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Millions of Gen Z are jobless yet ghosting employers. Phone anxiety is to blame—and experts say voice notes are the cure

Rohit Prasad is one of the most influential figures at Amazon right now. He jumped from being Alexa’s head scientist to running its AI team and reporting directly into the CEO Andy Jassy. And it’s all thanks to a random phone call he received in 2013.  “When Amazon called to build Alexa, I had no … Read more

25-year-old who delivered donuts to Silicon Valley bosses with his resume hidden inside is going viral—as millions of Gen Zers remain jobless

We’ve heard from a Gen Zer who waitressed at a major tech conference just to get her CV into the hands of hiring managers and a graduate who cold emailed her dream employers with the subject line, “proposal to hustle”. Now, another unusual way to grab hiring managers attention is going viral: Sneaking your resume … Read more

Weekly jobless claims surge to 241,000, more than expected, in latest sign of economic trouble

Initial unemployment claims posted an unexpected increase last week in a potential trouble sign for the wobbling U.S. economy. First-time filings for unemployment insurance totaled a seasonally adjusted 241,000 for the week ending April 26, up 18,000 from the prior period and higher than the Dow Jones estimate for 225,000, the Labor Department reported Thursday. … Read more

Summers warns U.S. likely headed to recession, 2 million jobless

Former Treasury Secretary Lawrence Summers warned that the U.S. is now likely headed toward a recession, with potentially 2 million Americans put out of work, thanks to the tariff increases now in train. “It’s more likely than not that we’re going to have a recession — and in the context of a recession, we’ll see … Read more

Weekly jobless claims jump to 242,000, more than expected in latest sign of economic softening

Demonstrators hold signs during a rally for federal workers at the US Capitol in Washington, DC, US, on Tuesday, Feb. 11, 2025.  Tierney L. Cross | Bloomberg | Getty Images Initial filings for unemployment benefits hit their highest level of the year last week in another potential signs of weakness in the labor market. Jobless … Read more

10-year Treasury yield back above 4.6% after mixed jobless claims data

Treasury yields were slightly higher early Friday after a mixed set of data on weekly jobless claims. The yield on the benchmark 10-year Treasury was 3 basis points higher at 4.607%, slightly down from its peak earlier in the week but back above the 4.6% level it had not breached since May. The 2-year Treasury was fractionally higher … Read more

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