Page 22 - Unemployment

GDP data: No surprises here; need different policy measures to stem the rot

The only sector to show growth is agriculture, while the government sector disappointed with public admin de-growing by 10.3 per cent

Slow pace of pay growth adds to hurdles in way of India's economic recovery

A survey by Deloitte Touche Tohmatsu India LLP showed average salaries gained 3.6 per cent in the fiscal year that started in April, down from 8.6 per cent a year ago

US Economy in question as 1 million people apply for unemployment insurance

The Labor Department said Thursday that initial jobless claims for the week ended Aug. 15 came in at 1.106 million

ESIC members who lost their jobs amid Covid can claim 50% of average wage

At present, the benefit amounts to around 25 per cent of average wages

Does govt have plans to tackle declining GDP, unemployment, asks Congress

"This government cannot be a 'Ram bharose' government, because even Ram helps only those who help themselves," Congress said

Rahul targets govt, says 20 mn jobs lost in last 4 months amid Covid-19

The news report cited by Gandhi claimed that around 18.9 million jobs were lost due to the coronavirus pandemic from April onwards

18.9 mn salaried people lost jobs since April, 5 mn in July, says CMIE

The loss of around 5 million jobs in July comes after around 3.9 million jobs were gained in June, as per the data

6.1 million youth may lose jobs in India due to Covid-19: ADB-ILO report

Unemployment rate in the country will rise to a staggering 32.5 per cent, but will be higher in Sri Lanka at 37.8 per cent

Covid-19 impact: 50% of global youth depressed, 17% out of jobs, says ILO

The ILO survey aimed to capture the immediate effects of the pandemic on the lives of youths (aged 18 to 29 years) with regard to employment, education, mental health, rights and social activism

Covid-19 impact: UK job losses hit decade-high, worse seen ahead

Mounting job losses are expected as Britain winds down its job-retention scheme, which has covered around one in three private-sector jobs. It is due to close at the end of October

MSMEs, industries must be made import-substitute for self-reliance: Gadkari

Says private sector should think more about tribals, villagers, farmers and other marginalised sections while talking about growth

Mass unemployment amid pandemic emerges as biggest challenge for China

Unemployment is exploding in the country with an estimated 70 to 80 million Chinese lost their jobs or were unable to work at the end of March, several weeks after the lockdown was lifted

Bengal's unemployment rate spikes in July despite easing curbs: CMIE

Despite relaxations in lockdown curbs, the West Bengal's unemployment rate in July has increased marginally to 6.8 per cent

KLM airlines announces massive layoffs, set to cut nearly 5,000 positions

At the end of June, the Dutch government presented an aid package of 3.4 billion euros ($3.8 billion) for KLM to overcome the consequences of the Covid-19 crisis

Covid-19 impact on GDP to be felt for years in advanced economies: Fitch

Huge uncertainties surround the economic outlook in aftermath of the massive shock in H1 2020

Govt showing people buoyant dreams despite its failures: Rahul Gandhi

Congress leader Rahul Gandhi on Tuesday accused the government of taking away people's jobs and savings, failing to stop the spread of coronavirus and still showing them "lofty false dreams"

What's at stake in the battle over US unemployment benefits in Congress?

Unemployment benefits to help laid-off Americans cover their bills as they look for work. They typically cover only a fraction of a worker's prior earnings

Gold price today: Rs 50,703 per 10 gm, silver climbs to Rs 60,785 per kg

In New Delhi, the price of 22-carat gold rises to Rs 49,000 per 10 gram

Emerging stronger from the Covid-19 crisis

Five changes can help India's large businesses position themselves for long-term success

EPFO records 318,000 new enrolments in May amid Covid-19-induced lockdown

Provisional payroll data released by the EPFO last month showed that net new enrolments stood at 133,000 in April this year