Page 5 - Labour Market

US job openings top all forecasts as white-collar positions jump in August

The number of available positions increased to 9.61 million from a revised 8.92 million in July, the Bureau of Labor Statistics' Job Openings and Labor Turnover Survey, or JOLTS

'Micro-firms' could be holding back women from finding employment: Study

Research finds that increasing company size directly increases female participation in the workforce and amending labour laws and policies can help improve gender inclusivity

US weekly jobless claims at 8 month low, unemployment numbers falling

Demand for labor is slowing, overall labor market conditions have remained tight despite higher interest rates

Labour market shows progress in key areas but challenges remain: Report

Labour markets has shown better intergenerational mobility, increased regular wage workers and narrowed caste based segregation, according to State of Working India report 2023

US weekly jobless claims fall as labour market remains tight: Report

Initial claims for state unemployment benefits decreased by 10,000 to a seasonally adjusted 230,000 for the week ended Aug 19

China skips update on surging youth unemployment as economic slump deepens

China's government skipped giving an update on a politically sensitive spike in unemployment among young people as official data Tuesday showed an economic slump deepened in July. Meanwhile, the central bank unexpectedly cut a key interest rate in a sign of growing official urgency about shoring up economic growth that fell sharply in the three months ending in June. Youth unemployment is sensitive after a survey in June found a record 21.3 per cent of potential urban workers aged 16 to 24 couldn't find work after an economic rebound following the end of anti-virus controls fizzled out. Publication of unemployment by age group is suspended while the National Bureau of Statistics considers how it measures data, according to a bureau spokesperson, Fu Linghui. Fu said a survey found overall unemployment among urban workers was 5.3 per cent, up 0.1 percentage points from June. The employment situation is generally stable, Fu said at a news conference. Growth in consumer spending ...

India-UK FTA: Ongoing talks to clear thorny issues like labour, environment

Till now, out of 26 policy areas or chapters, 14 chapters have been closed for negotiations, while significant progress has been made in other chapters

US jobless claims dip to 237,000 as labour market stays resilient

Applications for unemployment benefits have remained largely steady at historically low levels over the last few months, even as other labour-market indicators have suggested an emerging slowdown

Weak rural labour market pushes India's unemployment rate above 8%

The unemployment rate jumped to 8.45% in June from 7.68% in the previous month, according to the Centre for Monitoring Indian Economy Pvt. While unemployment in urban areas eased to 7.87% last month

Despite Centre's continued push, fresh registrations on e-shram portal fall

After registering 270 million unorganised workers between August 2021 and March 2022, only 11.7 million workers were registered in 2022-23 against a target of 50 million

Many measures taken to remove discrimination in labour markets: Labour Min

The government has taken various steps to eliminate discrimination in labour markets, Union Minister Bhupender Yadav has said. The minister made the remarks in a panel discussion at the World of Work Summit of ILO on 'Promoting Social Justice' in Geneva on Wednesday, the Ministry of Labour & Employment said in a statement. "The Minister highlighted government initiatives to eliminate discrimination in labour markets promoting social justice. He highlighted the steps the government has taken under the leadership of Prime Minister Narendra Modi to eliminate discrimination in labour markets," it said. Yadav said India is also making efforts to extend the benefits of social security to unorganised workers. The government's e-Shram portal is a step towards extending social security to all. The government is also skilling, upskilling and reskilling workers for the same, he added.

LinkedIn bets on skills over degrees as future labour market's currency

While over 80% of employers believe they should hire based on skills rather than degrees, more than half say they are still hiring college grads because it feels less risky

US job openings rise to 10.1 mn, labour market strong despite rate hikes

US job openings rose unexpectedly in April, illustrating the resilience of the American labour market even as the Federal Reserve attempts to cool the economy in its fight against inflation. Employers posted 10.1 million job openings last month, up from 9.7 million in March and the most since January. Economists had expected vacancies to slip below 9.5 million. Layoffs fell, but the number of people quitting their jobs a sign of confidence that they can find better pay or working conditions elsewhere slid last month. The Fed has raised its benchmark interest rate 10 times in the last 14 months, making it more expensive for businesses to borrow and invest. The central bank is hoping achieve a so-called soft landing raising rates enough to slow hiring, economic growth and price increases without tipping the world's biggest economy into recession. Economists are sceptical and many expect a recession to start later this year. Inflation has come down steadily from the four-decade

Formal job creation up second year on trot, hits 4-yr high, shows EPFO data

Share of women among new subscribers grows to 26% in FY23 from 21% in FY19; share of young people (18-28 age group) getting formal jobs has risen to 66.5% in FY23 from 62.1% in FY21

ChatGPT opens door to four-day week structure, says Nobel Prize winner

Christopher Pissarides, professor at London School of Economics, who specializes in the impact of automation on work, said labour market can adapt quickly enough to AI-backed chatbots

Labour churns in March

The labour markets have been weak during the last quarter of 2022-23

A labour hurdle to South Korean auto major Hyundai's expansion in India

Hyundai's aim to boost production by buying General Motors' Talegaon plant runs up against a two-year-old labour dispute

Social security, labour migration to top discussions at first L-20 meeting

The two-day meet will feature leaders and representatives of trade union centres of G-20 countries and other guest countries

Share of youth employment at 5-year high in 2022, shows EPFO data

Employment for those of the age 18-25 grew 13.4 per cent in 2022 over 2021

Salaried employment rises in Gujarat

This upward trend in salaried employment is certainly a cheery outcome for Gujarat as it suggests an improvement in the quality of jobs in the state