US Employers Cut 23,000 Jobs Amid Iran War Strain
US employers unexpectedly cut 23,000 jobs in July amid Iran war strain, while unemployment dipped to 4.1% as workers left the labor market.
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US employers unexpectedly cut 23,000 jobs in July amid Iran war strain, while unemployment dipped to 4.1% as workers left the labor market.
New data reveals 53% of long-term unemployed Belgians who lost benefits applied for living allowance, far exceeding government estimates of one-third.
China's unemployment insurance fund recorded a 9.13 billion yuan deficit in 2025 as benefit payments surged 34.2%, straining the social safety net.
Wallonia's TerritoiR'ES program created 265 jobs for long-term unemployed, but funding ends in 2026 and the minister says the pilot cannot continue as-is.
Brussels CPAS job seekers surged 83.5% to 34,137 as federal unemployment benefit time-limiting shifts costs to municipal welfare systems.
The US economy added 57,000 jobs in June, well below expectations, as the unemployment rate ticked down to 4.2% and wage growth trailed inflation.
Flemish employment agency VDAB imposed 10,008 sanctions on job seekers in 2025, sparking political debate over enforcement versus guidance.
US jobless claims rose to 225,000, the highest since the Iran war began in February, signaling growing economic strain from the conflict.
Brussels job seeker benefits dropped 28%, but total registrations rose 4.2% and CPAS welfare cases surged 72.2% amid reform-driven shifts.
New research from the NY Fed finds remote work, not AI, is the primary driver of rising unemployment among recent college graduates.
Weekly US jobless claims rose to 215,000, but layoffs remain historically low despite economic uncertainty from the Iran war and rising oil prices.