Jobs

• A new industry-commissioned study suggests that implementing a federal film tax credit could increase U.S. production spending by $125 billion. • The report estimates that this tax incentive would create more than 143,000 new jobs across the film and television sectors. • This policy would likely increase the competitiveness of the U.S. market against other regions that offer similar production incentives.

Rotherham has 46 online vacancies for every 1,000 young people but there are 288 in Cotswold district council areaYoung people in Rotherham face a local jobs market with the fewest suitable opportunities in Britain, according to a report that warns stark regional divisions are fuelling a crisis in youth work.As ministers push to combat rising youth unemployment, the analysis from the Institute for Public Policy Research (IPPR) showed young people faced a tougher challenge in some parts of the country to find work than in others. Continue reading...

More than a million people have left work to look after loved ones in the past two years, Carers UK saysAbout 1,500 Britons a day are quitting their jobs to become unpaid carers, as they try to balance their vulnerable relatives’ growing care needs with declining access to state-funded social care services.Research estimates that more than a million people have left the workplace to look after ageing, ill and disabled loved ones in the past two years, highlighting the social challenges caused by UK’s rapidly changing demographic profile. Continue reading...

Firm, once part of Sanjeev Gupta’s empire, fell into administration last year but has failed to find buyerBusiness news – live updatesOne of Britain’s steelworks is to come into public ownership after the government said it would take over Yorkshire-based Speciality Steel UK (SSUK).Jonathan Reynolds, the business secretary, said officials would “work towards” acquiring the company to protect the jobs of its 1,300 workers in Rotherham, Stocksbridge and Brinsworth in South Yorkshire and Wednesbury in the West Midlands. Continue reading...

• Google will invest at least EUR13 billion in Finnish AI infrastructure between 2027 and 2028. • The company is expanding its Hamina data center and adding new sites in Kajaani, Muhos, and Vaala, supported by a 22-year nuclear power agreement with Fortum. • This investment secures long-term energy stability for AI operations through a mix of nuclear power, wind energy, and battery projects.

• Prime Minister Modi laid the foundation stone for a new HCL-Foxconn semiconductor manufacturing unit in Uttar Pradesh. • Mistral raised €3 billion in a funding round that marks the largest tech investment in European history. • A global study found that 81% of financial firms have integrated artificial intelligence into their operations.

The sector is concerned by reports that there won’t be a cap on the levy that can be imposed by mayorsGood morning. Last year Andy Burnham, who was then mayor of Greater Manchester, and his close friend and ally Steve Rotheram, mayor of the Liverpool city region, were urging the government to allow mayors in England to bring in what they called a visitor levy.Burnham and Rotheram were pushing at an open door. In May this year Keir Starmer included plans for an overnight visitor levy bill in the king’s speech. Continue reading...

• The latest US jobs report provided the Federal Reserve with the flexibility to keep its policy options open regarding future interest rate moves. • Treasury yields may stay elevated if inflation remains sticky and the labor market does not weaken. • Higher yields would reinforce tighter financial conditions for markets and borrowers even if the Federal Reserve does not immediately hike rates.

• McLaren is investing £450 million into its Woking manufacturing and research center to overhaul its product strategy. • The investment will create 1,000 UK jobs, including roles for agency and indirect workers. • This expansion occurs as other UK automakers face pressure from Chinese competition and tariffs, such as Jaguar Land Rover cutting 4,000 positions.

• McLaren is launching a £450 million overhaul of its Woking operations to expand its manufacturing and research capabilities. • The investment will create 1,000 new jobs for a company that currently employs more than 2,500 people. • This expansion follows a merger with electric vehicle start-up Forseven Holdings and aims to boost the British automotive sector.

AFL-CIO calls for ban on such labels to protect consumers and workers from surveillance pricing and job cutsThe universal adoption of electronic shelf labels in grocery stores across the US could cost tens of thousands of jobs and billions of dollars in lost wages while further driving up grocery costs, according to a report released on Tuesday.An analysis by the AFL-CIO Tech Institute of the label manufacturers’ own marketing materials found the universal adoption of electronic shelf labels, which are marketed to retailers as a cost-cutting measure, could cost workers between $1.6bn to $6.9bn in lost wages annually and affect between 44,223 and 191,633 jobs. Continue reading...

New roles at Woking-based manufacturer will include positions for indirect and agency workersThe British supercar manufacturer McLaren is to create 1,000 jobs in a welcome boost to the UK’s struggling automotive industry.The carmaker is creating the jobs as part of a £450m investment in its technology centre in Woking, near to the plant where it manufactures all of its vehicles. Continue reading...

Facilities likely to employ 10,400 workers, compared with 40,000 in industry estimates, thinktank saysDatacentres in the UK will create just a quarter of the jobs predicted by the tech sector, while consuming vast amounts of energy, according to new research.Environmental thinktank Verdant predicts that all the datacentres currently planned are likely to directly employ 10,400 workers – compared with the more than 40,000 cited in projections by the industry lobby group TechUK. Continue reading...

• The New York Fed released its August Survey of Consumer Expectations showing that households now expect lower inflation over the medium term. • Survey data revealed a mixed labor market outlook where expectations for unemployment and finding new jobs worsened, but expectations for job losses and quitting improved. • These consumer sentiment trends provide critical data for the Federal Open Market Committee as it assesses economic conditions to make monetary policy decisions.

