Page 18 - Unemployment

Massive job losses reveal India is failing to reap its demographic dividend

With unemployment at a 45-year high, poor health and low levels of education, India's demographic dividend is at risk

Slowdown in auto sector: More layoffs coming in sales, R&D, says industry

With the deepening crisis in auto sector, which has seen the worst volume plunge in two decades in July, independent HR industry feels the maximum impact will be on temporary workers followed by service roles in sales & marketing along with R&D as OEMs are forced to cut production. While media reports say the sector has already culled 3.5 lakh jobs since April, the national OEM body Siam Tuesday said at their level itself more than 15,000 jobs were laid off this fiscal, and thousands lost their livelihood at the dealerships side where hundreds of them have been shuttered. The Automotive Component Manufacturers Association had last month warned that of 1 million potential job losses and called upon the government to do something urgent to arrest the deepening slowdown. The sector employs over 35 million, directly and indirectly and accounts for nearly half of the country's manufacturing output. The auto sector has been on a downhill since the past 18 months or so .

Auto sector workers seek govt intervention to prevent job losses

Employees cited that till now job losses have mainly occurred on the part manufacturers' side, however, if the current market conditions prevail then downsizing might become a reality even in the OEMs

EAC-PM sets up task force on employment; to submit suggestions to Modi soon

The first priority of the task force will be to draft a note suggesting ways to revive growth and employment, said officials aware of the task force's work

Govt's silence dangerous: Priyanka on reports of threat to 1 mn auto jobs

Priyanka Gandhi tagged the media report on Twitter which said auto parts industry is fearing that 1 million jobs could be at stake due to the slowdown

Shekhar Gupta: Cities of misery

India's big cities are rotting, growing into massive, self-governing slums. When attempts are made to fix them, coral comes in the way, like in Mumbai

Best of BS Opinion: India's governance deficit, from cities to companies

From bank nationalisation to Karnataka drama, here are the best of Business Standard Opinions for the day

American experience suggests that an educated workforce may be overrated

This isn't to belittle the value of higher education; a tight labour market won't reduce the need for degrees for engineers or lawyers

Highest urban unemployment, but more formal jobs in the last 13 yrs: Report

Jobs for those with social security benefits, the most important measurement of such employment, rose during the last 13 years

Centre, states should reform labour laws for investments, jobs: SBI report

SBI in its research report 'Ecowrap' said investors look for stability and sustainability. Land and labour resources are critical for them to firm up their investment plans, it added

Job market gloom continues: Only 13% firms plan to hire in Q2, shows survey

Globally, employers expect workforce gains in 43 of 44 countries and territories surveyed in the period up to the end of September

Urban unemployment rate at 9.7% in Q3CY18, reveals NSSO report

60% of the urban population was employed in the services sector during 2018

Job crisis for real as unemployment hits 6.1%, highest in 45 years

Business Standard was the first to report in January that the unemployment rate had risen to a 45-year-high, quoting NSSO's periodic labour force survey.

Unemployment rate at 6.1% in 2017-18, highest in 45 years: Govt data

The data released by the labour ministry on a day when Modi 2.0 Cabinet took charge, showed 7.8 per cent of all employable urban youth being jobless

Punjab job crisis: Note ban haunts as labour pleads for work at 1/3rd wages

Most end up agreeing to wages as low as Rs 150-Rs 200 while the official minimum wage is Rs 311.12 for an unskilled labourer and Rs 375.62 for a skilled labourer

When finding a job became a nightmare in Bengaluru after note ban, GST

At the Kurubarahalli labour hub, most workers echoed support for the Congress, believing that the job situation would improve if the party is voted to power in the ongoing 2019 general elections

Economic Affairs secretary S C Garg defends data revisions amid row

'The results are there for everyone to see,' Garg said

A silent political killer

Unemployment can become big and yet remain undetected. Its impact can be a critical vote swing

Joblessness among educated, skilled rose sharply, shows NSSO survey

The NSSO survey defines a person to be educated if he/she has completed school studies till at least the secondary level (class 9th-10th)

Finland's universal basic income test: More happiness, but few jobs created

An experiment with a state-sponsored basic income didn't encourage the unemployed to look for work. But it did increase their sense of well-being