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Heatwave drags manufacturing growth to three-month low in May: PMI data

But the sector remains in expansionary territory in May. Manufacturing employment rose to one of the greatest extents seen since data collection started in March 2005

Investment demand at 4-quarter low, consumption remains sluggish

As a share of nominal GDP, PFCE accounted for 57.9 per cent for the March quarter compared with 58.2 per cent during the same quarter a year ago

Contractual labour on rise in 9 major non-farm sectors, shows govt data

The results for the fifth and sixth rounds of the QES - pertaining to Q1 and Q2 of FY23 were released after a gap of nearly 20 months

New non-farm jobs in Q2FY23: Higher than Q1 but below Omicron-hit Q4FY22

But in first half of the FY, new hirings halved compared to Omicron-hit H2 of FY22

India's GDP growth in Q4 likely slowed to at least a four-quarter low

NSO to release Q4 growth numbers, FY24 provisional estimates on Friday

ILO to hold talks to add framework for workforce protection in care economy

Member countries, including India, are expected to develop their national policies for promotion of care workers in line with international standards

Flash composite PMI up at 61.7 in May, job creation strongest in 18 years

The survey also noted that amid reports of higher labour and material costs, input prices across the private sector rose at the fastest pace in nine months

Financialisation of household savings can fund private capex: Goldman Sachs

The report titled 'Changing Contours of Indian Household Savings' notes that within financial savings, allocations are shifting from banks to non-banks, especially into retirement savings

CITU writes to labour ministry seeking release of AICPI-IW figures

The CPI-IW figures have not been released for the months of February and March, and the labour bureau has not given any explanation for not releasing the indices on the stipulated dates

Manufacturing share in capital formation down between FY19 and FY23

The report notes that the share of public administration and defence improved, attributable to increased government spending

New formal hirings at a 34-month low in March, shows EPFO payroll data

Share of youth, women slightly increased; net payroll additions down by 7%

Share of women in urban salaried jobs at 6-year low in Q4FY24: PLFS

The share of women in wage work was the highest in Q1 of FY21 at 61.2 per cent

Most states out with draft rules under new labour codes: Labour Secy Dawra

Says states are making sure the industry does not have to face different rules while moving from one state to another

UN revises India's GDP growth forecast by 70 basis points to 6.9%

The UN body also noted that surging demand for critical minerals presented new opportunities for developing economies but pointed to a need for innovation and policy and institutional reforms

Urban jobless rate reaches four quarter high in Q4FY24: PLFS data

Previously, the jobless rate in urban areas has been steadily declining since the high of 12.6 per cent reported during the April-June quarter of FY22 during the peak of the pandemic

Spike in food & fuel prices push WPI inflation to 13-month high in April

April's increase in factory gate inflation mainly powered by spikes in food and fuel prices

IndiaSkills 2023-24 to kick off on Wed; 900 participants to take part

The national level skilling competition is the precursor to the WorldSkills competition, as participants who excel at national level will get to participate at the world stage in September in Paris

EPFO introduces auto claim settlement for education, marriage, housing

Auto mode of claim settlement was introduced in April, 2020 for the purpose of advance for illness

Retail inflation eases to 4.83% in April on softening fuel prices

Core inflation has also trended downwards at 3.2 per cent, which is the lowest in the 2012 base CPI series

Nearly 51 mn person years of employment created annually in last 10 years

A person-year is a unit of measurement for the amount of work done by an individual throughout the entire year, expressed in hours