Page 6 - Unemployment

Citizenship, connectivity, unemployment key issues in Assam's Barak Valley

Citizenship, unemployment, poor infrastructure and lack of proper connectivity with the rest of the country are the major issues being highlighted by candidates contesting in the two Lok Sabha constituencies - Silchar (SC) and Karimganj - in Assam's Barak Valley, bordering Bangladesh. Thirty-two candidates are in the fray in the two Lok Sabha constituencies in Barak Valley which will go to the polls on April 26. In these two constituencies in the valley, which gets its name from River Barak, the ruling BJP first made inroads winning both seats in 1991 and 1996 when the party had practically no organisational base in the state. In Silchar, the contest is likely to be among BJP's candidate and Assam minister Parimal Suklabaidya, Congress's Surya Kanta Sarkar and AITC's Radheyshyam Biswas, a former AIUDF MP from neighbouring Karimganj. In Karimganj, a close contest is expected between BJP's sitting MP Kripanath Malla, Congress candidate Hafiz Ahmed Rashid Choudhury and AIUDF's Sahabul

Raghuram Rajan flags employment concerns amid India's growth momentum

Raghuram Rajan's remarks come at a time when unemployment remains a major issue in India, with a survey by Lokniti-CSDS revealing that 27% of voters consider it their top concern

The right to first job: Why apprenticeship hasn't taken off in India

Apprenticeship in India has failed to take off majorly due to the lack of awareness among the firms especially in the services sector, believe industry observers

Unemployment rate to decline 97 basis points by 2028, says ORF report

India's unemployment rate is likely to decline by as much as 97 basis points by 2028 as the country's economy hits the USD 5 trillion mark, fuelling a rise in employment, a new report said on Tuesday. Unemployment rate -- the percentage of people in the labour force who are without jobs -- is projected to fall from 4.47 per cent in 2024 to 3.68 per cent in 2028, the India Employment Outlook 2030 report by thinktank Observer Research Foundation (ORF) said. "India's job market is experiencing a transformation as the country has become the world's fastest growing large economy in the aftermath of the Covid-19 pandemic," the report said. The country's young population, whose median age is 28.4 years, holds a key to fuelling economic expansion. "With a GDP growth rate of 7.8 per cent, India could potentially achieve its target of becoming a USD 5-trillion economy by 2026-27, with such growth being underpinned by strong private consumption and public investment," it said. India's gross

Lok Sabha polls: Unemployment imposed by BJP biggest issue, says Kharge

Congress president Mallikarjun Kharge on Sunday said the biggest issue in the Lok Sabha elections is the unemployment "imposed by the BJP", claiming the youth are struggling to find jobs and the country is staring at a "demographic nightmare". In a post on X, Kharge said the Congress 'Pehli Naukri Pakki' guarantee under 'Yuva Nyay' would remove the barriers that separate work and learning, thereby opening fresh avenues for career growth. "The biggest issue in these Lok Sabha elections is unemployment, imposed by the BJP. Our Youth are struggling to find jobs, and we are staring at a demographic nightmare," the Congress president claimed. Citing the case of India's premier institutes, IITs and IIMs, Kharge said across 12 IITs, around 30 per cent of our students are not getting regular placements. "Only 20% of 21 IIMs could complete the summer placements so far. If this is the situation in IITs and IIMs, then one can imagine how the BJP has destroyed the future of our Youth across th

That tricky issue of job creation

Why is it so hard for government action to create jobs - so much so that even high economic growth under different regimes is not good enough to change the basic picture of unemployment?

Unemployment hurting Indian youth, most jobs informal, says ILO Report

The International Labour Organisation's report revealed that while the wages of casual labourers maintained a modest upward trend during 2012-22, real wages of regular workers either remained stagnant

We're sitting on ticking bomb of joblessness, have plan to give jobs: Cong

Attacking the Centre over the issue of unemployment, the Congress on Wednesday claimed the country is sitting on a "ticking bomb" of joblessness with the youth bearing the brunt of the Modi government's "apathy" and asserted that it has a concrete plan for providing jobs to them. Citing the India Employment Report 2024 released by the International Labour Organisation (ILO) and the Institute of Human Development (IHD), Congress president Mallikarjun Kharge urged people to remember before voting that Prime Minister Narendra Modi promised to provide 20 crore jobs in 10 years but "snatched more than 12 crore jobs from the youth". "Our Youth is bearing the brunt of Modi government's pathetic apathy, as ever-rising Unemployment has destroyed their future. ILO & IHD Report conclusively says that the Unemployment problem is grim in India," he said. "They are conservative, we are sitting on a 'ticking bomb' of joblessness!" Kharge said in a post on X. "But the Modi government's Chief ...

Will unemployment be an issue for young voters?

Youth unemployment is set to be a major issue in the Congress' campaign for the general election, but a lot will also depend on how effectively the party can take its campaign to the young

No jobs and a bleak future: Has the political class failed India's youth?

