Page 3 - Unemployment

US hiring rebounds, but rising unemployment keeps Fed rate cut alive

Nonfarm payrolls rose 227,000 last month following an upwardly revised 36,000 gain in October according to Bureau of Labor Statistics figures released Friday

BJP govt has no answers on Maharashtra's rising unemployment: Chidambaram

He urged the people to think carefully before voting for their government

Around 40% blue-collar workers actively looking for job change: Report

With attrition rate as high as 40 per cent in the blue-collar job segment, a recent report revealed that over 40 per cent of those interviewed are still actively seeking new opportunities. Over 40 per cent of participants are currently employed but actively seeking new job opportunities, according to a report by blue-collar hiring platform WorkIndia. The report revealed that the quest for a better salary is a significant motivator, with 22 per cent of respondents indicating that financial compensation is their primary reason for job hunting. Additionally, 20 per cent of respondents cited career growth opportunities as a driving factor, while another 20 per cent noted personal motivations such as relocation, completing education, or changes in family circumstances, it stated. The report is an analysis based on inputs from 1,100 respondents on the WorkIndia platform. It further revealed that many experienced candidates feel they need to be more fulfilled in their current roles, ...

US weekly unemployment claims unexpectedly fall 19,000 to 241,000

Initial claims for state unemployment benefits dropped 19,000 last week to a seasonally adjusted 241,000 for the week ended Oct. 12

Minority report: Unemployment rate among religious minorities up in 2023-24

But was down from the pre-Covid year

US unemployment benefit claims jump to 258,000, at highest level in a year

The number of Americans filing for for unemployment benefits last week jumped to its highest level in a year, which analysts are saying is more likely a result of Hurricane Helene and the Boeing machinist strike than a broader softening in the labour market. The Labor Department reported Thursday that applications for jobless claims jumped by by 33,000 to 258,000 for the week of October 3. That's the most since August 5, 2023 and well above the 229,000 analysts were expecting. Analysts highlighted big jumps in jobless benefit applications last week across states that were most affected by Hurricane Helene, including Florida, North Carolina, South Carolina and Tennessee. Claims will likely continue to be elevated in states affected by Helene and Hurricane Milton as well as the Boeing strike until it is resolved, said Nancy Vanden Houten, lead US economist of Oxford Economics. We think, though, that the Fed will view these impacts as temporary and still expect it to lower rates by (

Govt to set up 10 new ESIC medical colleges, extend unemployment allowance

The government will set up 10 new ESIC medical colleges and extend the unemployment allowance scheme for ESI Corporation members until June 2026, the Labour & Employment Ministry said on Tuesday. Labour & Employment Mansukh Mandaviya at a meeting of ESI Corporation here announced several key decisions for further strengthening the infrastructure and medical facilities of ESIC, the ministry said in a release. Mandaviya announced the establishment of 10 New ESIC Medical Colleges across various locations in the country. This decision will support the announcement made by Prime Minister during the independence day (2024) speech of creating new 75000 medical seats in the next 5 years, the ministry said. He has given extension to Atal Beemit Vyakti Kalyan Yojna for a period another two years starting July 1, 2024 upto June 30,2026. The scheme introduced in 2018 intends to provide support in the form of an Unemployment Allowance during the period when an insured person searches for a

BJP's 'unemployment crisis' endangers youth's future in Haryana: Rahul

Leader of Opposition in the Lok Sabha on Friday alleged that the "disease of unemployment" spread by the BJP has put the security of Haryana and the future of the youth in "deep danger", and asserted that a Congress government will ensure that employment returns and every family is prosperous in the state. Gandhi shared on X a video of his interaction with a group of women during his recent Vijay Sankalp Yatra. Along with the video, he said in his post on X, "The disease of unemployment spread by BJP has put the roots of Haryana, the future of the youth and the security of the state in deep danger." "Some sisters of Haryana gave shelter during the Vijay Sankalp Yatra, fed homemade rotis with great love and also explained the complex problems of the state," Gandhi said. Today, Haryana has the highest unemployment in India, he said. "The reason for this is - BJP has broken the backbone of every system that provides employment to the youth of the state in a decade," he alleged. The

Govt rolls out scheme to provide 10 mn internship over five years

The government on Thursday rolled out the internship programme that will provide financial assistance of Rs 60,000 per annum to 1 crore youth over a period of five years. In 2024-25, the total cost of the pilot project will be around Rs 800 crore and will look to provide internship to 1.25 lakh candidates during this fiscal, government sources said on Thursday. Announced in the Union Budget 2024, the Prime Minister's Internship Scheme in Top Companies will also provide insurance coverage to the interns. The scheme will be implemented through an online portal developed by the corporate affairs ministry. Subject to certain conditions, youth aged between 21 and 24 years will be eligible for the scheme, the sources said. The internship programme will commence on December 2. Through the portal, the sources said, partner companies can offer internship opportunities and the top companies for the pilot project have been identified on the basis of the average of their CSR expenditure in t

