Page 8 - Labour Market

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

Contradictory policies will not revive the labour market and consumption

Of the three variables that it is targeting - higher private investment, stability and fair wages - the government has to discard at least one

Govt to launch e-SHRAM portal for maintaining unorganised worker database

The government will launch the e-SHRAM portal to maintain a database of workers in the unorganised sector on August 26, Union Minister for Labour and Employment Bhupender Yadav said on Tuesday.

Women need a better deal

The literature, say the authors, has focused on supply-side constraints that prevent women from entering the labour markets

US economy returns to pre-pandemic level; labor market healing

The pace of GDP growth reported by the Commerce Department on Thursday was, however, slower than economists had expected.

Fed says progress made toward conditions for tapering bond buys

Any move to shrink policy support will be based on progress on the Fed's goals for jobs and inflation

Reopening US economy heat up inflation; labour market recovery gets a boost

May's inflation drivers appear to be temporary, fitting in with Federal Reserve Chair Jerome Powell's repeated assertion that higher inflation will be transitory

Labour codes: Cos' PF liability to go up, less take-home pay for workers

The four labour codes are likely to see the light of day in a couple of months as the Centre is now keen to go ahead with the implementation of these laws, which among others will result in reduction in take-home pay of employees and higher provident fund liability of companies. Once the wages code comes into force, there will be significant changes in the way basic pay and provident fund of employees are calculated. The labour ministry had envisaged implementing the four codes on industrial relations, wages, social security and occupational health safety & working conditions from April 1, 2021. These four labour codes will rationalise 44 central labour laws. The ministry had even finalised the rules under the four codes. But these could not be implemented because many states were not in a position to notify rules under these codes in their jurisdiction. Labour is a concurrent subject under the Constitution of India and therefore both the Centre and states have to notify rules ...

United States retail sales surge; weekly unemployment claims fall

Retail sales increased 9.8% last month

Amazon's win in union fight shows harsh realities facing labour movement

A vote by workers on whether to unionize failed on Friday by a more than 2-to-1 margin

US private sector adds 517,000 jobs in March on labour market recovery

Private companies slashed roughly 20 million jobs in March and April last year amid Covid-19 shutdowns

US weekly jobless claims at four-month low; labour market regaining footing

Unadjusted claims dropped 47,170 to 709,458 last week, amid declines in Texas, New York and Mississippi, where claims had been boosted in the prior period by harsh weather

CII asks Haryana to relook its Bill on 75% jobs for locals in pvt sector

Says at a time when it is important to attract investments at the state level, Haryana govt could have avoided imposing curbs on industry