• A New York Fed report indicates that consumers are increasingly concerned about their personal finances and job security. • Federal Reserve policymakers are currently maintaining the benchmark overnight interest rate in the 3.50%-3.75% range to combat inflation that exceeds their 2% target. • These economic pressures create uncertainty for borrowers and investors regarding whether interest rates will rise or fall.

• US markets are closed today for the Labor Day holiday following a stronger-than-expected jobs report released last Friday. • The positive employment data has increased market expectations that the Federal Reserve may raise interest rates at its September meeting. • Higher interest rates typically increase borrowing costs for businesses and consumers while influencing global investment flows.

Carmaker, which is battling Trump tariffs and fallout from cyber-attack, wants to reduce 34,000-strong UK workforceBusiness live – latest updatesJaguar Land Rover has announced thousands of job cuts as it grapples with tough conditions in the car market, Donald Trump’s tariff wars and the fallout from a cyber-attack.Britain’s largest carmaker, which is owned by the Indian conglomerate Tata, on Monday confirmed the anticipated cuts, saying it wants to reduce its 34,000-strong UK workforce by about 4,000 over two years, as part of an effort to save £1.7bn. Continue reading...

• Japan's Nikkei index rose 2 per cent and South Korea's Kospi rallied 3 per cent following strong U.S. jobs data. • The Nikkei's rebound followed a 2 per cent loss during the week ending September 6. • Positive employment figures in the U.S. improved the global growth outlook, though rising bond yields continue to pressure equity valuations.

• U.S. employers added 162,000 nonfarm payrolls in August 2026, far exceeding the forecast of 53,000. • The AI-exposed information sector shed 23,000 jobs, which is nearly triple its average monthly loss over the past year. • This strong overall job growth increases the likelihood that the Federal Reserve will raise interest rates during its September 15-16 meeting.

• Wall Street stocks fell and Treasury yields rose during early trading following a stronger-than-expected U.S. jobs report. • The government reported that U.S. employers added 162,000 jobs to their payrolls last month. • Strong employment data increases the likelihood that the Federal Reserve will raise interest rates to combat inflation.

• U.S. Treasury yields and the dollar rose while stocks declined on Friday following a stronger-than-expected jobs report. • Short-term interest-rate futures showed the probability of a Federal Reserve rate hike in September jumped to 65% immediately after the data release. • These market shifts indicate that strong employment growth may lead the Federal Reserve to maintain higher interest rates to combat inflation.

• The Labor Department is set to release its monthly jobs report this Friday to clarify whether the economy is maintaining strong growth despite persistent inflation. • Investors are currently treating the Federal Reserve's upcoming interest rate decision as a close call. • Labor market data will influence whether the Federal Reserve raises interest rates to combat inflation that is not moving down at a sufficient speed.

• Asian equity markets are seeing cautious gains as investors focus on upcoming US jobs data, geopolitical tensions involving Iran, and movements of the Yen. • Bank of England chief economist Pill suggested the bank rate needs to be raised to 4%. • Market volatility is expected as traders balance dovish signals from the US Federal Reserve against hawkish stances from the BOE and vigilance from the Riksbank.

• The U.S. dollar has stabilized as traders reduce their bets on hawkish monetary policy shifts ahead of an upcoming employment report. • Market participants are adjusting expectations based on the anticipated jobs data, though specific percentage shifts were not provided. • Currency volatility directly impacts international trade costs and investment strategies for professionals managing multi-currency portfolios.

• European shares declined on Friday as investors adopted a cautious stance while awaiting the release of critical U.S. jobs data. • Volkswagen shares surged 6% following the announcement of a restructuring plan that includes cutting 50,000 jobs. • Broader market pressure came from banking and chemical stocks, alongside rising oil prices driven by Middle East tensions, which heightened inflation fears.

• Asian stock markets rose, with South Korea’s KOSPI gaining 1.5% and Singapore’s Straits Times Index increasing by 0.7%, as bond yields retreated and oil prices steadied. • Mitsubishi Corp climbed nearly 5% and financial stocks advanced following comments from Berkshire Hathaway CEO Greg Abel, who reaffirmed the firm's long-term commitment to Japanese investments. • The rally is driven by Berkshire Hathaway's existing 10%+ stakes in major Japanese trading houses and signals that the conglomerate may further increase these holdings.

• On September 3, 2026, the Dow, S&P 500, and Nasdaq all rallied as Treasury yields eased ahead of the August jobs report. • Market optimism was supported by expectations for the S&P Global services PMI (expected 56.8) and the ISM services index (expected 54.1), both indicating continued economic expansion. • This growth suggests the economy is resilient enough to support corporate earnings and risk assets without triggering more restrictive Federal Reserve policies.

Under-pressure carmaker will shed 15% of workforce and halve its product line in sector’s biggest ever restructureThe car company Volkswagen has confirmed that it will shed 100,000 jobs by the end of the decade after being hit by US tariffs and fierce competition from Chinese rivals.The German manufacturer said management and unions had agreed as part of a sweeping cost-cutting plan to cut a further 50,000 positions by 2030, bringing total job losses in the pipeline to 100,000. Continue reading...