Earlybird AI, a B2B startup that assists job seekers using innovative multilingual, voice-first AI technology, has raised £625,000 ($800,000) in pre-seed funding. The investment comes from diverse backers, including Google, Resolution Ventures, and Ada Ventures. Tackling Unemployment With AI Earlybird AI addresses a pressing issue: nearly 11 million people in the UK are unemployed, and the unemployment rate rose to 4.4% between February and April 2024. Founded by Claudine Adeyemi-Adams and Boris Bambo, the platform improves employment support by directly engaging participants through simulated voice-powered connections. Adeyemi-Adams, who experienced homelessness
The latest U.S. jobs report found that while overall job creation has begun to slow, the unemployment rates for Black workers have shown notable improvement, according to Fast Company. An Overall Decrease In Jobs Employers added 175,000 jobs in April, a deceleration from previous months. Yet, this slowdown comes after an unprecedented streak of low unemployment rates, remaining under 4% for 27 consecutive months—the longest stretch in over half a century. The overall unemployment rate experienced a slight increase to 3.9%, yet this minor increase doesn’t signal a weakening labor market.
Last month, US payrolls soared in and the unemployment rate dropped, however, the opposite was true for Black Americans, especially Black women. Unemployment For Black Women Black unemployment rates have surged reaching a peak not seen since August 2022. As per the latest Labor Department data, the overall unemployment rate for Black Americans climbed to 6.4% in March 2024, up from 5.6% in February. The three-month average unemployment rate for Black people has risen to 5.8%, up from 5.4%. However, the overall shift is mainly seen among Black women, who have experienced employment
