Page 2 - Labour Market

US jobs top forecasts, wages pick up in labor market despite Fed aggression

US employers added more jobs than expected in October while wages rose firmly, underscoring the resilience of the labor market despite the Federal Reserve's aggressive efforts to cool it down.

Trade unions urge Centre to scrap four labour codes, convene conference

Write to labour minister Bhupender Yadav stating that the codes curtail the rights and protective provisions contained in existing statutes, impose more derogatory working conditions on workers

Rural demand in India to rebound due to multiple factors: Morgan Stanley

A combination of factors like wider opening, improving labour market and terms of trade for the rural sector will result in rural demand to rebound in India, said Morgan Stanley on Wednesday

India's unemployment rate of 6.4% in September is the lowest in four years

It was rural India that made the bigger con­tri­bution to the turnaround in labour conditions

Demand for work under MGNREGA rises marginally in September: Report

Experts have said that with a dip in farm jobs, the demand for MGNREGA jobs may rise further

EPFO sees over 1 million new subscribers for fourth straight month

Though fresh additions slip sequentially in July, women enrolment at a record high

Diwali an auspicious date to sign India-UK FTA: British High Commissioner

Currently, both countries are at the last leg of negotiations towards a trade deal that kick-started in January

Haryana's stormy labour markets

According to its Economic Survey, in 2021-22, Haryana's per capita net state domestic product at Rs 2,74,635 was nearly twice the national average of Rs 1,50,326

EU doesn't single out China in planned ban on forced labour goods

The proposed Forced Labour Products Ban, from the European Commission, covers goods imported from third countries as well as those made within the EU.

Yellen says no strong labour market in long run if inflation stays high

"The Fed is going to need great skill and also some good luck to achieve what we sometimes call a soft landing," Yellen said Sunday in an interview on CNN's "State of the Union"

WFH: Can it add more Indian women to the workforce?

Prime Minister Narendra Modi recently asserted that flexible workplaces are the future. We ask if the hybrid work culture is the solution to our historically low women labour force participation

Firms in India expected to give 10% hike in 2023; highest in APAC: Report

Companies in India are expected to give a salary hike of 10 per cent in 2023 as they struggle with rising attrition in the tight labour market, according to a report

Recovery in youth employment continues to lag worldwide: ILO report

Although the number of unemployed young people worldwide fell from 75 million in 2021 to 73 million in 2022, it is six million more than pre-pandemic levels

China may turn to forced pregnancy to tackle declining birth rate: Report

As China faces a scenario of negative population growth, the government has started to force its citizens to marry early and have at least three children each.

Employment gains

Employment increased from 402.9 million in April to 404 million in May

US job cuts up in April, rising 2nd month straight as employers study risks

Job cuts in the United States rose for a second month in a row in April as employers assessed costs and the growing risk of inflation in a labor market that has mostly seen record demand for workers over the past year, employment tracker Challenger, Gray & Christmas Inc showed on Thursday.US employers announced 24,286 cuts in April, a 14% increase from the 21,387 tracked in March and up 6% from the 22,913 cuts monitored in April 2021, the firm's latest monthly report showed. It was also the first time in a year when job cuts were higher than the corresponding month a year earlier."Job cut plans appear to be on the rise, particularly as companies assess market conditions, inflationary risks, and capital spending," Andrew Challenger, senior vice president of Challenger, Gray & Christmas, Inc, said in the company's report. "Despite this, job openings are still at record highs. Workers who are being cut will have lots of opportunities and will likely land quickly."While job ...

Upskilling, reskilling of workforce topmost priority for India HR: Study

Mercer's 2022 Global Talent Trends study highlights that difficulty in hiring the right talent, at the right price, and in time remains a top concern in 2022

India must boost credit, labour to raise growth potential, says IMF

"We had lost two years of growth" because of the pandemic, Choueiri said in a separate interview Friday with Bloomberg Television's Kathleen Hays. "There is still catch up growth happening in India."

US weekly jobless claims fall to 187,000, lowest since 1969

Robust wage growth, though good news for workers, could feed into the already elevated inflation, increasing the risk of sustained high inflation, according to economists

US private payrolls increase in February; January revised sharply higher

Private payrolls increase 475,000 in February; January data revised higher to show gain instead of loss