Labour Market Data

Unemployment rate in rural areas fell to 4.4%

The headline unemployment rate for people of age 15 and above in the current weekly status (CWS) terms for rural areas fell further to 4.3 per cent in August

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

In his monthly Mann ki Baat address, PM Modi said that until 2015, government schemes could reach even fewer than 250 million people

Rising labour productivity is the foundation of long-term improvements in real incomes, which are crucial for improving living standards and enhanced personal empowerment

The unemployment rate in urban areas stood at 6.5 per cent as against 4.5 per cent in rural areas

The data included the Good Friday holiday, which was later this year compared to 2024. Claims tend to be volatile around moving holidays

The national database of informal sector workers eSharm portal has crossed the 30-crore registrations milestone in a period of three years, the labour ministry said on Monday. This achievement highlights the social impact and the government's commitment to support unorganised workers across the country, a labour ministry statement said. According to the statement, the Ministry of Labour & Employment (MoLE) launched the eShram portal on August 26, 2021. In three years since its launch, eShram has registered more than 30 crore unorganised workers, showcasing its rapid and widespread adoption among the unorganised workers, it stated. The government envisages to establish the eShram portal as a "One-Stop-Solution" for the country's unorganised workers. During the Budget speech 2024-25 it announced that, "a comprehensive integration of eShram portal with other portals will facilitate such One-Stop-Solution." This initiative aims to facilitate access of various social security schemes

Workplace exploitation: In a survey conducted by UNI Global Union, as many as 1,838 Amazon employees reported dire working conditions at its facilities in India

In what suggests some robustness, nearly 67 per cent of the total new EPF subscribers belong to the 18-28 age group, a cohort mostly comprised of new entrants to the labour market

The International Labour Organisation's report revealed that while the wages of casual labourers maintained a modest upward trend during 2012-22, real wages of regular workers either remained stagnant

Earlier in September 2023, 950,527 subscribers had joined the EPF. This data is crucial as only the formal workforce enjoys social security benefits and is protected by labour laws

A moderation in quits may imply Americans are feeling less confident in their ability to find other jobs in the current market or reflect a smaller wage premium on offer for job-switchers

Self-employment has improved as government programmes take care of primary subsistence needs, it says

The unemployment rate among men and women has been estimated at 6.6 and 9.4 per cent, respectively

The Periodic Labour Force Survey (PLFS) conducted during July 2020-June 2021 collected information on migration and temporary visitors to households

Employment increased from 402.9 million in April to 404 million in May

The faster pace of hiring shows that more Americans returned to workplaces as Covid-19 cases declined

India's LFPR was 50.2% according to the Periodic Labour Force Survey 2018-19. The pandemic further pushed people out of work

The number of Americans filing first-time applications for unemployment benefits surged last week