Page 9 - Employment

Unemployment rate falls, but still too high

India, incidentally, was the fastest country to report the unemployment rate for the month of January 2023

Back in action: After a year of lull, Centre to swing into hiring mode

Will recruit more for central ministries and depts in 2022-23 and 2023-24

US job openings surge unexpectedly past 11 million as Fed zeros in on labor

The increase was the largest since July 2021 and mostly reflected a jump in vacancies in accommodation and food services

Labour markets, employment recover beyond pre-Covid level: Economic Survey

Labour markets and employment recovered beyond pre-Covid level with sustained effort in last few years, including world's largest vaccination drive in India, said the Economic Survey 2022-23. The document tabled in the Parliament on Tuesday said, "Labour markets have recovered beyond pre-Covid levels, in both urban and rural areas, as observed in supply-side and demand-side employment data." Quarterly urban employment data shows progress beyond pre-pandemic levels as the unemployment rate declined from 8.3 per cent in July-September 2019 to 7.2 per cent in July-September 2022. Reflecting rising formalisation of employment, net addition to EPFO payroll is steadily moving upward after swiftly rebounding from Covid-19, with the majority share coming from the youth. The net addition in EPF (employees' provident fund) subscriptions during FY22 was 58.7 per cent higher than in FY21 and 55.7 per cent higher than that in the pre-pandemic year 2019. Net average monthly subscribers added un

Economic Survey 2022-23: What does it say about inflation and employment

Economic Survey said that RBI's inflation projections for FY23 are neither too low nor too high

Amid layoffs, demand for non-tech jobs grew during December 2022: Report

Amid reports on layoffs by multinational technology companies, a report has revealed that there has been an increase in demand for talents in non-tech sectors in India, including healthcare, food services, construction and education in December 2022. Global job site Indeed's monthly jobs insights showed that healthcare allied fields such as dental and nursing have the highest job postings on its platform at 30.8 per cent in December 2022. This was followed by food services (8.8 per cent), construction (8.3 per cent), architecture (7.2 per cent), education (7.1 per cent), therapy 6.3 per cent, and marketing (6.1), among others, the report added. The report noted that the relative resurgence of business normalcy in a post pandemic world has brought buoyancy back in sectors like construction and civil engineering. Even sectors like marketing, which was one of the earliest to see layoffs during the pandemic, has picked up steam, it said, adding that last year, brands have realised the

Madhya Pradesh govt's emphasis on self-employment of SC-ST youth

A ministerial group will present report of recommendations after in-depth discussion on suggestions from various stakeholders

Japan plans to raise employment rate of people with disabilities to 2.7%

This marked the largest increase since the current system was introduced, local media has reported

What youngsters want from India Inc: Freedom to explore, and space to fail

Pure financial incentives losing hold over Gen Z as they now have bigger dreams, but not necessarily one dream job

S Korea's job additions hit 22-year high in 2022, 28.08 mn employed

"In 2022, the recovery of everyday life, the increase of activities and exports, and the rise in the demand for care services led to the overall increase in the number of people with jobs

DESH Bill deadlock likely to force Cabinet secretary to step in

The department of commerce finalised the new proposed SEZ law and sought inter-ministerial comments in June last year, with an aim to table it in the Monsoon Session of Parliament

US hiring stays brisk as employers add 223,000 jobs in Dec: Labor dept

America's employers added a solid 223,000 jobs in December, evidence that the economy remains healthy yet also a sign that the Federal Reserve may have to raise interest rates more aggressively to slow growth and cool inflation. The December job growth, though a decent gain, amounted to the lowest monthly increase in two years. The unemployment rate remained fell to 3.5%, matching a 53-year low, the Labor Department said Friday. Last month's job growth capped a second straight year of robust hiring during which the nation regained all 22 million jobs it lost to the COVID-19 pandemic. Yet the rapid hiring and the hefty pay raises that accompanied it likely contributed to a spike in prices that catapulted inflation to its highest level in 40 years. The picture for 2023 is much cloudier. Many economists foresee a recession in the second half of the year, a consequence of the Fed's succession of sharp rate hikes. The central bank's officials have projected that those increases will

Allegis Group names Venkat Shastry as new India managing director

Talent solutions firm says executive will focus on revenue, customers and partner relationships

2022: When the pendulum moved from great resignation to great return

The controls are back with employers, and WFO with a degree of flexibility is the office-way for now

Consumer sentiments depressed in December

Like the labour market stress is concentrated in urban India, consumer sentiments have also soured essentially in urban India

Uber to hire 800 women techies for two new programmes by next year

The ride-hailing firm said it has gained by hiring women techies in terms of improving quality and productivity

YouTube creators contributed Rs 10,000 cr to India's GDP in 2021: Study

Video sharing platform supported more than 750,000 full-time equivalent jobs in the country

Union minister Jitendra Singh says 147,000 inducted through Rozgar Melas

As many as 1.47 lakh new appointees were inducted by various central government departments, autonomous bodies and banks among others through 'Rozgar Melas', the Rajya Sabha was informed on Thursday. Vacancies are being filled up in mission mode, Union Minister of State for Personnel Jitendra Singh said in a written reply. He said recruitment against vacant posts is a continuous process. "By the time vacancies reported by a department get filled up, some new vacancies arise. Vacancies in various central government ministries/departments and their attached and subordinate offices are caused due to retirement, resignation, death, promotion etc. of the employee," Singh said. Rozgar Mela events are being held across the country and so far about 1.47 lakh new appointees were inducted by various central ministries, departments, public sector undertakings, autonomous bodies, banks etc., he added. "Rozgar Mela is expected to continue to act as a catalyst in further employment and self ...

Nearly 979,000 posts vacant in central government departments: Centre

There are around 9.79 lakh vacancies in the central government for different posts and departments, the Lok Sabha was informed on Wednesday. As per Annual Report of Pay Research Unit of Department of Expenditure, 9,79,327 posts are vacant under various ministries/departments of the central government, as on March 1, 2021, Union Minister of State for Personnel Jitendra Singh said in a written reply. "Occurrence and filling up vacancies is a continuous process, as per the requirement of various ministries/departments/organisations of central government," he said. The government has already issued instruction to all ministries/ departments for timely filling up of the unfilled posts, Singh said. The Rozgar Melas being organised by Government of India are expected to act as catalyst in further employment generation and provide meaningful opportunities to the youth for their empowerment and participation in national development directly, he added. In another reply, the minister said th

Are states with high levels of poverty spending less on MGNREGS?

Experts said an institutionalised system of social audits will clear lots of doubt