Wall Street Update: Dow Tumbles over 500 Points amid New Tariffs, Weak Jobs Report

Aug 1, 2025 | As the global trade market is hit with President Trump's new tariffs, the latest jobs report shows job growth has slowed sharply. Trump is blaming Fed Chair Jerome Powell for the weak report. NBC News' Shannon Pettypiece and Garrett Haake have the latest reporting. Axios Chief Economic Correspondent Neil Irwin joins Ana Cabrera to share his analysis.

Britain Prepared for a Jobs Crisis, Just Not the One It Got

THE NEW YORK TIMES: Instead of a surge in unemployment, businesses are struggling to fill positions, presenting a new risk to the pandemic recovery.

The Department for Work and Pensions has doubled the staff it has to help others find jobs. Liz Maifredi manages five London job centers for the agency.Credit...Tom Jamieson for The New York Times
Empty beer taps in pubs, supermarkets low on Diet Coke, milkshakes missing at McDonald’s: It seems each new day in Britain brings a new notice of scarce products and services as businesses are waylaid by the country’s shortage of truck drivers and other workers.

The problem extends beyond the most visible parts of the economy. Job vacancies in Britain are about 20 percent higher than their prepandemic levels, and the need for workers has gripped nearly every occupation, including computer programmers, health care assistants and farmworkers.

Yet Britain also has nearly a quarter of a million more people unemployed and looking for work than before the pandemic. And that’s not counting the roughly one million people still furloughed— either not working or working part time while getting wage subsidies from the government. Many are likely to lose their jobs when the program ends this month.

The labor market, in short, is in a logjam: Employers have positions they need to fill, and plenty of people are looking for work, but the empty positions don’t match what people are prepared for or want to do. The United States has the same problem, and it’s threatening President Biden’s huge infrastructure-building plans. » | Eshe Nelson | Monday, September 13, 2021

Delaying Brexit border checks on food won’t prevent shortages, UK firms warn »

U.S. Employers Added 235,000 Jobs in August, a Marked Slowdown

THE NEW YORK TIMES: The American economy slowed abruptly last month, adding 235,000 jobs, a sharp drop from the huge gains recorded earlier in the summer and an indication that the Delta variant of the coronavirus is putting a damper on hiring.

The Labor Department report on Friday follows a sharp increase in coronavirus cases and deaths that has undermined hopes that restrictions on daily activities were nearing an end.

The unemployment rate was 5.2 percent, compared with 5.4 percent in July. Economists polled by Bloomberg has been looking for gain of 725,000 jobs.

“There’s no question that the Delta variant is why today’s job report isn’t stronger,” President Biden said. “I know people were looking, and I was hoping, for a higher number.”

The August showing would have been respectable in pre[-]pandemic times. But after gains of 962,000 in June and 1.05 million in July — and with more than eight million people unemployed — it was a sharp deceleration.

“Delta is a game-changer,” said Diane Swonk, chief economist at Grant Thornton, an accounting firm in Chicago. “It’s not that people are laying off workers in reaction to Delta but people are pulling back on travel and tourism and going out to eat and that has consequences.” » | By Nelson D. Schwartz | Friday, September 3, 2021

Up to 100,000 UK Jobs At Risk as Merkel and Juncker Ally Warns on Euro Clearing

THE GUARDIAN: EU lawmaker Manfred Weber says sector must relocate out of City of London after Brexit

The future of an estimated 100,000 jobs has been plunged into doubt after a close political ally of the German chancellor, Angela Merkel, and president of the European commission, Jean-Claude Juncker, warned that a prized sector in the City of London must relocate to EU soil after Brexit.

Manfred Weber, the leader of the largest political group in the European parliament, to which both the German chancellor and the commission president belong, told reporters that euro-denominated clearing could no longer be undertaken in the City when the UK leaves the EU.

“EU citizens decide on their own money,” Weber said during a press conference in Strasbourg on Tuesday. “When the UK is leaving the European Union it is not thinkable that at the end the whole euro business is managed in London. This is an external place, this is not an EU place any more. The euro business should be managed on EU soil.” Read on and comment » | Daniel Boffey | Tuesday, April 4, 2017

BBC Documentary: Who Gets the Best Jobs?

Richard Bilton examines the social barriers that have contributed to the UK being more unequal than at any other time in history.

The Café - Young and Disillusioned in Sarajevo
Young Bosnians gather in the Café to discuss the challenges they face in their fragmented country

The International Labour Organisation's Guy Ryder Speaks to Al Jazeera
The ILO's Guy Ryder speaks to Al Jazeera about the mass sackings of workers in Bahrain following a government crackdown on pro-democracy protests

Italy Risks Brain Drain Amid Tough Job Market

Harriet Harman Backs Down Over Employment Equality for Churches
TIMES ONLINE: Harriet Harman has backed away from a confrontation with religious leaders over who they can employ, making clear that she will not force contentious amendments to the Equality Bill through Parliament.

Ministers were astonished on Monday when the Pope said that the Bill violated “natural justice” and urged bishops to fight it. But that attack, along with the strength of opposition in the Lords and the limited time left to get Bills passed before the election, has sapped the Government’s enthusiasm to continue the fight.

Ms Harman, the Equalities Minister, has been engaged in a long dispute with churches and religious organisations over their exemption from anti-discrimination employment law, and how it affects “non-religious” posts. >>> Rosemary Bennett, Ruth Gledhill | Wednesday, February 03, 2010

Saudis 'Must Offer Shia Equality'
Qom. Photo: Google Images
BBC: A report by the Human Rights Watch pressure group has detailed what it says is systematic discrimination in Saudi Arabia against Shia Muslims.

Unfavourable treatment of minority Shia extends from education and employment to the justice system, leading to a big increase in sectarian tension, it says.

They comprise 10 to 15% of the Saudi population, and have long complained of being treated as second-class citizens.
Human Rights Watch wants a government commission to tackle the problem.

Saudi Arabia follows the puritanical form of Sunni Islam known as Wahhabism, and many Wahhabi clerics regard Shia Muslims as unbelievers.

Equal opportunities

The report focuses on an incident in February, when Shia pilgrims in the holy city of Medina clashed with religious police.
This led to Shia demonstrations in the Eastern Province followed by the arrest of a number of the protestors.

Shias want equal opportunities in government and the military as well as freedom of worship.

They want to be able to build their own mosques, have their civil courts granted more power and to print their own religious books. >>> | Thursday, September 03, 2009