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Moody's Ratings on Tuesday said the reduction of the US tariff rate on most Indian goods is credit positive for labour-intensive sectors such as gems, jewellery, textiles and apparel, which are the top export sectors. India and the US have agreed to a trade deal under which Washington will bring down reciprocal tariff on Indian goods to 18 per cent from current 25 per cent, US President Donald Trump said on Monday after a phone conversation with Prime Minister Narendra Modi. Moody's in a statement said the trade deal will reinvigorate India's goods export growth to the US, which remains the country's largest goods export market, accounting for about 21 per cent of India's total goods exports for the first 11 months of 2025. "Lower tariff rate will also be credit positive for labour-intensive sectors such as gems, jewellery, textiles and apparel, which rank the top export sectors," it said. However, pharmaceuticals and consumer electronics, the other two major export sectors, had be
Retail inflation for farm and rural workers eased to -0.07 per cent and 0.31 per cent, respectively, in September from 1.07 per cent and 1.26 per cent in August, respectively, according to the Labour Ministry data released on Saturday. For the month of September 2025, the All-India Consumer Price Index for Agricultural Labourers decreased by 0.11 points to 136.23, while the index for Rural Labourers decreased by 0.18 points, reaching 136.42, the labour ministry said. The CPI-AL and CPI-RL were 136.34 points and 136.60 points, respectively, in August 2025. The Food Index decreased by 0.47 points for Agricultural Labourers (AL) and 0.58 points for Rural Labourers (RL) in September 2025. Food inflation in September 2025 stood at -2.35 per cent for AL and -1.81 per cent for RL," the ministry stated. These indices are based on data collected from a set of 787 sample villages across 34 States/UTs.
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 job openings rose unexpectedly in May, a sign that the American labour market remains resilient in the face of high borrowing costs and uncertainty over US economic policy. US employers posted 7.8 million vacancies in May, The Labour Department reported Tuesday, up from 7.4 million in April. Economists had expected a slight decrease to 7.3 million. The number of Americans quitting their job a sign of confidence in their prospects rose modestly, and layoffs fell. Openings are high by historical standards but have come down sharply since peaking at a record 12.1 million in March 2022. The US job market has steadily decelerated from hiring boom of 2021-2023 when the economy bounced back from COVID-19 lockdowns. The unexpectedly strong post-pandemic recovery ignited inflation, prompting the Federal Reserve to raise its benchmark interest rate 11 times in 2022 and 2023. The higher borrowing costs have gradually cooled the labour market, and President Donald Trump's policy of taxin