Page 8 - Unemployment

Unemployment rate in October rises to more than two-year high, says CMIE

The weakest monsoon rains in five years is weighing on farming output in the world's second-biggest producer of rice, wheat and sugar

Unemployment rate in India at its lowest level in 6 years: PM Modi

Prime Minister Narendra Modi on Thursday said India's expanding economy is creating new possibilities for the youth and the unemployment rate in the country is at its lowest level in the last six years. In a video message to the Kaushal Deekshant Samaroh of the Ministry of Skill Development and Entrepreneurship, the prime minister noted that new possibilities are being created for the youth as India's economy is expanding. He said that employment creation in India has reached a new height and the unemployment rate in India is at its lowest level in 6 years according to a recent survey. Noting that unemployment is decreasing rapidly in both rural and urban areas of India, the prime minister emphasised that the benefits of development are reaching both villages and cities equally, and as a result, new opportunities are increasing equally in both villages and cities. He also pointed out the unprecedented increase in the participation of women in India's workforce and credited the impa

Urban jobless rate falls for second consecutive quarter to 6.6 % in Q1

The jobless rate in urban areas had been on a continuous decline since the high of 12.6 per cent recorded in the Covid-affected April-June quarter of FY22

Urban unemployment rate dips to 6.6% during April-June 2023: Govt survey

The unemployment rate for persons aged 15 years and above in urban areas declined to 6.6 per cent during April-June 2023 from 7.6 per cent a year ago, the National Sample Survey Office (NSSO) data showed. Joblessness or unemployment rate is defined as the percentage of unemployed persons in the labour force. Joblessness was high in April-June 2022 mainly due to the staggering impact of Covid-related restrictions in the country. The unemployment rate (UR) for persons aged 15 years and above in April-June 2022 was 7.6 per cent in urban areas, the 19th Periodic Labour Force Survey (PLFS) showed. In January-March 2023, the unemployment rate was 6.8 per cent. It was 7.2 per cent in July-September 2022 as well as October-December 2022. It also showed that the unemployment rate among females (aged 15 years and above) in urban areas declined to 9.1 per cent in April-June 2023 from 9.5 per cent in the same quarter a year ago. It was 9.2 per cent in January-March 2023, 9.6 per cent ...

TCS to modernise unemployment claims system of US state of Georgia

Company will bring in web-based platform to apply for unemployment insurance benefits

Rural reprieve pushed India's unemployment rate to 1-year low in Sept: CMIE

The overall joblessness rate slid to 7.09% last month, from 8.10% in August, data from private research firm Centre for Monitoring Indian Economy showed.

India's diamond firms in the rough as global trade sanctions mount

As Ukraine lists Indian diamond major on its list of "international war sponsors," diamantaires back home fear loss of livelihood, and rising unemployment

Employment jumped post-Covid but 2 in 5 young graduates still have no jobs

The workforce participation rate of females has improved in the last five years, especially in rural areas. But this is not due to the rise in the number of jobs but self-employment

Facing economic slowdown, PM not worried about unemployment: Youth Congress

The country is facing an economic slowdown but the prime minister is "not worried about employment for the youth", the Indian Youth Congress alleged on Sunday. Srinivas BV, the organisation's national president who led a protest at the Indian Youth Congress' office in central Delhi, said, "We mark this day -- September 17 -- as 'national unemployment day.' Scores of youngsters are unemployed across the country and yet the Centre and the prime minister refuse to acknowledge the problem." September 17 is the birthday of Prime Minister Narendra Modi, who turned 73 this year. Srinivas further alleged that crores of people applied for central government jobs in the past nine years and "yet, a large number of youngsters are unemployed". "Every sixth graduate of the country is unemployed, 22 crore people applied for central government jobs in nine years. We appeal to Prime Minister Modi to pay some attention to the unemployed youngsters of the country and take some concrete steps for thei

Telangana BJP chief ends his fast against unemployment, vacancies in govt

He said that the state government had cheated and could not conduct proper recruitment exams. The leader added that as many as 17 recruitment exams had their papers leaked

G Kishan Reddy concludes 24-hour fast in support of unemployed youth

Union Minister and BJP Telangana unit president G Kishan Reddy on Thursday concluded his 24-hour fast against the BRS government's alleged negligence towards unemployed youth. Former Union Minister Prakash Javadekar, who is BJP's election in-charge for Telangana, offered lime juice to Kishan Reddy marking the conclusion of the fast. Reddy began his fast on Wednesday at the Dharna Chowk here. However, he was "forcibly" shifted by police from the Dharna Chowk Wednesday evening for "continuing" the protest beyond the permitted time. Mild tension prevailed at the Dharna Chowk on Wednesday evening as BJP activists raised slogans and opposed the police action even as Reddy was shifted to the state BJP headquarters. Reddy, however, continued his fast at the party office. BJP General Secretary Tarun Chugh, in-charge of party affairs in Telangana, on Wednesday night condemned the police action and claimed that Reddy fell unconscious at the protest site. "Permission for the protest was is

US applications for unemployment benefits fall to lowest level in 7 months

The number of Americans applying for unemployment benefits last week fell to the lowest level in seven months with labor market seemingly resistent to the higher interest rates put in to place, in part to cool hiring. U.S. applications for jobless claims fell by 13,000 to 216,000 for the week ending Sept. 2, the Labor Department reported Thursday. The four-week moving average of claims, which smooths out some of the week-to-week volatility, fell by 8,500 to 229,250. Jobless claim applications are seen as representative of the number of layoffs in a given week. Overall, 1.68 million people were collecting unemployment benefits the week that ended August 26, about 40,000 fewer than the previous week.

