Page 15 - Unemployment

Nearly half of world's workforce risks losing livelihoods in pandemic: ILO

Prolonged lockdowns and closures expected to lead to an 'even' worse fall in total working hours, says UN agency.

Top headlines: States want lockdown to continue; RBI calls for fiscal plan

From RBI opening special liquidity window to US states set to reopen amid unemployment spike, here are top headlines of the day

Companies shift focus on reskilling workforce for post-Covid world

With job losses and redundancies looming large, firms have taken to the idea of reskilling their workforce with gusto

Infosys won't pause hiring even as it freezes salary hikes and promotions

Plans to make 35,000 jobs offers this year, including fresher and laterals, says won't layoff staff owing to Covid-19 business

Lockdown 2.0: Unemployment rate touches 26% amid Covid-19 outbreak

The labour participation rate has similarly fallen further from 35.5 per cent to 35.4 per cent and, the employment rate has now fallen to 26.1 per cent compared to 27 per cent in the earlier week

Fair to furlough? Britain's massive job-saving plan prompts pushback

While more than half of UK companies are expected to apply for government grants to pay furloughed employees, critics say they expect too much of the cash to go where it's not needed.

Coronavirus impact: Over 100 million Indians could fall below poverty line

Job losses, destruction of informal sector and inadequate government support could push India back by a decade in poverty-reduction progress

Don't exhaust ammunition, hold some for backlash, Rahul Gandhi advises govt

Calls for categorising areas into 'hot zones' and 'safe zones', and ramping up random testing to remain ahead of the virus instead of chasing it

Five million more Americans seek unemployment benefits amid Covid-19 crisis

The Labor Department said 5.2 million new unemployment claims were filed last week, down from a slightly revised 6.6 million the week before

NYC may lose 475,000 jobs, $9.7 bn in tax revenue due to Covid-19: Report

Given the staggering job losses, IBO said it assumes that the US economy has entered a recession even though official statistics have not yet captured the scenario

Industry shutdown must end

Industry must be allowed to resume operations in areas other than the identified hotspots with proper safety guidelines in place as soon as possible

End lockdown or not?

Extending the lockdown could lead to more deaths

Covid-19 impact: 195 mn full-time workers may lose jobs globally, says ILO

Huge losses are expected across different income groups, especially in upper-middle income countries (7 per cent, 100 million full-time workers), said the ILO

India needs a new social compact

The symbiotic relationship between migrant workers and the economy must be acknowledged when the lockdown ends

Pandemic distress

We need businesses up and running and people back at work - and swift extraordinary actions to make this happen

Economic dislocation

FY21 will be a difficult year for all stakeholders

Best of BS Opinion: Unemployment rate, coronavirus outbreak, and more

Business Standard opinion pieces for the day talk about various aspects of the pandemic

Coronavirus may make 25 mn jobless, workers to lose $3.4 trn in income: UN

It added however that an internationally coordinated policy response could 'significantly lower' that number

Hard-sell on Women's Day

The anniversary has become a commercialised event

Unemployment rate was at 6.1% in 2017-18, says govt citing new survey

Gangwar said the government has stopped the previous survey as the sample size was low