Page 2 - Employment Growth
Jobless claims in United States rise by 28,000 to still-low 222,000
The four-week average of claims, which smooths out week-to-week ups and downs, fell below 239,000, a pandemic low
 "Jobless claims in United States rise by 28,000 to still-low 222,000")
Sales function has emerged as the biggest gainer in current quarter: Report
A report has shown that sales function has emerged as the biggest gainer of this positive sentiment.
 "Sales function has emerged as the biggest gainer in current quarter: Report")
Railways to train 50,000 youths under the Rail Kaushal Vikas Yojana
The Railways will train 50,000 youths in the age group of 18 to 35 years over the next three years as part of the Rail Kaushal Vikas Yojana
 "Railways to train 50,000 youths under the Rail Kaushal Vikas Yojana")
Job markets have recovered half of Covid pandemic damage, says OECD
Says pandemic pushed 22 million out of a job in advanced economies
 "Job markets have recovered half of Covid pandemic damage, says OECD")
Genpact plans to hire, train and support coronavirus-hit workforce
Launches 'Rise Together' to train prospective employees cutting across age groups
 "Genpact plans to hire, train and support coronavirus-hit workforce")
Minimum wage conundrum
Govt will need to strike the right balance
 "Minimum wage conundrum")
Effective measures needed to support demand creation, maintain jobs: PHDCCI
The government has to step up with effective policy measures are needed to support demand creation and maintain employment, industry chamber PHDCCI said on Monday.
 "Effective measures needed to support demand creation, maintain jobs: PHDCCI")
Around 1.2 million join ESIC in March, 100,000 more than February
Gross new enrolments with the Employees' State Insurance Corporation (ESIC) were 0.8 million in June 2020
Job postings in cybersecurity domain rise 16% in January: Report
As more and more companies have adopted online medium of doing business, there is a spurt in job postings for cybersecurity domain rising 16 per cent y-o-y in January, according to a report.
 "Job postings in cybersecurity domain rise 16% in January: Report")
US employment growth likely rebounded; more government money still needed
President Joe Biden is pushing the U.S. Congress to pass a $1.9 trillion recovery plan, which has been met with resistance from mostly Republican lawmakers
 "US employment growth likely rebounded; more government money still needed")
Agri minister Tomar asks ICAR to make farm sector more job-oriented
Agriculture Minister Narendra Singh Tomar on Wednesday asked ICAR to make the farm sector more employment-oriented with the help of New Education Policy (NEP).
 "Agri minister Tomar asks ICAR to make farm sector more job-oriented")
CMS planning to hire 1,000 employees in next two months as it expands
Leading cash management services provider CMS is planning to hire 1,000 employees in the next two months with salaries upward of Rs 30,000 per month as it expands into service vertical of cash collections for its partner banks, NBFCs and microfinance firms, a company official said. CMS Info Systems (CMS) has signed up for cash and cheque collections with several companies, including, Mahindra Finance, L&T Finance and Hero FinCorp. Anush Raghavan, Senior Vice-President and Head Cash Business Unit of the CMS said that with a network spanning over 115,000 ATMs and retail outlets that spread across 98.3 per cent of districts in India, the company is uniquely positioned as the "backbone of the circulation cycle" of the economy. "While CMS has built out the offering for NBFCs, we are also looking at the cash pickups from the other industries such as travel, education; cheque collections for the insurance industry, apart from doorstep banking service for senior citizens. "CMS is looking
 "CMS planning to hire 1,000 employees in next two months as it expands")
Swedish govt promises $12 billion to kick-start economy in 2021 budget
The Social Democrat and Green coalition said the budget would focus would be on boosting jobs among others.
 "Swedish govt promises $12 billion to kick-start economy in 2021 budget")
Employment growth rate slips to 3.5% in FY20 from 3.8% in FY19: Report
In FY20, 170,000 new jobs were added, while the net addition was 176,000 in FY19, shows a CARE Ratings report
 "Employment growth rate slips to 3.5% in FY20 from 3.8% in FY19: Report")
Govt aims to embrace 32 mn construction hands not yet covered under PMGKY
Only 18 million workers out of 50 million got cash transfer in their bank accounts under the Pradhan Mantri Garib Kalyan Yojana
 "Govt aims to embrace 32 mn construction hands not yet covered under PMGKY")
1 in 10 Indian jobseekers lost job, most think layoff imminent: Survey
Jobseekers from the IT, pharma, medical or healthcare and BFSI industries were less impacted by layoffs and salary cuts as compared to their counterparts from other industries.
Mudra boost to employment: Beneficiaries of the scheme create 11 mn jobs
After taking benefit of the scheme, jobs increased by around 11 mn in these establishments
 "Mudra boost to employment: Beneficiaries of the scheme create 11 mn jobs")
Two studies and a tale of divergent views on employment in the country
One study points to a staggering drop of nine million jobs, the other says no jobless growth, but only the educated are getting employed
 "Two studies and a tale of divergent views on employment in the country")
Best of BS opinion: Labour supply expands, US-China trade war, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS opinion: Labour supply expands, US-China trade war, and more")
Africa's working-age population likely to top Asian labour force by 2100
The number of 15-to-64-year-old Africans today is a quarter of the size of Asia's working-age population
 "Africa's working-age population likely to top Asian labour force by 2100")
