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Friday, June 05, 2020

unemployment

UNEMPLOYMENT NEWS

US layoffs climb to 41 million, despite business reopenings

May 28, 2020 10:19 pm

The US unemployment rate was 14.7 per cent in April, the highest since the Depression, and many economists expect it will near 20 per cent in May.

67% of workers lost jobs during lockdown: Survey by Azim Premji University

May 13, 2020 6:10 am

Loss of employment was the worst for self-employed in urban areas, with 84 per cent of them losing employment, compared with 76 per cent salaried workers and 81 per cent casual workers.

The risk to jobs due to coronavirus pandemic is now ‘unprecedented since the Great Depression’

April 06, 2020 2:05 pm

Rising unemployment will intensify pressure on governments and central banks to speed delivery of programs to either compensate workers who are made redundant, or try to persuade employers to hoard staff until the virus fades.

Double-digit MGNREGA hike for all states, UTs

March 26, 2020 4:06 am

Mizoram, Chhattisgarh and Madhya Pradesh have seen an increase of Rs 14 whereas Himachal Pradesh, Meghalaya and Jammu & Kashmir recorded a hike of Rs 15, Rs 16 and Rs 17, respectively.

Unemployment rate rises with higher educational level, especially for women: Govt data

March 24, 2020 5:35 pm

While women with lower education levels were most employed, the trend reversed as education levels increased.

Punjab govt to provide 1 lakh jobs in next two years: CM Amarinder Singh

March 16, 2020 4:30 pm

The jobs will be offered in several government departments, including health, education and police, Chief Minister Amarinder Singh said.

India's February unemployment rate rises to 7.78%, highest in 4 months

March 02, 2020 4:39 pm

In rural areas, the unemployment rate increased to 7.37% in February from 5.97% in the previous month, while in urban areas, it fell to 8.65% from 9.70%, the data released by CMIE, a Mumbai-based private think-tank showed.

Six-year low — and slow: GDP growth recorded at 4.5 per cent, lowest in more than 6 years

November 30, 2019 6:55 am

This is the lowest quarterly growth rate in the five-and-half years of the Narendra Modi-led NDA government. The previous low was 4.3 per cent during January-March 2012-13.

The results of the NSO survey 2017-18 are truly bizarre

November 27, 2019 9:34 am

Not every government report should be accepted. Sometimes institutions fail to produce a credible report. Sometimes a nation has to recognise that its statistical institution is failing the most basic of ‘smell’ tests and is in need of reform.

Urban jobless rate hits 4-quarter low at 9.3 per cent

November 24, 2019 7:55 am

The urban unemployment rate, based on current weekly status, stood at 9.9 per cent in October-December 2018, 9.7 per cent in July-September 2018 and 9.8 per cent in April-June 2018.