Page 4 - Unemployment Rate

NZ immigration hits all-time high as movement surges after pandemic lull

New Zealand's immigration numbers have hit an all-time high, enabling employers to fill jobs but also putting pressure on the housing market, according to economists. The net number of immigrants was 110,000 in the year ending August, beating the previous high of 103,000 set a month earlier, according to figures released Wednesday by Statistics New Zealand. The numbers represent a big turnaround after more people left New Zealand than arrived during much of the COVID-19 pandemic. We are talking very, very big numbers for a small economy like ours, said Jarrod Kerr, chief economist at Kiwibank. Kerr said the surge likely reflected pent-up demand that had built during the pandemic. He said it had come as a relief to employers, who last year were having great difficulty finding skilled workers to fill vacant roles. New Zealand's unemployment rate remains at a relatively low 3.6 per cent. But Kerr also cautioned the migrants would need a lot of resources, including tens of thousands o

India's jobless rate at 6-year low; wage employment share shrinks

The unemployment rate under the so-called "usual status" during the one-year period declined for the fifth consecutive year since its launch in April 2017

Push to investment will create fresh employment opportunities: CM Dhami

Uttarakhand Chief Minister Pushkar Singh Dhami returned here on Saturday from his five-day UK visit and said the push to investments in the state will create fresh employment opportunities for the local youth. "We inked MoUs for investments worth more than Rs 12,500 crore with international firms during the visit. A large number of investors, which also include NRIs, are keen to invest in the state. Many of them are coming to attend the Global Investors Summit being held in December," Dhami told reporters soon after his arrival at Bannu School ground in race course area here. "It is all very exciting for us. The coming of more investors to the state will create fresh employment opportunities for the local youth. It will also help double the state's GDP in the coming years," Dhami said. The chief minister was accorded a welcome by cabinet ministers Satpal Maharaj, Subodh Uniyal, Ganesh Joshi, Rekha Arya and Pradesh BJP president Mahendra Bhatt. Dhami had left for his UK tour on ...

Employment jumped post-Covid but 2 in 5 young graduates still have no jobs

The workforce participation rate of females has improved in the last five years, especially in rural areas. But this is not due to the rise in the number of jobs but self-employment

Employment in India registered V-shaped recovery post-pandemic: Former CEA

Krishnamurthy V Subramanian also called to cease the use of CMIE data on employment in India till the flaws in its survey methodology are fixed

South Korea's unemployment claims rise by 2.1% YoY to 86,000 in May

South Korea's unemployment claims rose last month amid growing worries about an economic slump, Labour Ministry data showed on Monday

Unemployment rate dips 7.7% in May on decline in labour participation: CMIE

The unemployment rate in India fell to 7.7 per cent in May due to a decline in the labour participation at 441.9 million, according to a data released by private economic think tank CMIE. Unemployment rate in India among people aged 15 years and above fell to 7.7 per cent in May 2023, from 8.5 per cent in the previous month, CMIE's Natasha Somayya K said in an analysis on its website. The unemployment rate inched down as a consequence of a fall in the labour participation, which implies a fall in the number of people who entered the labour market in search of work. Compared to April, labour participation rate (LPR) fell by 1.1 percentage point to 39.6 per cent in May, she said. "This drop in LPR in May was expected because April witnessed a large number of people entering the labour force but only a small share was able to secure employment in the month. This was bound to discourage many from searching for work in the month of May. As a result, the labour force shrunk in size from

China's youth faces record high unemployment at 20.4% in April: Report

President Xi tells youth to "eat bitterness" and to value the suffering, while the youth struggle to find employment in a shrinking job market

Global unemployment to fall 5.3%; low-income nations lag in recovery: ILO

ILO said it has developed a new indicator 'jobs gap' which offers more elaborate measure of the unmet demand for employment, especially in developing countries

Unemployment among urban youth down in Q4FY23 but still elevated at 17.3%

The unemployment rate among the youth in urban India stood at 20.2 per cent in the year-ago period

Unemployment rate declines to 6.8% in January-March 2023: NSO survey

Male unemployment fell to 6 per cent in Q4 from 6.5 per cent the previous quarter, while female unemployment fell to 9.2 per cent from 9.6 per cent in the October-December period

Zimbabwe ranked world's most miserable country; here's where India stands

Unemployment was the leading source of unhappiness in the United States, which ranked 134th on Steve Hanke's Annual Misery Index list

China sees record-high youth unemployment rate at 20.4%, likely to worsen

The jobless rate for 16-to-24 year olds hit 20.4% last month, nearly four times the national rate, data from the National Bureau of Statistics showed Tuesday

Changes in recruitment system ended corruption, nepotism, says PM Modi

Prime Minister Narendra Modi asserted on Tuesday that changes brought in by his government in the recruitment system have ended the possibility of corruption and nepotism as he gave away appointment letters to over 71,000 people at a 'Rozgar Mela'. From applying for government jobs to the announcement of results, the entire process has been made online, he said while elaborating on employment opportunities and infrastructure development ushered by the BJP dispensation at the Centre in the last nine years. "The possibility of corruption and nepotism in recruitment for government jobs has now ended," Modi said. He referred to his recent meetings with CEOs of leading global companies, including Walmart, Apple, Foxconn and Cisco, to assert that there is "unprecedented positivity" about industry and investment in the country. The prime minister cited EPFO net payroll figures to say that over 4.5 crore people have got jobs since 2018-19 as formal employment has been growing. FDI and the

'Startups in India bringing down unemployment rate in the country'

Any NGO registered as a private limited company with a novel idea that meets the set criteria can be taken up as a startup

National Career Service portal registers 3.57 mn vacancies in 2022-23

The National Career Service (NCS) portal registered the highest vacancies during 2022-23 with nearly 35.7 lakh vacancies having been reported by employers on it, compared to 13 lakh vacancies

Labour churns in March

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

Top headlines: Unemployment rate rises to 7.8%, Twitter bans 680k accounts

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Japan's unemployment rate increased in Feb; jobless rate reaches 2.6%

Japan's unemployment rate increased in February from a month earlier, the government said in a report on Friday

Bridge the gap

Poor countries provide fewer opportunities to women