Page 6 - Unemployment Rate

Amazon begins new round of job cuts, lays off over 18,000 people: Report

Amazon has started notifying its employees affected by its new round of layoffs, as a part of its plan to reduce its headcount by around 18,000 people, the media reported

Despite being educated, unemployment rate high among Kerala youth: Tharoor

Unemployment rate among the youth in Kerala is huge and there is a need to make the state more attractive for its younger generation to prevent them from going outside for jobs, Congress MP from Thiruvananthapuram Shashi Tharoor said on Monday. Tharoor, speaking at the inauguration of the 146th Mannam Jayanthi celebration at the Nair Service Society (NSS) headquarters at Perunna in Changanassery here, said unemployment among the youth in Kerala was 40 per cent in June 2022. Mannam Jayanthi is held to celebrate the birth anniversary of NSS founder and social reformer Mannath Padmanabhan. He said only Jammu and Kashmir was in such a situation, but that was due to militancy problems there. "No other state is showing such concerning figures of unemployment among the youth. In other states those uneducated or unskilled are the ones lacking jobs. However, in Kerala everyone is literate, educated and has passed class 10, yet a lot of them do not have jobs," the Thiruvananthapuram MP ...

Unemployment rate rises to 16-month high of 8.30% in Dec 2022: CMIE

The urban unemployment rate rose to 10.09% in December from 8.96% in the previous month, while the rural unemployment rate slipped to 7.44% from 7.55%, the data showed

Six states report fewer formal jobs for youth in Sept qtr, shows EPFO data

Experts attribute drop to large-scale of migration; young from these states stand to earn significantly more, post migration, than they do by staying back

Unemployment rate rises to three-month high at 8% in November: CMIE

The country's unemployment rate rose to a three-month high at 8 per cent during November, according to data by the Centre for Monitoring Indian Economy (CMIE). The unemployment rate in urban India was higher at 8.96 per cent, while in rural areas, it was at 7.55 per cent, the CMIE data showed on Thursday. In October this year, the urban joblessness was at 7.21 per cent and the rural unemployment rate was at 8.04 per cent. Among the states, Haryana continued to have the highest unemployment rate in the country in November at 30.6 per cent, followed by Rajasthan at 24.5 per cent, Jammu and Kashmir at 23.9 per cent, Bihar at 17.3 per cent and Tripura at 14.5 per cent. The states that witnessed the least unemployment rate in the previous month are Chhattisgarh at 0.1 per cent, Uttarakhand 1.2 per cent, Odisha at 1.6 per cent, Karnataka 1.8 per cent and Meghalaya at 2.1 per cent. India's unemployment rate in October was at 7.77 per cent, while in September it was at a low of 6.43 per c

Urban unemployment rate drops for fifth quarter to 7.2%: NSO survey

The unemployment rate among men and women has been estimated at 6.6 and 9.4 per cent, respectively

Growing unemployment: Battle of two parallel realities

The duality between the ground reality of tangible unemployment and the perception created by events like "rozgar melas" will likely continue till the next general election

Rural pain pushes India's unemployment rate up to 7.7% in October: CMIE

The report said the decline in employment was mostly in rural India and mainly in non-agricultural rural India and the daily wage labourer segment was the most hit as it shrunk by nearly 15 million

Unemployment rate rose to 4-month high of 7.77% in October: CMIE data

Among the 25 states for which data is available with the CMIE, six states registered the unemployment rate in double digits

India jobless rate rises in Oct led by sharp rise in rural unemployment

Rural unemployment rate climbed to 8.04% from 5.84% in September, while urban jobless rate was at 7.21% compared to 7.7% a month before

When data faces reality

The employment reality is grimmer than what the household survey data tell us. This is true for Chhattisgarh as much as it is for Uttar Pradesh. And, also for other states

India's unemployment rate drops to 6.43% in September, shows CMIE

India's unemployment rate has drastically dropped to 6.43 per cent in September due to an increase in labour participation in the rural and urban areas, according to data from the Centre for Monitoring Indian Economy (CMIE). During August, India's unemployment rate surged to a one-year high of 8.3 per cent as employment sequentially fell by 2 million to 394.6 million. "In September, the unemployment rate has fallen significantly with an increase in labour participation in both urban and rural areas," CMIE managing director Mahesh Vyas told PTI over the phone on Saturday. The unemployment rate in the rural areas fell to 5.84 per cent in September from 7.68 per cent in August, while in the urban areas it dropped to 7.70 per cent against 9.57 per cent in the previous month, according to the data. The nearly 8 million increase in labour participation is a sign that the economy of the country is doing well, Vyas added. According to the CMIE data, the unemployment rate was the highest i

South Korea's unemployment rate hits all-time low in August, says data

The number of employed people stood at 28.41 million in August, up 807,000 from a year earlier, according to the data compiled by Statistics Korea

Employment fell in August 2022

This rise in the unemployment rate reflects the inability of the economy to provide adequate jobs at a time when the demand for jobs from people increased

India's urban unemployment rate improves across genders, says NSO

India's urban unemployment rate improved across genders and age groups to its best-ever level in the quarter ending June 2022

Unemployment rate drops for fourth straight quarter, lowest in 4 yrs: PLFS

This is the lowest unemployment rate recorded in the last 4 years, from the time NSO launched India's first computer-based survey in April 2017

High unemployment rates in lower, mid income countries after Covid: Study

In contrast, during the global economic crisis of 2008-2009, higher-income nations suffered more from the recession than did lower-income nations

10 mn apprenticeships in 10 yrs: What India needs to solve its unemployment

TeamLease and JustJobs Network report notes that instead of around 125,000 apprentices, CPSUs have only 41,250 on board

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

Need to address gap due to India's jobless growth, says Anand Mahindra

On inflation, he said that though it's a concern from the business angle, it can nevertheless provide a minimum threshold of returns on productive assets