Page 5 - Unemployment Rate

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

Business Standard brings you the top headlines at this hour

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

Japan's unemployment rate drops to 2.4% in January, says ministry

Japan's unemployment rate dropped in January from a month earlier, the Ministry of Internal Affairs and Communications said in a report on Friday

India's unemployment rate rose to 7.45% from 7.14% in January: CMIE

India's unemployment rate rose to 7.45% in February from 7.14% in the previous month, data from the Centre for Monitoring Indian Economy (CMIE) showed on Wednesday

Top headlines: Unemployment rate dips to 4.1%, FDI inflows take a hit

Business Standard brings you the top headlines at this hour

Unemployment rate at 5-year low of 4.1% in 2021-22, shows PLFS data

Quarterly PLFS survey for urban India shows unemployment rate stagnated at 7.2% after declining for five consecutive quarters

Car-sharing firm Getaround lays off 10% of workforce with immediate effect

The US-based car-sharing company Getaround has announced laying off about 10 per cent of its workforce with immediate effect

Thousands of Salesforce employees get to know they've been sacked

Several Salesforce employees just came to know that they have been fired, as the company began laying off 7,000 workers or 10 per cent of its workforce as announced earlier last month

After layoffs, Meta CEO Zuckerberg wants 2023 to be 'year of efficiency'

After laying off 11,000 employees, Meta Founder and CEO Mark Zuckerberg now wants 2023 to be the "year of efficiency"

New Zealand's unemployment rate reaches 3.4% in December 2022: Report

In the December 2022 quarter, the labour force participation rate remained at 71.7 per cent and the employment rate remained at 69.3 per cent

Dutch electronics giant Philips to cut 6,000 jobs worldwide over next 2 yrs

Dutch consumer electronics and medical equipment maker Philips said Monday it is cutting 6,000 jobs worldwide over the next two years as it revealed a net loss of 1.6 billion euros (USD 1.7 billion) in 2022, down from a net profit of 3.3 billion euros last year. The job losses come on top of a reduction of 4,000 staff the company announced in October. The company, which has its headquarters in Amsterdam, is reeling from a worldwide recall of sleep apnea machines and economic headwinds including COVID-related issues in China and the war in Ukraine. CEO Roy Jakobs said 2022 was a very difficult year for Philips and our stakeholders, and we are taking firm actions to improve our execution and step up performance with urgency. He said the job cuts will significantly reduce costs and make Philips a leaner and more focused organisation.

Germany-based micro-mobility firm Tier Mobility lays off 7% of workforce

Germany-based micro-mobility company Tier Mobility on Thursday announced that it will be laying off 7 per cent of its workforce amid restructuring

'Back to Bharat' trend picking up in EV, Hitech sectors, says CIEL

With the West facing economic recession, job losses happening and while the Indian economy is predicted to grow, "Back to Bharat" is gaining ground in the executive placement segment, said CIEL