Page 4 - Unemployment

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 .

Haryana Assembly elections: High on per capita income, low on employment

Its economic character is of a developed state but the investment towards asset creation is unexceptional

Weekly unemployment claims fall unexpectedly to 227,000: US labour dept

Initial claims for state unemployment benefits dropped 7,000 to a seasonally adjusted 227,000 for the week ended Aug. 10, the Labour Department said

Kharge accuses Modi govt of using 'dubious employment data for PR'

Congress president Mallikarjun Kharge on Wednesday accused the Modi government of using "dubious employment data for PR", and said no amount of "whitewashing" can change the truth that lakhs of job aspirants have to daily struggle on the road with very few jobs. Kharge shared a media report on X which claimed that for 1,257 vacancies for the post of woman constables and woman constable drivers, the Mumbai Police received 1.11 lakh applications from across the state. "Unemployment has been the biggest curse under Modi government," Kharge said. "The Modi government is using dubious employment data which is grossly inflated by counting 'unpaid labour' and 'one-hour work per week', as a ridiculous PR exercise!" he said in his post on X. In Maharashtra, where 1.11 lakh women applied for a mere 1,257 Mumbai Police constable posts, many of them forced to spend the night on the pavement with toddlers, is a grim reminder of the grave unemployment situation, he said. "A suicide helpline num

UK pay growth slowest in nearly 2 years, surprise fall in unemployment

Average weekly earnings, excluding bonuses, were 5.4 per cent higher than a year earlier in the three months to the end of June, down from 5.8 per cent in the three months to May

No quick fixes for India's jobs crisis

If policymakers pay attention to the needs of the country and act on them, the outcomes will be visible a decade from now-but doing nothing is not an option

Unemployment rate fell 1.3 percentage points in July amid uptick in hiring

Unemployment rate stood at 7.9% in July, down from 9.2 per cent reported in previous month

Hiring in power, energy sector in country witnesses 9% growth in H1FY25

Hiring activity in the power and energy sector increased by 9.01 per cent in the first half of this financial year (H1FY25) compared to the same period last year, as the country works towards achieving net-zero emissions by 2070, a report has stated. India's energy sector is undergoing a significant transformation in line with the nation's commitment to achieving net-zero emissions by 2070. This is reflected in the impressive 9.01 per cent net employment change in the power and energy sector, indicating a move towards a low-carbon future driven by significant government initiatives, according to TeamLease Services 'Employment Outlook Report' for H1FY25. TeamLease Services 'Employment Outlook Report, showcases changes in employment for the period between April-September 2024-25, based on a survey of 1,417 employers across 23 industries. The report further revealed that in the power and energy sector, Delhi leads existing job locations at 56 per cent, followed by Bengaluru at 53 per .

Unemployment rate in state down to 6.1%, will further dip: Assam CM Sarma

Assam Chief Minister Himanta Biswa Sarma on Monday claimed that the unemployment rate in the state was gradually declining and stood at 6.1 per cent in the 2023-24 financial year. Sarma said the BJP's one of the major election promises as well as governance focus was to reduce unemployment and give the youths of the state ample growth opportunities. "After 3 years, the statistics speak for itself; unemployment is down to 6.1% and will further dip in the coming days when the results of our policy interventions will start to show up. "We are always committed to the youth of Assam!" he said in a post on X. In a graphic analysis uploaded along with the post, the CM said the unemployment ratio was 8 per cent in 2022-23. "State government's proactive policies have ensured that Assam's youths are engaged in meaningful employment," he added. He, however, did not share the details if these new jobs were created in the public sector or private entities. Sarma further said that the governm