Page 8 - Job Loss
US may show record rise in monthly retail sales as people return to work
The US economy dropped into recession in February as the viral outbreak brought a record-long expansion to an abrupt end
 "US may show record rise in monthly retail sales as people return to work")
Govt rejects online survey claiming 80% working Indians had income loss
"It is an online survey with a sample set of only 599. A sample of only 599 people surveyed online is no way representative of the entire country," the government said
 "Govt rejects online survey claiming 80% working Indians had income loss")
Hurt by job loss, Delhi man finds new career on Kwai app
New Delhi [India] June 10 (ANI/NewsVoir): The nationwide lockdown in India has led to a significant number of job losses in different industries and sectors. In April, Delhi resident Abhay Verma, 25, learnt that he had lost his job.
 "Hurt by job loss, Delhi man finds new career on Kwai app")
Unemployment rate falls to 5.8% in 2018-19 from over a four-decade high
The unemployment rate in 2017-18 had risen to 6.1%, compared to 2.2% in 2011-12, according to the results of the Periodic Labour Force Survey released by the National Statistical Office.
 "Unemployment rate falls to 5.8% in 2018-19 from over a four-decade high")
70% of MSMEs intend to reduce headcount to save businesses: AIMO survey
The survey's result, the second part of the survey series conducted by AIMO amongst the corporates, MSMEs, self employed persons and others, was based on the responses from 46,525 participants.
 "70% of MSMEs intend to reduce headcount to save businesses: AIMO survey")
Covid-19 and the job crunch
Having realised that there is really no contradiction between "jaan" and "jahaan", states are gradually reopening their economies. But they are locking the stable doors after the horses have bolted
News Corp Australia's push for digitisation to lead to job losses
The company did not specify how many jobs could be lost, but Australian media reported up to 1,000 staff could be axed as a result of the restructuring
 "News Corp Australia's push for digitisation to lead to job losses")
Covid-19 crisis: Unemployment rate remains high at 24.3% amid lockdown
The labour participation rate trend seems to tell a story of some interesting changes in the labour markets
Covid-19 crisis: Here's how you can manage your finances after job loss
Those who have been handed the pink slip shouldn't make too many loan queries
 "Covid-19 crisis: Here's how you can manage your finances after job loss")
British companies to pay 20-30% of furloughed employees' wages: Report
The United Kingdom extended its job retention scheme - the centrepiece of its attempts to cushion the coronavirus hit to the economy - by four months on May 12
 "British companies to pay 20-30% of furloughed employees' wages: Report")
Zomato lays off 500 employees, slashes salaries as CEO blames coronavirus
Those impacted will get emails for a zoom call with the leadership team within the next 24 hours.
 "Zomato lays off 500 employees, slashes salaries as CEO blames coronavirus")
Covid-19 crisis fuels huge US job losses as pandemic breaches White House
White House economic adviser Kevin Hassett said the unemployment rate was likely to climb to around 20% this month
Best of BS Opinion: Inevitability of classical economics, Covid-19 and more
Here's a selection of Business Standard Opinion pieces for the day.
 "Best of BS Opinion: Inevitability of classical economics, Covid-19 and more")
Govt must work to revive consumption, not worry about rating: Rahul Gandhi
Congress wants lockdown lifted across country on May 18, save hotspots; Gandhi urges Centre to make citizens 'psychologically' prepared to for lockdown exit
 "Govt must work to revive consumption, not worry about rating: Rahul Gandhi")
India coronavirus dispatch: Migrant workers need housing security
From India's testing conundrum, to financing the Covid-19 response, and the non-respiratory symptoms of the disease - read these and more in today's India digest
 "India coronavirus dispatch: Migrant workers need housing security")
SC seeks govt's response on PIL on lay-offs, salary cuts in media industry
Advocate Colin Gonsalves, appearing for the petitioners, said that we heard that the jobs of journalists were being terminated.
 "SC seeks govt's response on PIL on lay-offs, salary cuts in media industry")
Trump urged to suspend H1B, other visas after 26 mn Americans lose jobs
The letter, dated April 23, was released to the media on Friday, a day after Trump issued an executive order that suspended issuing of new Green Cards for the next 90 days
 "Trump urged to suspend H1B, other visas after 26 mn Americans lose jobs")
It's a better option to take advance EPF than a loan during tough times
The usual advice is that one should not withdraw from their EPF account because it hurts the retirement corpus
 "It's a better option to take advance EPF than a loan during tough times")
Do not lay off, instead cut salaries: Karnataka Govt to IT, BT Cos
The Deputy Chief Minister said the IT and BT industry leaders are extremely happy with regard to the support system or backup given by the government of Karnataka
 "Do not lay off, instead cut salaries: Karnataka Govt to IT, BT Cos")
Dealers knock at the Prime Minister's door as automobile sector hits snag
For the last 15 months, the auto industry has already been under an unexpected severe slowdown
 "Dealers knock at the Prime Minister's door as automobile sector hits snag")