Page 3 - Unemployment

Skilled and unemployed: The world is staring at a huge structural problem

While the world can do something about the other big problem of global warming, there's nothing it can do about structural unemployment

Congress failed to keep up job promise in 2003, says Anurag Thakur

'Congress had promised an umeployment allowance for the jobless ahead of the 2012 state elections but failed to deliver on it as well'

Growing unemployment: Battle of two parallel realities

The duality between the ground reality of tangible unemployment and the perception created by events like "rozgar melas" will likely continue till the next general election

India jobless rate rises in Oct led by sharp rise in rural unemployment

Rural unemployment rate climbed to 8.04% from 5.84% in September, while urban jobless rate was at 7.21% compared to 7.7% a month before

Legacy of Modi govt after 8 years, no jobs: Chidambaram attacks Centre

Senior Congress leader P Chidambaram on Saturday attacked the Centre over the issue of unemployment, alleging that the legacy of the Modi government after eight years is "no jobs". The Congress has been attacking the government over alleged lack of jobs for the youth and rising unemployment. "After 37 lakhs in Uttar Pradesh applying for Grade 'C' jobs, we have 35 lakh applicants for 40,000 Agniveer jobs. Is the government listening to the anguished voices of the young men: 'we are desperate, we have no choice'," Chidambaram said in a tweet. "That is the legacy of the Modi government after 8 years: NO JOBS," the former finance minister asserted. The unemployment rate is eight per cent, which is understated because of massive disguised employment, he added. "The September Monthly Review of the Ministry of Finance does not utter a word on unemployment!" Chidambaram said. The senior Congress leader has been alleging that the government's policies have resulted in worsening the econom

China's economic data shows mixed recovery as unemployment ticks up

Gross domestic product grew 3.9% in the July-to-September period from a year ago, rebounding from almost stagnant growth in the second quarter when Shanghai was still in lockdown

PM organises these publicity stunts to cover up failures: Derek O'Brien

TMC leader Derek O'Brien described the "Rozgar Mela" launched by Prime Minister Narendra Modi on Saturday as a publicity stunt and accused the government of having failed to deliver on its promises of providing employment. "Jumla Raja Prime Minister Modi had promised 16 crore jobs to the youth and failed to deliver. Data given by the Modi government inside Parliament shows that 22 crore people applied for government jobs since 2014, and only seven lakh got jobs," O'Brien, the leader of the TMC in Rajya Sabha, said in a statement. Modi launched the "Rozgar Mela" on Saturday to recruit 10 lakh people and underscored his government's efforts to create jobs in the last eight years amid the opposition's constant criticism of it on the issue of unemployment. As part of the recruitment drive, more than 50 Union ministers handed over appointment letters to thousands of youngsters at different locations across the country. The TMC MP said, "While there has been a 45 per cent decrease in ...

Inflation, unemployment key issues for people in Himachal, says Congress

The Congress has accused the BJP of "double standards" on the issue of dynastic politics in Himachal and said sons of some BJP leaders have been given tickets for the assembly polls in the state

When data faces reality

The employment reality is grimmer than what the household survey data tell us. This is true for Chhattisgarh as much as it is for Uttar Pradesh. And, also for other states

PM Modi will have to answer questions on inflation, unemployment: Rahul

Former Congress president Rahul Gandhi on Friday sought to know from Prime Minister Narendra Modi why inflation and unemployment were at a high and said the government will have to answer these questions. "Why is inflation at a 35-year HIGH? Why is unemployment at a 45-year HIGH? Why are 'Parathas' being taxed at 18% GST? Why are farm tractors being taxed at 12% GST? "Bharat Jodo Yatra will keep asking you these questions and more, Prime Minister. You will have to answer," Gandhi said on Twitter. The Congress leader is currently in Karnataka as part of the Bharat Jodo Yatra being taken out from Kanyakumari to Kashmir to highlight issues such as corruption, price rise, and unemployment.

