Page 10 - Unemployment

Pak's effort to curb trade deficit leads to rising unemployment: Report

Curbing imports of raw materials to improve the trade balance is tantamount to cutting one's nose to spite one's face," according to the Dawn

TMC to raise Adani issue, price rise in 2nd leg of Budget Session: O'Brien

The TMC will raise in Parliament issues such as the LIC and SBI's risk exposure, price rise of essential commodities, unemployment and "misuse" of central agencies during the second phase of the Budget Session, its Rajya Sabha floor leader Derek O'Brien said Wednesday. He said West Bengal Chief Minister and TMC supremo Mamata Banerjee and the party's all-India general secretary Abhishek Banerjee decided on the floor strategy in a meeting also attended by the party's floor leaders of the two Houses. Sudip Bandyopadhyay is the TMC's Lok Sabha floor leader. O'Brien said that LIC's exposure to the Adani Group and price rise affect the lives of the common man and should be highlighted. The LIC and SBI's exposure to the Adani group were raised by the opposition parties in the first leg of Parliament's Budget Session which saw multiple disruptions. The Trinamool Congress will also raise the issue of "political vendetta" against non-BJP ruled states in Parliament and also question the Uni

Violence against women a hidden issue in country: Rahul at London event

Rahul Gandhi, during an interaction with the Indian diaspora in London, said that he found during the Bharat Jodo Yatra that the main issues in the country are price rise and violence against women

Over 1.84 mn unemployed candidates registered with Rajasthan govt

Over 18.4 lakh unemployed candidates are registered with the Department of Skill, Employment and Entrepreneurship of the Rajasthan government, out of which 1.9 lakh eligible candidates are getting unemployment allowances. Replying to a question raised by BJP legislator Satish Poonia during the Question Hour in Rajasthan Assembly on Tuesday, the state government said there are 18,40,044 registered unemployed candidates, including 11,22,090 men, 7,17,555 women and 399 others as on February 21, 2023. Rajasthan minister Ashok Chandna said 6,22,043 candidates have benefited till February 21, 2023 under the scheme, out of which unemployment allowance is being given to 1,90,873 eligible candidates, including 1,07,431 men and 83,442 women. The government noted that employment assistance camps are also being organised to provide jobs to the youth of the state. From January 2019 to January 2023, a total of 1,062 employment support camps were organised and 1,08,890 youngsters benefitted from

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

Unemployment rate dips to 7.2% in October-December 2022: Govt survey

Joblessness was high in October-December 2021 mainly due to the staggering impact of Covid-related restrictions in the country

Unemployment rate falls, but still too high

India, incidentally, was the fastest country to report the unemployment rate for the month of January 2023

Lack of dignity for labour main reason behind unemployment, says RSS chief

Rashtriya Swayamsevak Sangh (RSS) chief Mohan Bhagwat on Sunday said lack of dignity for labour was one of the main reasons behind unemployment in the country, as he urged people to respect all kinds of work irrespective of their nature and asked them to stop running after jobs. He said that no society in the world can create more than 30 per cent jobs. "No matter what kind of work people do, it should be respected. Lack of dignity for labour is one of the chief reasons behind unemployment in the society. Whether the work requires physical labour or intellect, whether it requires hard work or soft skills - all should be respected," he said during a public function here. "Everyone runs behind jobs. Government jobs are only around 10 per cent, while other jobs are around 20 per cent. No society in the world can create more than 30 per cent jobs," he said, adding that work that requires hand labour is still not respected. Giving an example, he said a man engaged in washing cups and ..

US jobless insurance claims near historic low despite cooling economy

Applications for US unemployment insurance last week fell slightly, hovering around historically low levels as the labor market holds strong despite a weakening economy

US layoffs hit two-year high in Jan as tech firms cut thousands of jobs

Retailers, second after tech, cut 13,000 positions in January, compared with virtually no layoffs a year earlier

Budget 2023 fails to address problems of unemployment, poverty: Opposition

As the country is scheduled to have Assembly polls in some states in 2023 as well as Lok Sabha elections in 2024, the Opposition did not miss the opportunity to termed the Budget as anti-poor

Amazon job cuts hit staffers in grocery, robotics, payments, AWS divisions

Amazon announced job cuts of around 18,000 employees last month, and those who lost their jobs were from various divisions of the company, including AWS, healthcare and delivery business, among others

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

German unemployment rate climbs to 5.7% in January; over 2.62 mn jobless

The number of jobless people in Europe's largest economy rose by 162,000 month-on-month to just under 2.62 million in January

Nothing on unemployment: Adhir Chowdhury on Murmu's address in parliament

'There are plenty of issues facing our country today and we will raise them all in Parliament, one after the other. There was no mention of unemployment in the President's address'

Online marketplace OLX to slash over 1,500 jobs globally, including India

Joining the mass layoff season, online marketplace OLX Group is slashing 15% of its workforce, or more than 1,500 employees, globally including in India

Chip-maker Intel to layoff nearly 340 employees at California campus in US

Calling it "difficult decisions,' chip-maker Intel is laying off nearly 340 employees at one of its campuses in the US

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.

CEO Mark Zuckerberg now puts Meta's middle managers on notice: Report

After sacking 11,000 employees in November last year, Meta Founder and CEO Mark Zuckerberg has now reportedly put middle managers at the company on notice

US-based crypto exchange Gemini to lay off 10% workforce, says report

US-based crypto exchange Gemini said that it will lay off 10 per cent of its workforce, citing "bad actors" in the crypto industry, the media reported.