Page 4 - Labour Market

Labour codes: Cos' PF liability to go up, less take-home pay for workers

The four labour codes are likely to see the light of day in a couple of months as the Centre is now keen to go ahead with the implementation of these laws, which among others will result in reduction in take-home pay of employees and higher provident fund liability of companies. Once the wages code comes into force, there will be significant changes in the way basic pay and provident fund of employees are calculated. The labour ministry had envisaged implementing the four codes on industrial relations, wages, social security and occupational health safety & working conditions from April 1, 2021. These four labour codes will rationalise 44 central labour laws. The ministry had even finalised the rules under the four codes. But these could not be implemented because many states were not in a position to notify rules under these codes in their jurisdiction. Labour is a concurrent subject under the Constitution of India and therefore both the Centre and states have to notify rules ...

United States retail sales surge; weekly unemployment claims fall

Retail sales increased 9.8% last month

Amazon's win in union fight shows harsh realities facing labour movement

A vote by workers on whether to unionize failed on Friday by a more than 2-to-1 margin

US private sector adds 517,000 jobs in March on labour market recovery

Private companies slashed roughly 20 million jobs in March and April last year amid Covid-19 shutdowns

US weekly jobless claims at four-month low; labour market regaining footing

Unadjusted claims dropped 47,170 to 709,458 last week, amid declines in Texas, New York and Mississippi, where claims had been boosted in the prior period by harsh weather

CII asks Haryana to relook its Bill on 75% jobs for locals in pvt sector

Says at a time when it is important to attract investments at the state level, Haryana govt could have avoided imposing curbs on industry

Fiat Chrysler Automobiles pleads guilty in US labour probe, pay $30 mn fine

U.S. District Judge Paul Borman said at a court hearing he accepted Fiat Chrysler's guilty plea and set a June 21 sentencing date

5 labour surveys including on migrants, domestic workers to begin by Apr 1

The Labour Bureau is all set to launch its five major surveys, including on migrant and domestic workers, across the country by April 1 as two out of three mandated pre-testings of the studies yielded "encouraging and positive results". The third pre-testing of the five surveys would be conducted in next ten days and then the studies would begin across the country by the Labour Bureau, which is a wing of the Ministry of Labour & Employment. Talking to PTI, Director General Labour Bureau D P S Negi said, "There are very encouraging and positive results of two pre-testings of these five surveys. The third testing in certain pocket would be done in next ten days. We are hopeful to launch all five surveys across the country by April 1 and work on ground to release results in seven to eight month." Last week on February 20, Labour Bureau Chandigarh, an attached office of the Ministry of Labour & Employment, organised a training of trainers for the five all-India surveys relating to

Statsguru: Informal sector plays important role in India's labour market

About 13.5 per cent of casual workers (who probably earned daily or weekly but had steady incomes) became self-employed in that period

Economy getting over pandemic, growth headed for 'glorious summer': RBI

Labour market conditions are improving with a gradual pick up in employment, says central bank in January Bulletin

Labour markets disappoint in Dec

The count of the unemployed mounted to 38.7 million in December 2020 compared to 27.4 million in November, registering a massive increase of 11.3 million

US labour market adds fewest workers in 6 months in Nov as Covid cases rise

Local governments continued to shed more workers, especially at schools, causing overall government payrolls to drop by 99,000 jobs, the third straight monthly decline

Wall St retreats as labour market recovery slows amid rise in Covid cases

The Dow Jones Industrial Average rose just 12.63 points, or 0.04%, at the open to 30,058.87

Hiring activity improving, including in non-tech sectors: LinkedIn report

Competition for jobs is lower than several months ago, the report said

US job openings, hiring in Sept point to sluggish labour market recovery

The United States is setting daily records for coronavirus cases, which could force state and local governments to impose new restrictions on businesses like restaurants, bars and gyms

US weekly jobless claims at 751,000 as market recovers at a slowing pace

The number of initial jobless claims in the US totalled 751,000 last week, as the labour market continues to recover at a slowing pace due to the raging Covid-19 pandemic

US weekly jobless claims drop modestly; labor market recovery cooling

The economy could be plunged into a period of uncertainty following Tuesday's presidential election

Covid broke migration trends, led to temporary rural unemployment: Report

Labour out-migration from cities led to temporary rural unemployment, shows state finance report

Best of BS Opinion: Flexible labour market, a dose of self-reliance & more

Here's a selection of Business Standard opinion pieces for the day

Best of BS Opinion: Not labour's love alone, BJP's new star in Bihar & more

Four labour legislations aim to attract investment and make it easier for companies to do business in India. Our opinion pieces talk about their impact, Bihar elections, and central banking.