'NEET' problem: 25% of India's youth not in education, employment, training

NEET, short for not in education, employment and training, globally 20.4% of youth fell into the NEET category in 2023

Jobless rate stagnates at 3.2% in July 2023-June 2024, shows PLFS data

PLFS data for the period suggests share of self-employed, wage-jobbers up

100 days of Modi 3.0: Cong says govt again 'failed to act' on unemployment

The Congress on Tuesday claimed that the first 100 days of Modi 3.0 was marked by a litany of U-turns and a series of scandals with the government yet again having "failed to act" on India's "mass unemployment crisis". Congress general secretary in-charge communications Jairam Ramesh said "the non-biological PM and his drumbeating economists" have consistently attacked the idea of jobless growth but the reality of what has been seen since 2014 is perhaps even more stark -- "job-loss growth". "Yesterday marked a hundred days of this unstable, crisis-ridden Government. Amidst a litany of u-turns and a series of scandals, the government has yet again failed to act on India's mass unemployment crisis an issue which the Congress has been consistently sounding the alarm on for the past five years at least," he said in a statement. The crisis has been of the government's own making, caused by the decimation of job creating MSMEs through the "Tughlakian demonetisation", a hastily rushed ..

Fiscal deficit to jobs: Economic issues new J&K govt has to tackle

The region is expected to clock a growth of 7% in FY25 but it's dependent on Central government grants

Strategies to prevent suicides should address risk factors: Researchers

National strategies aimed at preventing suicide should include measures to address social issues to prevent people from reaching "crisis point," even as clinical services for those in crisis are critical, argue authors of a new six-paper series published in The Lancet Public Health journal. The international team of authors, including those from the Public Health Foundation of India, New Delhi, called for a change in the narrative around suicide -- to move away from presenting it as a purely mental health issue and acknowledge the impact of social risk factors, such as poverty, domestic violence, addictions and isolation. This was particularly relevant for India, which released the National Suicide Prevention Strategy in November 2022, and grounded most of its proposed solutions within the mental health scope, despite police data showing that factors, including gender, employment, and stressful life events have important roles to play, the researchers said. The strategy is aimed at

India, West facing unemployment while China leads global production: Rahul

India, the US and other countries in the West are facing the problem of unemployment while China isn't as it is dominating global production, Leader of Opposition in the Lok Sabha Rahul Gandhi said, underscoring the need to focus on manufacturing in India. During an interaction with students at the University of Texas in Dallas on Sunday, Gandhi said there is no shortage of skills in India and the country could compete with China if it starts aligning itself for production. He also stressed the need to encourage vocational training to bridge the gap between the business system and the education system and flagged the "ideological capture" of the latter. Gandhi is on a four-day unofficial trip to the US during which he will interact with the members of the Indian diaspora and youths with stops in Dallas, Texas and Washington DC. He also plans to meet lawmakers and senior officials of the US government during his visit to Washington DC beginning Monday. He arrived in Dallas on Saturd

Canada's jobless rate at 6.6%, surges past 7-yr high excluding pandemic

Canada's economy had been losing steam under the pressure of high interest rates, and most of the growth seen earlier in the year was primarily led by increase in population

US job growth seen picking up in Aug; unemployment rate easing to 4.2%

'The economy is going through a transition; it's slowly kind of bending under the weight of the high interest rates,' said Brian Bethune, an economics professor at Boston College

Will ELI scheme fix India's jobs crisis? A comprehensive rethink needed

The proposed employment incentive scheme is a commendable start, but it risks worsening India's employment problem

Haryana polls: 46,000 graduates apply for sweeper's job amid job crisis

Between August 6 and September 2, 2024, around 39,990 graduates and over 6,112 postgraduates submitted applications for sweeper positions that come with an average monthly salary of Rs 15,000

Odisha's unemployment rate at 3.9%, situation worse in urban areas: Govt

Odisha had an unemployment rate of 3.9 per cent, which was higher than the national average of 3.2 per cent, Skill Development and Technical Education Minister Sampad Chandra Swain told the assembly on Friday. In a written reply to BJD MLA Dhruba Charan Sahoo, Swain said Odisha was in the 21st position among all states and Union Territories in the unemployment rate as per the Periodic Labour Force Survey 2022-23 conducted by the National Sample Survey Office (NSSO). While the unemployment rate in the state's rural areas was 3.6 per cent, it was 6.2 per cent in the urban areas, he said. There were 11,04,229 youths -- 3,86,699 females and 7,17,530 males, who registered themselves with different employment exchanges in the state till May 31, 2024, he added. The highest number of 1,37,986 people registered at the special employment exchange for SC/ST. A total of 57,855 people registered with the employment exchange in Puri, followed by 54,001 people with the exchange in Berhampur in .