Page 4 - Labour Market

Labour productivity shrank in 9 industries during FY23: RBI's KLEMS data

Eight of these nine industries belong to the manufacturing sector

Will ensure hardworking labourers get full rights, respect, says Rahul

Terming the country's labourers as "builders of India", Congress leader Rahul Gandhi on Saturday said that under the Narendra Modi government their future was in danger, and asserted that he will ensure that the they get their full rights and respect. The Leader of Opposition in the Lok Sabha made the remarks in a post in Hindi on X, as he shared a video of his recent interaction with daily wage workers at Guru Tegh Bahadur Nagar in Delhi during which listened to their problems. "In Narendra Modi's government, the 'builders of India' are facing terrible hardships," Gandhi said in his post. The daily wage workers are forced to run their households for four days with a single day's earnings, he said. They have no savings and are living off the burden of paying interest, he added. "I got a chance to meet street vendors and daily wage workers in GTB Nagar and get to know their struggles," Gandhi said. "The future of the families of those who are building the 'India of the future' is

Labour Party's electoral victory renews hope for India-UK trade deal

Keir Starmer became Britain's Prime Minister on Friday after his Labour Party's landslide electoral victory against Rishi Sunak-led Conservatives

Labour pains, the silent crisis undermining India's infrastructure boom

Severe skilled, unskilled shortage threatens to pull emergency brake on India's industrial engine

Israel approves plan to import 92,000 foreign workers amid labour shortage

Seventy percent of the quota is specifically set aside for agricultural labourers. Israeli agriculture is facing staggering losses in production and manpower

India's fresh formal job creation slowed to three-month low in February

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

Productive employment

Policy must also focus on earnings

Enhance biz environment, boost non-farm jobs via trade openness: World Bank

Labour productivity and the working-age population, the twin engines of growth in the South Asian region, are slowing

Salaried workers' real wages dropped between 2012 and 2022: ILO study

The average real monthly wages of a regular wage worker dipped to Rs 10,925 in 2022 from Rs 12,100 in 2012

Unemployment hurting Indian youth, most jobs informal, says ILO Report

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

Laboured arguments

State job reservations are counter-productive

March Fed pivot ruled out, May rate cut less likely: Vikram Sahu

Sahu says the US elections and Fed pivot will benefit emerging markets (EMs) this year

BOJ Governor Kazuo Ueda keeps upbeat view on inflation, wage outlook

He added that Japan was in a "state of inflation," rather than deflation, and is likely to see prices keep rising

U'khand CM distributes blankets, sanitary napkins to construction workers

Continuing this sequence, the essential item distribution was undertaken on February 16 by public representatives

At 100, co-op infra major ULCCS set to expand footprint beyond Kerala

Having grown from humble beginnings into a major infrastructure builder, Kerala-based Uralungal Labour Contract Cooperative Society (ULCCS) has plans to extend its footprint in its centenary year, based on the foundational vision of sustainable and inclusive development. Founded by a group of youngsters inspired by the teachings of social reformer and renaissance flag-bearer Vagbhatanandan as a workers' collective at a village near Uralungal in Kozhikode district in 1925, ULCCL is now a mega enterprise with an annual turnover of Rs 3000 crore and a large workforce on muster rolls. As a Total Solution Provider (TSP), ULCCS in recent years forayed into cutting-edge fields as well including Information Technology, skill development and material quality testing, even as consolidating its position in the infrastructure development. With a rich legacy and flourishing portfolio of 7500+ projects, ULCCS is a member of the International Cooperative Alliance (ICA) and earned the internationa

India needs equivalent of BLS in US for jobs data: Wadhwani Foundation CEO

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 ..

The rural push

Labour market conditions can affect long-term growth

Real wage growth positive for 2nd straight year in 2022: ILO study

Along with Turkey, India is the only country that saw positive growth in real wages for the second consecutive year after the pandemic struck in 2020

Gold prices slip after pressure from stronger US dollar, treasury yields

Spot gold was down 0.2 per cent to $2,038.49 per ounce as of 1223 GMT. U.S. gold futures fell 0.2 per cent to $2,045.40

US jobs numbers to show payrolls increase by 170k, eases pay growth

The median forecast in a Bloomberg survey of economists also calls for a 3.9% increase in average hourly earnings from a year earlier, the smallest annual gain since mid-2021