Rahul Gandhi has been criticised for "trivialising" the security breach in Parliament by belatedly raising unemployment as a political issue

US weekly jobless claims unchanged as market continues to gradually ease

Initial claims for state unemployment benefits held at a seasonally adjusted 217,000 for the week ended March 2, the Labor Department said on Thursday

Lok Sabha polls: Congress unveils 5 guarantees to woo youth in poll promise

A Congress government will guarantee a "bharti bharosa" to the youth, where the Centre will take steps to fill three million vacant government jobs

Rahul likely to announce 10-point poll promise for youth in MP rally today

Former Finance Minister P Chidambaram, who heads the manifesto committee, said the draft report will be presented to Congress president Mallikarjun Kharge

Key issues like unemployment, inflation find no place in media: Rahul

Congress leader Rahul Gandhi on Monday claimed unemployment and inflation are the major challenges in the country, but these issues do not find a place in the media. Addressing gatherings as part of the Bharat Jodo Nyay Yatra, which resumed from Shivpuri in Madhya Pradesh after a one-day break, Gandhi accused the media of diverting the people's attention by harping on China, Pakistan, cricket, and Bollywood. Gandhi claimed the media was busy covering the marriage in the Ambani family but has no time to cover key issues. "The country is facing three major challenges, namely unemployment, inflation and corruption, but they have disappeared from the media. They (media) will not show you these issues but they will divert your attention by asking you to look at China, Pakistan, cricket, or Bollywood," he alleged. Why the media is showing Ambani's marriage 24 hours? he asked apparently referring to the pre-wedding bash of Anant Ambani-Radhika Merchant in Jamnagar. Since the media is ...

INDIA bloc will open 'closed doors' of jobs for youth, says Rahul Gandhi

Congress leader Rahul Gandhi on Monday hit out at the Narendra Modi government for "not filling up" vacant posts and asserted that it is the INDIA bloc's resolve to open the "closed doors" of jobs for the youth. Gandhi alleged that Prime Minister Modi's intention is not to provide employment. In a post in Hindi on X, Gandhi said, "Youth of the country, note one thing! Narendra Modi's intention is not to provide employment. Far from creating new posts, he is also sitting on the vacant posts of the central government." "If we consider the data presented by the central government in Parliament, then 9,64,000 posts are vacant in 78 departments. If we look at important departments only, 2.93 lakh posts are vacant in the railways, 1.43 lakh in the home ministry and 2.64 lakh in the defence ministry," the former Congress president said. Does the central government have the answer as to why more than 30 per cent posts are vacant in 15 major departments, he asked. "Why are a large number o

Youth would not use mobiles 12 hrs day if there was no unemployment: Rahul

Congress leader Rahul Gandhi on Saturday said youngsters would not be using their mobile phones for 12 hours a day had there been no unemployment in the country. Rahul Gandhi said this while addressing a gathering in Sambhal as part of his Bharat Jodo Nyay Yatra. The Congress leader's Bharat Jodo Nyay Yatra reached Sambhal via Moradabad and Amroha, where Congress and Samajwadi Party leaders welcomed Rahul Gandhi and Priyanka Gandhi Vadra. Speaking at the Chandausi intersection, Rahul Gandhi asked a man, "How many hours do you use your mobile?" to which he replied, "Twelve hours." Responding to this, Rahul Gandhi said, "There is no employment in India, that is why you use your mobile phone for 12 hours. Did you know that the sons of big businessmen don't watch Reels, they count money 24 hours (a day)?" "If you get employment, you will watch Reels for half an hour and work for 12 hours," the Congress leader said. Rahul Gandhi -- who has claimed several times during the yatra that p

Under-employment a problem for India: Panagariya as he pitches for reforms

Pitching for labour reforms, the chairman of the 16th Finance Commission and former NITI Aayog Chairman Arvind Panagariya on Saturday said that "unemployment," is not a problem for India but "under-employment" is. Speaking at a session 'The Economic Whisper: how to fuel growth with jobs' at the concluding day of the two-day ABP Network's 'Ideas of India Summit 3.0' here, he also sounded optimistic that the jobs problem in the country will be solved over the next 10 years. "Unemployment is really not India's problem in my view. Our problem is underemployment, so productivity is low. So the job that can be done by one person often gets done by two people or maybe three people. And that is where I think, the real challenge of jobs is creating well-paid high-productivity jobs," he said. Stating that in the economy's jargon, India is a labour-abundant and capital-scarce country, he said, "What we have done is to put much of the capital in very selective sectors which are in any case very

India's urban jobless rate eases to 6.5% in Q3FY24, shows PLFS data

The jobless rate in urban areas has been steadily declining since the high of 12.6 per cent recorded in the COVID-affected April-June quarter of FY22

Hiring activity down 5% in January, but registers sequential rise: Report

Hiring activity saw a 5 per cent decline in January, while sequentially it was up 3 per cent, a report said on Monday. The sequential increase was largely due to an improvement in demand for skilled talent in the tourism, telecom, and Banking, Financial Services and Insurance (BFSI) industries, foundit Insights Tracker said in the report. The hiring activity was down 5 per cent in January compared to the same month last year, it said. "...we could trace the steady growth of the tourism industry, which aligns with global trends and the government's interests," Sekhar Garisa, CEO, foundit (previously Monster APAC and ME), a Quess company, said. He said the Budget's focus on developing iconic tourist destinations and promoting spiritual tourism aligns with the increasing demand for unique and immersive travel experiences. "This forward-thinking approach aligns perfectly with the evolving trends we observed at foundit, where the travel and tourism sector has seen an impressive 21 per

Focused cuts, fewer layers: Tech industry layoffs enter new phase

Slashing tech work forces would have been anathema in Silicon Valley just a few years ago