Page 8 - Unemployment Rate
Spain's unemployment rises amid new Covid outbreaks, tourist restrictions
The number of jobless people rose by 0.79% in August, bringing the total of people out of work in Spain to 3.80 million people and bringing to a halt a positive trend that began in May
 "Spain's unemployment rises amid new Covid outbreaks, tourist restrictions")
Rahul Gandhi attacks Centre on unemployment, says '1 job, 1000 unemployed'
Congress leader Rahul Gandhi again targeted the Central government over the issue of unemployment, asking what has been done to the country as there is "1 job and 1000 people are unemployed".
First into the coronavirus slump, China is proving the fastest out
An industry-powered rebound is pushing the Asian nation out of the historic first-quarter slump and toward the prospect of being the only major economy to expand this year
 "First into the coronavirus slump, China is proving the fastest out")
French unemployment rate hits 37-year low in Q2 2020 as lockdown bites
The jobless rate fell to 7.1%, from 7.8% in the first quarter, dropping to its lowest since the second quarter of 1983, when it stood at 7.0%
 "French unemployment rate hits 37-year low in Q2 2020 as lockdown bites")
Best of BS Opinion: Mismanaged transitions, policy debates, and more
Business Standard opinion pieces for the day, among other things, talk about how the government should move forward in policymaking
 "Best of BS Opinion: Mismanaged transitions, policy debates, and more")
Unemployment rate in West Bengal declined by 40%: Mamata Banerjee
West Bengal CM Mamata Banerjee claimed that the unemployment rate in the state has been reduced by 40 per cent at a time when the country is witnessing an all time high of 24 per cent joblessness
 "Unemployment rate in West Bengal declined by 40%: Mamata Banerjee")
Singapore's jobless rate jumps in Q2, nearing financial crisis peak
The overall unemployment rate climbed from 2.4% in the first quarter, moving within sight of a 3.4% peak hit during the global financial crisis of 2009
 "Singapore's jobless rate jumps in Q2, nearing financial crisis peak")
World Coronavirus Dispatch: UK sheds 650,000 jobs under Covid lockdown
China first major economy to rebound, Texas readies morgue trucks, Australia expands wage subsidy scheme and other pandemic-related news across the globe
 "World Coronavirus Dispatch: UK sheds 650,000 jobs under Covid lockdown")
Signs of fatigue in labour recovery
Data shows the worst is over and we are likely to settle at an unemployment rate which would be only slightly higher than the rates witnessed before the lockdown
Bengal's 6.5% jobless rate in June 'far better' than that of India: Mamata
This is an outcome of the economic strategy adopted by the state government to tackle the Covid-19 crisis and the devastation caused by cyclone Amphan, Banerjee said
 "Bengal's 6.5% jobless rate in June 'far better' than that of India: Mamata")
World Coronavirus Dispatch: 55,000 cases in US on Thursday, a new record
Singapore retail sales at historic low, jobs return to Spain, US jobless rate drops and other pandemic related news across the globe
 "World Coronavirus Dispatch: 55,000 cases in US on Thursday, a new record")
Covid hits Australia's golden economy, country faces rocky road to recovery
The unemployment rate for females looking for full-time work surged to 8.3% in May from 5.4% in February before coronavirus-driven shutdowns kicked in
 "Covid hits Australia's golden economy, country faces rocky road to recovery")
India tally rises to 440K; Patanjali launches ayurvedic drug for Covid-19
According to government data, the situation in India is not as alarming as some of the other countries, given a limited spread on a per-capita basis
 "India tally rises to 440K; Patanjali launches ayurvedic drug for Covid-19")
Railways planning to scale up MGNREGA employment for migrant workers
The Railways has asked Zones to prepare a list of labourers against the kind of work they can be involved in
 "Railways planning to scale up MGNREGA employment for migrant workers")
MNREGA jobs are short-term, only lasting solution is projects: L&T chief
In a Q&A, S N Subrahmanyan, MD and CEO of the engineering group says he expects govt and public sector capex to be lower by Rs 3-4 trillion this year
 "MNREGA jobs are short-term, only lasting solution is projects: L&T chief")
Can the State let employers walk away from lockdown wages?
If the government is serious about standing with the migrant workers, then it cannot leave them to the vagaries of unequal negotiations with employers.
 "Can the State let employers walk away from lockdown wages?")
Unemployment rate falls to 5.8% in 2018-19 from over a four-decade high
The unemployment rate in 2017-18 had risen to 6.1%, compared to 2.2% in 2011-12, according to the results of the Periodic Labour Force Survey released by the National Statistical Office.
India's unemployment rate in May rises to 23.48%, show CMIE data
India's infrastructure output, contributing nearly 40 per cent in industrial production, contracted 38.1 per cent in April
 "India's unemployment rate in May rises to 23.48%, show CMIE data")
Many manufacturing companies weighed labour cost cuts even before lockdown
Salary and wage bill for manufacturers was down around 1% YoY in Jan-Mar
 "Many manufacturing companies weighed labour cost cuts even before lockdown")
Calls for debt monetisation gain traction as Covid-19 cripples economy
Coronavirus has snuffed out lives of more than 2,100 people and infected nearly 63,000 in India
 "Calls for debt monetisation gain traction as Covid-19 cripples economy")
