Page 7 - Labour Market

Diwali an auspicious date to sign India-UK FTA: British High Commissioner

Currently, both countries are at the last leg of negotiations towards a trade deal that kick-started in January

Haryana's stormy labour markets

According to its Economic Survey, in 2021-22, Haryana's per capita net state domestic product at Rs 2,74,635 was nearly twice the national average of Rs 1,50,326

EU doesn't single out China in planned ban on forced labour goods

The proposed Forced Labour Products Ban, from the European Commission, covers goods imported from third countries as well as those made within the EU.

Yellen says no strong labour market in long run if inflation stays high

"The Fed is going to need great skill and also some good luck to achieve what we sometimes call a soft landing," Yellen said Sunday in an interview on CNN's "State of the Union"

WFH: Can it add more Indian women to the workforce?

Prime Minister Narendra Modi recently asserted that flexible workplaces are the future. We ask if the hybrid work culture is the solution to our historically low women labour force participation

Firms in India expected to give 10% hike in 2023; highest in APAC: Report

Companies in India are expected to give a salary hike of 10 per cent in 2023 as they struggle with rising attrition in the tight labour market, according to a report

Recovery in youth employment continues to lag worldwide: ILO report

Although the number of unemployed young people worldwide fell from 75 million in 2021 to 73 million in 2022, it is six million more than pre-pandemic levels

China may turn to forced pregnancy to tackle declining birth rate: Report

As China faces a scenario of negative population growth, the government has started to force its citizens to marry early and have at least three children each.

Employment gains

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

US job cuts up in April, rising 2nd month straight as employers study risks

Job cuts in the United States rose for a second month in a row in April as employers assessed costs and the growing risk of inflation in a labor market that has mostly seen record demand for workers over the past year, employment tracker Challenger, Gray & Christmas Inc showed on Thursday.US employers announced 24,286 cuts in April, a 14% increase from the 21,387 tracked in March and up 6% from the 22,913 cuts monitored in April 2021, the firm's latest monthly report showed. It was also the first time in a year when job cuts were higher than the corresponding month a year earlier."Job cut plans appear to be on the rise, particularly as companies assess market conditions, inflationary risks, and capital spending," Andrew Challenger, senior vice president of Challenger, Gray & Christmas, Inc, said in the company's report. "Despite this, job openings are still at record highs. Workers who are being cut will have lots of opportunities and will likely land quickly."While job ...

Upskilling, reskilling of workforce topmost priority for India HR: Study

Mercer's 2022 Global Talent Trends study highlights that difficulty in hiring the right talent, at the right price, and in time remains a top concern in 2022

India must boost credit, labour to raise growth potential, says IMF

"We had lost two years of growth" because of the pandemic, Choueiri said in a separate interview Friday with Bloomberg Television's Kathleen Hays. "There is still catch up growth happening in India."

US weekly jobless claims fall to 187,000, lowest since 1969

Robust wage growth, though good news for workers, could feed into the already elevated inflation, increasing the risk of sustained high inflation, according to economists

US private payrolls increase in February; January revised sharply higher

Private payrolls increase 475,000 in February; January data revised higher to show gain instead of loss

Exports: Has white-collar success trumped India's blue-collar viability?

If India were trading in only goods, a massive deficit of about $150 bn would have forced down the rupee's value, making Indian manufactured goods cheaper in export markets, writes T N Ninan

For gig workers, labour rights and benefits remain elusive in India

Workers are looking to the Budget to ensure that the promises made to protect their labour rights are finally implemented

India lost 259 bn hours of labour annually because of global warming

Productive hours lost to heat and humidity globally are about 400 billion hours greater than previous estimates, roughly the same as the amount of work hours lost during the Covid-19 pandemic

US labour costs rise strongly in Q4 last year, fastest in 2 decades

US labour costs rose strongly in the fourth quarter of last year, wrapping up the biggest one-year gain of labour inflation in two decades

Global unemployment to reach 207 million in 2022, says ILO report

The report warns of slow and uncertain recovery as the pandemic continues to have a significant impact on global labour markets

India loses 259 billion labour hours annually due to heat: Study

India currently loses around 259 billion hours annually due to the impacts of humidity and heat on labour, more than double previous estimates of 110 billion hours, says a study by Duke University