Page 26 - Unemployment

New govt to ensure 80% jobs for locals: Maharashtra Governor B S Koshyari

Koshyari made the announcement while addressing the joint sitting of the state legislature at Vidhan Bhawan in which he laid out the new government's broader agenda for the coming years

158 IIT Madras students get pre-placement offers, up 17% over last year

170 firms in phase-I of placements will recruit for 322 profiles, 35 of which will be international

Urban jobless rate down to 9.3% in Q4FY19, lowest in at least four quarters

The fall in the unemployment rate, by weekly status methodology basis, came as employment among regular wage employees and a section of self-employed workers increased during the period

Economic insecurity of youth to shape India's politics, says report

The issue of unemployment and underemployment has been an unavoidable topic in India's politics and slower economic growth has translated to poor employment numbers

Tata Steel to cut 3,000 European jobs due to excess supply, high costs

The company says there will be no plant closures; the aim is to ensure long-term future

Demonetisation, 3 years on: A look at impact on key sectors of the economy

With three years of data available to back or reject the various assertions and assumptions, Business Standard looks at the Modi govt's most disruptive economic measure, the 'note ban'

Two studies and a tale of divergent views on employment in the country

One study points to a staggering drop of nine million jobs, the other says no jobless growth, but only the educated are getting employed

Unemployment rate in India rose to a three-year high of 8.5% in Oct: CMIE

Unemployment was worse only in the pre-demonetisation period, according to the data, at 9.6% in August 2016.

India's Oct unemployment rate rises to 8.5%, highest in over 3 years: CMIE

India's infrastructure output fell 5.2% in September from a year earlier, the worst performance in years

US Fed cuts key rate by 25 bps, but signals pause in its easing cycle

The Fed said it will 'monitor the implications of incoming information for the economic outlook as it assesses the appropriate path' of its target interest rate

Low-skill jobs dominate

May-August 2019 is also the second consecutive complete Consumer Pyramids Household Survey to have recorded a sequential increase in employment

Rural unemployment rises, urban stabilises

The rural unemployment rate in the week ended October 6 was 8.3 per cent and in the second week it was 8.2 per cent

Best of BS Opinion: Educated unemployed mark India's looming crisis

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

For tech-savvy urban Indians, joblessness is the main worry: Ipsos survey

The survey is based on 19,520 interviews of the people who know how to use internet

After corporate debt, retail loans face stress amid unemployment, slowdown

The govt has unveiled steps ranging from concessions on vehicle purchases to hastening of capital infusion in state-run banks to help re-ignite an economy that's slowed sharply due to weak consumption

Unemployment now in the 8-9% range

While the weekly unemployment rate was over 9% during the week ended August 25, the 30-day moving average on the same day was 8.25%

Unemployment major challenge for India but reforms would create jobs:IMF

IMF exuded confidence that the reforms being carried out in India in the last few years would end up creating new jobs in the country

Massive job losses reveal India is failing to reap its demographic dividend

With unemployment at a 45-year high, poor health and low levels of education, India's demographic dividend is at risk

Slowdown in auto sector: More layoffs coming in sales, R&D, says industry

With the deepening crisis in auto sector, which has seen the worst volume plunge in two decades in July, independent HR industry feels the maximum impact will be on temporary workers followed by service roles in sales & marketing along with R&D as OEMs are forced to cut production. While media reports say the sector has already culled 3.5 lakh jobs since April, the national OEM body Siam Tuesday said at their level itself more than 15,000 jobs were laid off this fiscal, and thousands lost their livelihood at the dealerships side where hundreds of them have been shuttered. The Automotive Component Manufacturers Association had last month warned that of 1 million potential job losses and called upon the government to do something urgent to arrest the deepening slowdown. The sector employs over 35 million, directly and indirectly and accounts for nearly half of the country's manufacturing output. The auto sector has been on a downhill since the past 18 months or so .

Auto sector workers seek govt intervention to prevent job losses

Employees cited that till now job losses have mainly occurred on the part manufacturers' side, however, if the current market conditions prevail then downsizing might become a reality even in the OEMs