China's economy showed further signs of weakness in the second quarter. The nation's GDP expanded by 0.8 per cent during April-June, compared with the previous quarter; and worryingly, youth unemployment has hit a record high. Data shows missed growth expectations, and consumers remain cautious, adding pressure on leaders to unveil further stimulus. Here is a look at the main storm clouds over China's economy.

China: Youth unemployment at record high, economy shows signs of weakness | All you need to know

High unemployment and lack of jobs has hit the youth of Jordan hard, with nearly 50% of people below thirty without a job. The dilapidated economy means little to spend on health and education made worse by slow public hiring and slashed subsidies.

Almost half of Jordan's youth population unemployed | The West Asia Post

Although Surat, in the Indian state of Gujarat, is home to one of the world's greatest diamond industries, its business owners lament the lack of demand for the valuable stone on the global market.

India: Fears of employment uncertainties if sanctions continue

Artificial Intelligence could lead to extinction, experts warn. Why are Industry Leaders worried about AI? Will AI cause Mass Unemployment? We Decode the Dangers on #WIONWideangle

Dark side of AI: Deepfakes and disinformation | WION Wideangle

While National Security remains a priority in China the youth is suffering the worst blow. 11.6 million graduates have walked out of their colleges to a market with no jobs. The country saw the worst level of youth unemployment this April, over 20 percent of 16 to 24-year-old job Seekers were unable to find work. The labor market is looking increasingly hostile. China's economy is suffering from a strange mismatch between jobs available and the qualifications of the job seekers, there is no Bridge here.

Record-level of youth unemployment as 11.6 million graduates jobless in China

Official data and a survey in China has revealed that 1 in 5 young workers in cities are unemployed. The numbers showed that consumer spending and other activity in the month of April were weaker than expected.

One in five Chinese is unemployed, reveals official data

A direct fallout of a post-Covid slowdown in the Chinese economy is a rising youth unemployment rate. One report says at least one in five young people across Chinese cities don't have jobs.

China: Guangdong province to send 300,000 youth to countryside for work

China's rising youth unemployment rate is becoming a significant economic challenge for the country and it seems to have come up with some controversial solutions.

China unveils controversial employment plan, offers to send 300,000 jobless youth to villages to find work

Pakistani industries are bracing themselves for cuts in production & workforce. Reports say, 1 million Pakistanis could lose their jobs in the textile sector. Molly Gambhir reports.

Gravitas: Wave of unemployment to grip Pakistan

US job gains surged unexpectedly last month as unemployment slipped to its lowest rate in more than five decades, government data showed Friday, indicating strength in the labour market despite efforts to ease economic activity.

US sees surprise surge in hiring, unemployment slips to lowest in over five decades

Tech companies including Meta, Twitter, Google are firing employees left, right and centre. Where does this leave your job security? Are you next in the line? Will you be fired too? Listen in to Molly Gambhir.

Gravitas: Tech layoffs: Is your job safe?

The biggest tech companies have announced mass layoffs blaming a slowing economy for the job cuts. Is the tech dream going to crash? Priyanka Sharma tells you more.

Gravitas: Why are Tech Giants laying off thousands?

The COVID-19 pandemic has been devastating for the Chinese economy and CNN reported on Monday that around 20 million people between the ages of 16 and 24 are currently unemployed.

Nearly one out of five Chinese are unemployed amid COVID-19 crisis: Report

Unemployment is set to rise in the UK, partly because working age youth just don't want to work. Nearly 1 in 10 young people never intend to start working, according to a research by Opinium for City and Guilds. Watch this video for details.

1 in 10 youth won’t start working in UK

On Saturday, amid reports and speculation of possible layoffs, the food aggregator Zomato also confirmed that it will lay off just under 3 per cent of its workforce across the country based on regular performance.

India: Zomato confirms country-wide layoffs, will affect at least 3 per cent of staff

Tech companies across the world are on a firing spree. Their actions are set to bring hardships for fired employees. How can they deal with the emotional & mental impact of losing a job?

Gravitas: How to handle being unemployed?

On Monday, the International Labour Organisation (ILO) in the 10th edition of its monitoring report on the World of Work said that global employment growth will “deteriorate significantly” in the upcoming quarter of 2022.

ILO: Global employment growth will ‘deteriorate significantly’ in Q4 of 2022

The United States economy shrank in the first half of this year, confirming concerns about a general downturn that might trigger a recession. At the same time, a measure that frequently indicates the rate of layoffs—the number of persons applying for unemployment benefits—fell to a five-month low.

Explained: Early signs of a recession; who decides if it's officially begun?

China’s youth unemployment rate reached a record high of 19.3%, in the month of June with nearly one out of five young people being out of work, the media reported.

One in five young people in China is unemployed, Covid curbs likely cause: Report

According to government data released on Friday, American employers reduced their hiring pace in August following the unexpected increase in the previous month, and the unemployment rate edged up.

US employers slowed pace of hiring in August, unemployment rate ticks up

Recent studies suggest that being lonely might increase the likelihood of being unemployed in the future. Later, losing a job is substantially more likely for those who often feel lonely.

Study reveals loneliness may increase risk of unemployment in future

Bank of America has been fined $225 million by a pair of U.S. banking regulators over what they called a "botched" handling of unemployment benefits during the pandemic.

Bank of America fined $225 million for 'botched' handling of unemployment benefits

In China, a record 10.8 million university graduates face a daunting future: a bad job market and a bad state of the economy in general. For context, the nation's soon-to-be graduates number more than the entire population of Portugal and all of them are about to enter one of the worst job markets in the last few decades of China's history.

Covid, lockdowns and now unemployment: 10.8 millions university graduates face a dark future in China

The UK rate of unemployment dropped to 3.7% in the three months to March, the lowest since 1974. For the first time, there were fewer unemployed people than job vacancies.

UK jobless rate drops to 3.7% in quarter 1, lowest since 1974

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