Page 8 - Labour Market

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

Best of BS Opinion: Labour market distress, fiscal consolidation and more

Here is the best of Business Standard's opinion pieces for Wednesday

India's labour market distress

Implications for growth story will be severe

TMS, Ep 42: Haryana's job quota, RBI-RD cheme, Ather CEO Q&A, and e-RUPI

Will Haryana's new job quota rule hurt MSMEs? Can RBI-RD scheme spur retail interest in bonds? How does Ather Energy CEO Tarun Mehta plan to take on competition in the EV space? Answers here

Haryana's new job quota law may adversely hit small industries

The Haryana govt's amendment of its draft Bill to reserve 75% of private jobs for locals has allayed concerns of private sector giants in Gurugram. But what will be the impact on smaller industries?

Delhi govt hikes minimum wages for labourers amid Covid-19, price rise

Delhi's Deputy Chief Minister on Monday announced an increase in the minimum wages of the labourers

US job growth picks up in October; unemployment rate falls to 4.6%

The faster pace of hiring shows that more Americans returned to workplaces as Covid-19 cases declined

US weekly jobless claims hit 19-month low as labor market tightens

The weekly unemployment claims report from the Labor Department on Thursday, the most timely data on the economy's health, also showed unemployment rolls shrinking significantly early this month

Labour codes unlikely to be implemented this fiscal year: report

The implementation of these laws assumes significance because once these are implemented there would be reduction in take-home pay of employees