Unemployment Rate

Labour churns in March

The labour markets have been weak during the last quarter of 2022-23

Top headlines: Unemployment rate rises to 7.8%, Twitter bans 680k accounts

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Japan's unemployment rate increased in Feb; jobless rate reaches 2.6%

Japan's unemployment rate increased in February from a month earlier, the government said in a report on Friday

Bridge the gap

Poor countries provide fewer opportunities to women

Japan's unemployment rate drops to 2.4% in January, says ministry

Japan's unemployment rate dropped in January from a month earlier, the Ministry of Internal Affairs and Communications said in a report on Friday

India's unemployment rate rose to 7.45% from 7.14% in January: CMIE

India's unemployment rate rose to 7.45% in February from 7.14% in the previous month, data from the Centre for Monitoring Indian Economy (CMIE) showed on Wednesday

Top headlines: Unemployment rate dips to 4.1%, FDI inflows take a hit

Business Standard brings you the top headlines at this hour

Unemployment rate at 5-year low of 4.1% in 2021-22, shows PLFS data

Quarterly PLFS survey for urban India shows unemployment rate stagnated at 7.2% after declining for five consecutive quarters

Car-sharing firm Getaround lays off 10% of workforce with immediate effect

The US-based car-sharing company Getaround has announced laying off about 10 per cent of its workforce with immediate effect

Thousands of Salesforce employees get to know they've been sacked

Several Salesforce employees just came to know that they have been fired, as the company began laying off 7,000 workers or 10 per cent of its workforce as announced earlier last month

After layoffs, Meta CEO Zuckerberg wants 2023 to be 'year of efficiency'

After laying off 11,000 employees, Meta Founder and CEO Mark Zuckerberg now wants 2023 to be the "year of efficiency"

New Zealand's unemployment rate reaches 3.4% in December 2022: Report

In the December 2022 quarter, the labour force participation rate remained at 71.7 per cent and the employment rate remained at 69.3 per cent

Dutch electronics giant Philips to cut 6,000 jobs worldwide over next 2 yrs

Dutch consumer electronics and medical equipment maker Philips said Monday it is cutting 6,000 jobs worldwide over the next two years as it revealed a net loss of 1.6 billion euros (USD 1.7 billion) in 2022, down from a net profit of 3.3 billion euros last year. The job losses come on top of a reduction of 4,000 staff the company announced in October. The company, which has its headquarters in Amsterdam, is reeling from a worldwide recall of sleep apnea machines and economic headwinds including COVID-related issues in China and the war in Ukraine. CEO Roy Jakobs said 2022 was a very difficult year for Philips and our stakeholders, and we are taking firm actions to improve our execution and step up performance with urgency. He said the job cuts will significantly reduce costs and make Philips a leaner and more focused organisation.

Germany-based micro-mobility firm Tier Mobility lays off 7% of workforce

Germany-based micro-mobility company Tier Mobility on Thursday announced that it will be laying off 7 per cent of its workforce amid restructuring

'Back to Bharat' trend picking up in EV, Hitech sectors, says CIEL

With the West facing economic recession, job losses happening and while the Indian economy is predicted to grow, "Back to Bharat" is gaining ground in the executive placement segment, said CIEL

Amazon begins new round of job cuts, lays off over 18,000 people: Report

Amazon has started notifying its employees affected by its new round of layoffs, as a part of its plan to reduce its headcount by around 18,000 people, the media reported

Despite being educated, unemployment rate high among Kerala youth: Tharoor

Unemployment rate among the youth in Kerala is huge and there is a need to make the state more attractive for its younger generation to prevent them from going outside for jobs, Congress MP from Thiruvananthapuram Shashi Tharoor said on Monday. Tharoor, speaking at the inauguration of the 146th Mannam Jayanthi celebration at the Nair Service Society (NSS) headquarters at Perunna in Changanassery here, said unemployment among the youth in Kerala was 40 per cent in June 2022. Mannam Jayanthi is held to celebrate the birth anniversary of NSS founder and social reformer Mannath Padmanabhan. He said only Jammu and Kashmir was in such a situation, but that was due to militancy problems there. "No other state is showing such concerning figures of unemployment among the youth. In other states those uneducated or unskilled are the ones lacking jobs. However, in Kerala everyone is literate, educated and has passed class 10, yet a lot of them do not have jobs," the Thiruvananthapuram MP ...

Unemployment rate rises to 16-month high of 8.30% in Dec 2022: CMIE

The urban unemployment rate rose to 10.09% in December from 8.96% in the previous month, while the rural unemployment rate slipped to 7.44% from 7.55%, the data showed

Six states report fewer formal jobs for youth in Sept qtr, shows EPFO data

Experts attribute drop to large-scale of migration; young from these states stand to earn significantly more, post migration, than they do by staying back

Unemployment rate rises to three-month high at 8% in November: CMIE

The country's unemployment rate rose to a three-month high at 8 per cent during November, according to data by the Centre for Monitoring Indian Economy (CMIE). The unemployment rate in urban India was higher at 8.96 per cent, while in rural areas, it was at 7.55 per cent, the CMIE data showed on Thursday. In October this year, the urban joblessness was at 7.21 per cent and the rural unemployment rate was at 8.04 per cent. Among the states, Haryana continued to have the highest unemployment rate in the country in November at 30.6 per cent, followed by Rajasthan at 24.5 per cent, Jammu and Kashmir at 23.9 per cent, Bihar at 17.3 per cent and Tripura at 14.5 per cent. The states that witnessed the least unemployment rate in the previous month are Chhattisgarh at 0.1 per cent, Uttarakhand 1.2 per cent, Odisha at 1.6 per cent, Karnataka 1.8 per cent and Meghalaya at 2.1 per cent. India's unemployment rate in October was at 7.77 per cent, while in September it was at a low of 6.43 per c