Haryana's unemployment rate 8.8% till March quarter, state assembly told

Unemployment rate in the state was recorded to be 8.8 per cent till March quarter and the government has been taking steps to provide employment to the youth, state assembly was told Tuesday. Nearly 1.69 lakh youths on average were enrolled every year across several employment exchanges in the state during 2015-2022, the government told the state assembly through a written reply. Independent MLA Balraj Kundu had sought to know the total number of youths who had enrolled as unemployed in the district employment offices in the last eight years, unemployment rate in state, and the number of youths who committed suicide due to unemployment since 2014. Based on the quarterly bulletin (January-March 2023) of Periodic Labour Force Survey conducted by the Ministry of Statistics and Programme Implementation, Government of India, the unemployment rate of Haryana is 8.8 percent, the assembly was informed in the reply. According to the report received from employment exchanges, as on July 31 t

86% of employees feel reskilling can help decrease unemployment: Report

Over 86 per cent of respondents feel reskilling and upskilling can reduce unemployment and help employees easily adapt to the evolving demands of the modern work environment, a report said on Saturday. The report by HR solutions provider Genius Consultants revealed that 86 per cent of employees interviewed feel reskilling and upskilling can help in reducing unemployment, however, 8 per cent disagreed saying that it will not have much effect on the current scenario. With the rapid advancement of technology and its integration into various work processes, 88 per cent of employees consider reskilling and upskilling is crucial for professional growth, it added. The report is based on an online survey among 1,148 employees from June 14 to July 25, across sectors including banking and finance, construction and engineering, education, FMCG, hospitality, HR solutions, IT, ITES and BPO, logistics, manufacturing, media among others. The report further revealed that 77 per cent of employees .

China skips update on surging youth unemployment as economic slump deepens

China's government skipped giving an update on a politically sensitive spike in unemployment among young people as official data Tuesday showed an economic slump deepened in July. Meanwhile, the central bank unexpectedly cut a key interest rate in a sign of growing official urgency about shoring up economic growth that fell sharply in the three months ending in June. Youth unemployment is sensitive after a survey in June found a record 21.3 per cent of potential urban workers aged 16 to 24 couldn't find work after an economic rebound following the end of anti-virus controls fizzled out. Publication of unemployment by age group is suspended while the National Bureau of Statistics considers how it measures data, according to a bureau spokesperson, Fu Linghui. Fu said a survey found overall unemployment among urban workers was 5.3 per cent, up 0.1 percentage points from June. The employment situation is generally stable, Fu said at a news conference. Growth in consumer spending ...

SP members stage walkout from UP Assembly over unemployment issue

Members of the Samajwadi Party walked out of the Uttar Pradesh Legislative Assembly on Friday, the fifth day of the Monsoon session, over the issue of unemployment in the state. During the Question Hour in the Vidhan Sabha, the SP members had asked the Minister of Labour and Employment Anil Rajbhar about the major employment schemes being implemented by the Labour Department at present and the number of educated unemployed youth in the state. However, dissatisfied with Rajbhar's response, the SP members staged a walkout and raised anti-government slogans. "Will the government, keeping the above details on the table of the House, tell the total number of educated unemployed -- Inter, BA, MA, Diploma, B.Tech, M.Tech, PhD degree holders -- in the state and how many of these people have been given jobs by the Labour Department in the last two years? If not, why?" asked SP MLA Sangram Yadav. Responding to Yadav's question, Rajbhar said that the work of providing employment opportunities

India's overall unemployment rate falls in July due to farm demand

The total joblessness rate fell to 7.95% in July, from 8.45% in June, according to data released by private forecaster Centre for Monitoring Indian Economy

Congressional Budget Office predicts slower economic, job growth into 2024

The Congressional Budget Office reported Wednesday that economic and job growth so far this year has been stronger than forecast in February, but an updated outlook sees parts of the economy as weakening through 2024. The latest 10-year budget and economic outlook from the nonpartisan office shows how difficult it is to figure out where the United States is going in the wake of the pandemic. Many economists and investors were caught off guard as Federal Reserve interest rate increases, intended to combat high inflation, have not led to mass layoffs and a recession. Rather, growth and hiring have stayed relatively solid. The CBO said it expects rates to continue to rise, as well as slower growth in the gross domestic product for the rest of this year and unemployment reaching 4.7 per cent by the end of 2024. In February, the agency projected that the unemployment rate would jump to 5.1 per cent. It currently stands at 3.6 per cent. The CBO now estimates that rate will end the year a

3-fold rise in unemployment in Haryana under BJP rule: Deepender Hooda

Congress leader Deepender Singh Hooda said the unemployment rate has increased three-fold in Haryana under BJP rule and slammed the Manohar Lal Khattar government over the "appalling" situation. In a reply to a question in Parliament, Union Minister of State for Labour and Employment Rameswar Teli on Thursday said the unemployment rate in Haryana was 2.9 per cent in 2013-14 (when Congress was in power), which increased to 9.0 per cent in 2021-22, the Congress leader said in a statement here. "If we look at the unemployment rate at the national level, it is 4.1 per cent, which is less than half the unemployment rate in Haryana," Deepender Hooda, son of former Haryana Chief Minister Bhupinder Singh Hooda, said. "This appalling situation despite the fact that Haryana is surrounded by the national capital from three sides. Haryana is the only state in the country where the unemployment rate has increased three times during the BJP rule," he said. He claimed Haryana has become number on

US layoffs nearly halve in June as job cuts ease in technology sector

Like its peers, Amazon.com in March had said it would axe another 9,000 roles as a part of its second retrenchment drive, as investors also persuaded the firms to cut costs