Economic Resilience - The world economy's resilience over the past decade has largely kept at bay recession and unemployment [1] Government Influence - Governments are undermining the fundamental sources of the world economy's strength [1]

Well, I think let's back up and talk about principles. As you think about across time, the the the Fed was set up to be independent and have a dual mandate, unemployment, price stability, i.e. inflation. And their job is to manage you add their management economy through short-term interest rate adjustments to accomplish that outcome.And I think a stable central bank is a is really very important and very important in the United States because of this size economy with 30 trillion dollars plus of debt out t ...

Applications for US unemployment benefits declined for a fifth straight week to the lowest level since mid-April, showing a resilient job market https://t.co/q3b2i79A1o ...

Trade Negotiations between US and South Africa - South Africa is developing a document, potentially a template, for trade negotiations with the US [1] - The current tariffs could put 100,000 jobs at stake [2] - The US has a surplus on the treaty side, requiring a balancing act to achieve equilibrium between the two nations [3] - The automobile industry and strategic areas may be affected by the trade deal [4] - Failure to reach a deal could result in job losses, with over 2,000 jobs potentially impacted down the value chain [5] - The primary concern is to finalize the trade deal by August 1st, or to secure an extension [6] Economic Concerns and Strategies - Losing a trading partner like the US could significantly impact the economy and increase unemployment [7] - South Africa recently obtained a loan from the World Bank [11] - A total loan of approximately 4 billion Rand is expected by the end of the year, staggered for municipalities and policy loop [13] - South Africa is open to issuing Eurobonds for financing [13][14] G20 and Global Issues - The hope is to achieve an agreement and emerge with a communique [7] - Sticking points in the G20 include sustainable finance and global imbalances [8][9] - The US's stance on climate change and climate finance is creating difficulties in the G20 debate [9] - Global imbalances are a sensitive issue, particularly concerning China [9][10]

Australian unemployment unexpectedly climbed to a four-year high in June as hiring almost stalled, bolstering the case for the RBA to cut interest rates next month https://t.co/wi9Q20OMyF ...

India’s jobless rate remained steady at 5.6% for those aged 15 years and above in June, data from the Statistics Ministry shows https://t.co/HCtItdbMTL ...

Economic Growth and Consumer Confidence - Global economic growth remains uncertain, with high interest rates impacting households and businesses[11] - Overall consumer confidence has declined due to high consumer prices, with spending slowing down across most regions except Brazil[13][22] - The OECD global consumer confidence index shows a downward trend, indicating reduced consumer sentiment[20] Manufacturing and Services Sector - Manufacturing experienced its first contraction in 2024, while the services sector continues to show stable growth[14] - Manufacturing growth in China and the US has stagnated, with the Eurozone still in contraction[34] - The services sector remains a bright spot in the global economy, driven by industrial production growth and capital market improvements[45] Trade and Supply Chain - Global trade volume increased by 0.7% in June, primarily driven by growth in developed economies[50] - The global supply chain market is normalizing, with the pressure index reaching historical averages in July[51] - Total port trade in June 2024 decreased compared to June 2023, mainly due to reduced activity in Asian economies[69] Employment and Inflation - Unemployment rates in the US and China continued to rise in July, while Brazil's unemployment rate showed a declining trend[73] - Inflation in developed economies is easing, with the Eurozone facing deflationary pressures[77] - Consumer inflation in developing economies remained stable in July, with only Russia experiencing an acceleration[84] Commodity Prices and Market Trends - Most commodity prices continued to decline in August but remain significantly higher than pre-pandemic levels[89] - Gold prices reached a historical high of $2,439 per ounce in August[93] - Stock markets faced challenges in August, with most exchanges reporting losses[123]

Labor Market Analysis - The overall unemployment rate is relatively low at 42%, but the youth unemployment rate is almost double at 82% [1] - Unemployment for college graduates has increased by over 20% this year [1] - Traditional entry-level jobs are evolving, exemplified by the shift from human cashiers to kiosks at McDonald's [1] Skills and Education - "Hustle," defined as a strong desire and willingness to work hard, is a uniquely human trait valuable in the job market [2] - The ability to ask the right questions is becoming increasingly important in the age of AI, where answers are readily available [5][6] - Success in the workplace requires teamwork and collaboration, contrasting with the individualistic nature of academic learning [8] Advice for Young People - Find something you are passionate about and willing to work hard for [3][10] - Learn to leverage AI effectively [4] - Cultivate strong relationships and build a supportive network [9][10]

RT toly 🇺🇸 (@aeyakovenko)@blknoiz06 If profits are up there is no way unemployment will sustainably rise. People will spend the profits on more shit. ...

it is kinda fucked that unemployment could spike when companies figure out ways to use AI more efficiently & need less employees, bc economic data would look worse but certain companies would actually be++more profitable++more revenues ...