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

UP govt has no plans to give unemployment allowance: Labour minister

The Uttar Pradesh government has no plans to give unemployment allowance in the state, Labour and Employment Minister said here on Friday. Anil Rajbhar was replying to a question raised by Bahujan Samaj Party (BSP) leader Umashankar Singh in the legislative assembly. Singh asked about the number of unemployed youths presently registered in the state who have been given employment and whether the government will consider giving unemployment allowance to the remaining unemployed youths. In his response, the labour and employment minister said there is a system of registration of candidates interested in employment on the employment department portal on which a total of 25,39,619 candidates have registered themselves from March 19, 2017 to September 12, 2022. A total of 6,68,269 candidates have been selected for employment by the Employment Department through employment fairs in the private sector, Rajbhar added. Singh supplemented the question of whether the government would give ..

Canada's unemployment rate rise to 5.4% in Aug for first time in 7 months

Canada's unemployment rate rose to 5.4 per cent in August for the first time in seven months, Statistics Canada has said.

Households hesitant to spend

Rural India's steep fall in willingness to spend on consumer durables and urban India's scepticism regarding their future well-being is worrisome

Unemployment rate drops for fourth straight quarter, lowest in 4 yrs: PLFS

This is the lowest unemployment rate recorded in the last 4 years, from the time NSO launched India's first computer-based survey in April 2017

Unemployment rate dips to 7.6% in April-June 2022, says NSO survey

The unemployment rate for persons aged 15 years and above in urban areas dipped to 7.6 per cent during April-June 2022 from 12.6 per cent a year ago, the National Statistical Office (NSO) said on Wednesday. Joblessness or unemployment rate is defined as the percentage of unemployed persons among the labour force. Joblessness was high in April-June 2021 mainly due to the staggering impact of Covid-related restrictions in the country. The latest data based on a periodic labour force survey, underlining a decline in unemployment rate amid improved labour force participation ratio, point towards a sustained economic recovery from the shadow of the pandemic. The unemployment rate for persons aged 15 years and above in January-March 2022 was 8.2 per cent in urban areas, the 15th Periodic Labour Force Survey (PLFS) showed. It also showed that the unemployment rate among females (aged 15 years and above) in urban areas declined to 9.5 per cent in April-June, 2022 from 14.3 per cent a year

Promises of 'Raja' false, speeches hollow: Rahul Gandhi in attack on PM

Congress leader Rahul Gandhi on Friday attacked Prime Minister Narendra Modi over the issue of unemployment, saying the promises of "Raja (king)" are false and speeches hollow. Gandhi shared a chart on Twitter showing the number of jobs lost in public sector undertakings like Coal India and LIC between 2020 to 2022. "The dreams of the youth are true, but the promises of the 'Raja' are false, and the speeches are hollow. If one had worked with integrity and honesty, how could employment have decreased instead of increasing?" he said in a tweet in Hindi. Gandhi has been using "Raja" barb to attack Modi. In a Facebook Post in Hindi, Gandhi alleged that with elections over in Uttar Pradesh, "free ration is over". "Now Antyodaya and eligible Grihasthi card holders will not get free ration in Uttar Pradesh. Now the poor will get wheat at Rs 2 per kg and rice at Rs 3 per kg from the government ration shops," Gandhi said. "The middle class people struggling with inflation are somehow liv

Better.com fired around 250 employees in fourth round of layoff: Report

In a report published on TechCrunch, Better.com's list containing the names of the people who will be laid off from the company on Friday, was leaked internally on August 23, 2022

10 mn apprenticeships in 10 yrs: What India needs to solve its unemployment

TeamLease and JustJobs Network report notes that instead of around 125,000 apprentices, CPSUs have only 41,250 on board

Chinese banks inflating loan numbers amid struggle to meet govt demands

Some state-owned Chinese banks are extending loans to companies and then allowing them to deposit funds at the same interest rate