesn't abolish injustice; it rarely even settles arguments. But the act of counting--of trying to see clearly, of committing the government to a shared set of facts--signals an intention to be fair, or at least to be caught trying. It's one way a republic earns the right to be believed in. The BLS remains a small miracle of civilization.
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