Page 24 - Unemployment

A horror movie in the making?

After the lockdown, a summer of discontent is looming as the jobs crisis deepens

70% of MSMEs intend to reduce headcount to save businesses: AIMO survey

The survey's result, the second part of the survey series conducted by AIMO amongst the corporates, MSMEs, self employed persons and others, was based on the responses from 46,525 participants.

Job situation improves in 2018-19, unemployment rate falls to 5.8%: Govt

The labour force participation rate (LFPR) during 2018-19 rose to 37.5 per cent as compared to 36.9 per cent a year ago, said the Periodic Labour Force Survey (PLFS)

Many unhappy returns

For states that account for the bulk of the migrants, this unprecedented reverse migration imposes extraordinary challenges of absorbing them without causing social disruptions

Covid-19 crisis: Rising costs, low demand force firms to impose surcharge

Rising unemployment, safety concerns and limits on the number of customers a business is allowed to serve are setting a cap on sales

10 well-known companies that laid off staff due to coronavirus

Here is the list of major companies that have said they are downsizing their workforce

Covid-19 lockdown could take away 135 million jobs in India, says report

120 million people might be pushed back into poverty in India

Best of BS Opinion: Inevitability of classical economics, Covid-19 and more

Here's a selection of Business Standard Opinion pieces for the day.

April jobs data to show a record-shattering loss of jobs in US: Report

This would mean that nearly all the job growth in the 11 years since the Great Recession had vanished in a single month

Let the enterprise of our people take its course, Rajan tells Rahul Gandhi

Rajan said,the elements of creating capabilities is better education, better health care, better infrastructure

Nearly half of world's workforce risks losing livelihoods in pandemic: ILO

Prolonged lockdowns and closures expected to lead to an 'even' worse fall in total working hours, says UN agency.

Top headlines: States want lockdown to continue; RBI calls for fiscal plan

From RBI opening special liquidity window to US states set to reopen amid unemployment spike, here are top headlines of the day

Companies shift focus on reskilling workforce for post-Covid world

With job losses and redundancies looming large, firms have taken to the idea of reskilling their workforce with gusto

Infosys won't pause hiring even as it freezes salary hikes and promotions

Plans to make 35,000 jobs offers this year, including fresher and laterals, says won't layoff staff owing to Covid-19 business

Lockdown 2.0: Unemployment rate touches 26% amid Covid-19 outbreak

The labour participation rate has similarly fallen further from 35.5 per cent to 35.4 per cent and, the employment rate has now fallen to 26.1 per cent compared to 27 per cent in the earlier week

Fair to furlough? Britain's massive job-saving plan prompts pushback

While more than half of UK companies are expected to apply for government grants to pay furloughed employees, critics say they expect too much of the cash to go where it's not needed.

Coronavirus impact: Over 100 million Indians could fall below poverty line

Job losses, destruction of informal sector and inadequate government support could push India back by a decade in poverty-reduction progress

Don't exhaust ammunition, hold some for backlash, Rahul Gandhi advises govt

Calls for categorising areas into 'hot zones' and 'safe zones', and ramping up random testing to remain ahead of the virus instead of chasing it

Five million more Americans seek unemployment benefits amid Covid-19 crisis

The Labor Department said 5.2 million new unemployment claims were filed last week, down from a slightly revised 6.6 million the week before

NYC may lose 475,000 jobs, $9.7 bn in tax revenue due to Covid-19: Report

Given the staggering job losses, IBO said it assumes that the US economy has entered a recession even though official statistics have not yet captured the scenario