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Jobs In US
When the Labour Department put out a disappointing jobs report a month ago, an enraged President Donald Trump responded by firing the economist in charge of compiling the numbers and nominating a loyalist to replace her. Nothing quite so dramatic is likely Friday when the department releases hiring and unemployment numbers for August. They are expected to show that companies, government agencies and nonprofits added a modest 80,000 jobs last month, according to a survey of forecasters by the data firm FactSet. That would be a slight improvement on July's 73,000 but still offer more evidence that the American job market has cooled significantly from last year. The unemployment rate is forecast to stay at a low 4.2 per cent suggesting that employers are stuck in a no-hire, no-fire mode: They are reluctant to add many new workers but don't want to give up the ones they have. But there are signs they may be starting to cut staff. The US job market has lost momentum this year, partly .
US hiring is slowing sharply as President Donald Trump's erratic and radical trade policies paralyse businesses and raise doubts about the outlook for the world's largest economy. US employers added just 73,000 jobs last month, the Labor Department reported Friday, well short of the 115,000 expected. Worse, revisions shaved a stunning 258,000 jobs off May and June payrolls. And the unemployment rate ticked higher to 4.2% as Americans dropped out of the labour force and the ranks of the unemployed rose by 221,000. A notable deterioration in US labour market conditions appears to be underway,' said Scott Anderson, chief US economist at BMO Capital Markets. We have been forecasting this since the tariff and trade war erupted this spring, and more restrictive immigration restrictions were put in place. Overall, this report highlights the risk of a harder landing for the labour market.' Economists have been warning that the rift with every US trading partner will begin to appear this ..
Fourteen North Korean nationals have been indicted in a scheme using information technology workers with false identities to contract with US companies workers who then funneled their wages to North Korea for development of ballistic missiles and other weapons, the head of the FBI office in St. Louis has said. The scheme involving thousands of IT workers generated more than USD88 million for the North Korean government, Ashley T Johnson, special agent in charge of the St. Louis FBI office, said at a news conference on Thursday. In addition to their wages, the workers stole sensitive information from companies or threatened to leak information in exchange for extortion payments, Johnson said. Victims included defrauded companies and people whose identities were stolen from across the US, including Missouri, Johnson said. The indictments were filed Wednesday in US District Court in St. Louis. All 14 people face wire fraud, money laundering, identity theft and other charges. Most of .
A comprehensive jobs data is the need of the hour in India to help understand what kind of employment opportunities are getting created and which sectors are hiring, and the government should look at developing an equivalent of the Bureau of Labour Statistics (BLS) in the US, Wadhwani Foundation Global President and CEO Ajay Kela told PTI. "India is a young country and the youth population is massive. Every month we have one million people who turn 18 and they need jobs. We must make sure there are jobs available for all such people who need to support themselves and their families," Kela told PTI in an interview on Tuesday. On his expectations from the interim budget, Kela said, "What's missing in India is that there is no solid data in the job space. The US has the BLS, we don't have an equivalent of that. "Any programmes or schemes you develop... in the absence of not understanding what jobs are getting created, which sectors are hiring, what do the next 4-5 years look like in ..
Coming to the defence of thousands of Indian-Americans languishing in the decades-old green card backlog, an Indian diaspora body has urged the Biden Administration to relax the rules of issuing employment authorisation cards. Around 1.1 million Indian-origin non-immigrant visa holders are waiting for their priority date to become current to apply for an I-485 for a green card, the Foundation for India and Indian Diaspora Studies (FIIDS) said, adding that the country-wise limit of seven per cent restricts their annual approval, causing almost 135 years of delays, and estimated more than 400,000 would not see permanent residency in their lifetime. Issuing Employment Authorisation Cards during the early stages of green card processing would help a large number of Indian Americans, their spouse and grown-up kids from a lot of uncertainties and distress, FIIDS said. Recognising the imperative of maintaining America's competitive advantage, it is crucial to acknowledge the immense ...