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Jobs, an informal reference to the employment or occupation of individuals, is a key metric to assess the health of an economy. The demand for jobs cuts across both rural and urban regions. In the latter, the jobs that are in demand are a mix of white and blue-collar jobs, whereas, the countryside offers jobs that are mostly related to farm labour. The demand for jobs also reflects the prevalent rate of unemployment in a country. A high unemployment rate reflects an increased demand for jobs. According to the Centre for Monitoring Indian Economy (CMIE), the unemployment rate dropped to 6.57 percent in January 2022. This was the lowest since March 2021. The highest unemployment rate was recorded in Haryana, at 23.4 percent, as per the CMIE data for January, followed by 18.9 percent in Rajasthan. The lowest for the month was recorded in Telangana, at 0.7 percent. The lack of jobs, however, is not entirely encapsulated by the prevalent unemployment rate. The issue of underemployment also exists in an array of economies, where the highly educated individuals fail to secure jobs as per their calibre. By lack of jobs, the youth also refer to the lack of employment opportunities as per their calibre or in accordance to their wage expectations. More

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  • Over 10 lakh got jobs in 2 years through Delhi govt's Rojgar Bazaar portal: Manish Sisodia Jul 04, 2022 08:06 AM IST

    Over 10 lakh got jobs in 2 years through Delhi govt's Rojgar Bazaar portal: Manish Sisodia

    The portal has come as a huge relief for the people of Delhi in the aftermath of the pandemic and the subsequent loss of livelihood, he said in a statement. The Rojgar Bazaar portal was launched by the Delhi government on July 27, 2020 to help entry-level and blue-collar job seekers connect with employers.

  • Delhi University's English teachers fear job loss under new curriculum Jul 03, 2022 06:49 PM IST

    Delhi University's English teachers fear job loss under new curriculum

    The Delhi University’s Executive Council in February approved UGCF-2022 formulated in accordance with the National Education Policy.

  • Tesla employee says sacked from dream job after just 2 months: ‘Sat in shock, cried’ Jul 03, 2022 10:13 AM IST

    Tesla employee says sacked from dream job after just 2 months: ‘Sat in shock, cried’

    Many Tesla employees have shared their termination stories online, seeking to connect with potential employers.

  • Have we had enough of the nanny employer? Jul 01, 2022 05:17 PM IST

    Have we had enough of the nanny employer?

    Companies pushed hard to attend to workers’ needs during the pandemic. But have they encroached too far into our personal lives?

  • This student stands outside offices with QR code leading to his resume Jul 01, 2022 01:34 PM IST

    This student stands outside offices with QR code leading to his resume

    George Koreniuk, an economics undergraduate at the University of Cambridge, wants to obtain work experience as soon as he can.

  • Novartis to cut up to 8,000 jobs globally Jun 29, 2022 06:33 AM IST

    Novartis to cut up to 8,000 jobs globally

    The job cuts, previously projected by Chief Executive Vas Narasimhan to be in the "single digit thousands", are part of a restructuring programme the Swiss pharmaceutical group announced in April, targeting savings of at least $1 billion by 2024.

  • Reserving jobs for locals against SC: Ashok Gehlot Jun 28, 2022 05:38 PM IST

    Reserving jobs for locals against SC: Ashok Gehlot

    He said that his focus will be on presenting a youth-centric budget next year based on suggestions given by the young people.

  • Delhi Sports University will award degrees to help sportspersons get jobs: Arvind Kejriwal Jun 24, 2022 03:10 PM IST

    Delhi Sports University will award degrees to help sportspersons get jobs: Arvind Kejriwal

    Arvind Kejriwal said the Delhi government has eliminated three difficulties faced by sportspersons lack of facilities, lack of monetary support and political intervention in selection processes.

  • Amid startup layoffs, larger job market remains buoyant across sectors Jun 23, 2022 05:12 PM IST

    Amid startup layoffs, larger job market remains buoyant across sectors

    While thousands of startup employees have lost jobs, the number is small if one looks at the larger employment market canvas, experts said. While IT and ITes sector will continue its run, e-commerce and logistics as well as export oriented sectors including textiles, leather goods are doing well. Consumer goods sector will increasingly hire more as well as the retail and hospitality sectors.

  • JPMorgan starts cutting jobs in mortgage unit as homebuying demand cools Jun 23, 2022 07:36 AM IST

    JPMorgan starts cutting jobs in mortgage unit as homebuying demand cools

    More than 1,000 employees will be affected and about half of them will be moved to different divisions within the bank, according to Bloomberg News, which first reported the layoffs.

  • Corporate governance in focus now; startups can create 100 million jobs: Sequoia MD Rajan Anandan Jun 21, 2022 07:33 PM IST

    Corporate governance in focus now; startups can create 100 million jobs: Sequoia MD Rajan Anandan

    Following reports of financial irregularities in several new-age businesses, a top executive at venture capital company Sequoia Capital said on Tuesday that corporate governance in Indian startups must be prioritised if they are to become world-class businesses.

  • Startup layoffs unlikely to spread to other sectors, says Monster India CEO Garisa Jun 21, 2022 01:43 PM IST

    Startup layoffs unlikely to spread to other sectors, says Monster India CEO Garisa

    Sekhar Garisa expects startup layoffs to continue but is positive on hiring across sectors, with a robust outlook on the IT sector

  • Will guarantee jobs to 'Agniveers' from Haryana post 4-year stint: Manohar Lal Khattar Jun 21, 2022 10:22 AM IST

    Will guarantee jobs to 'Agniveers' from Haryana post 4-year stint: Manohar Lal Khattar

    Manohar Lal Khattar statement comes even as the state, like several other parts of the country, is witnessing massive protests over the Centre's Agnipath scheme to recruit soldiers into the army, navy and the air force followed by compulsory retirement for most without gratuity and pension benefits.

  • Urban unemployment is lower than pre-COVID times, but there’s a catch Jun 21, 2022 09:29 AM IST

    Urban unemployment is lower than pre-COVID times, but there’s a catch

    The quality of urban jobs was worse in January-March 2022 than January-March 2019

  • EPFO Payroll: April records 9.23 lakh fresh additions to formal work Jun 20, 2022 06:59 PM IST

    EPFO Payroll: April records 9.23 lakh fresh additions to formal work

    The new payroll additions recorded in April, the first month of FY23, is almost 45,000 less than the new additions in March, when the pension fund had added 968,163 new subscribers. But net payroll additions have gone up.

  • BJP trying to create armed cadre base through 'Agnipath' scheme: Mamata Banerjee Jun 20, 2022 01:47 PM IST

    BJP trying to create armed cadre base through 'Agnipath' scheme: Mamata Banerjee

    Terming the scheme as an insult to the armed forces, Banerjee also wondered whether the BJP plans to hire Agniveer’ soldiers as ”watchmen” at its party offices, after their four-year service period.

  • Middle East-focused crypto firm BitOasis cuts jobs amid sector turmoil Jun 19, 2022 09:24 PM IST

    Middle East-focused crypto firm BitOasis cuts jobs amid sector turmoil

    The cryptocurrency market has been rocked by extreme volatility with crypto lender Celsius Network freezing withdrawals early last week as investors dumped risky assets on fears about aggressive Federal Reserve rate hikes to cool red hot inflation.

  • PSUs under housing, petroleum ministries looking at ways to hire 'Agniveers': Hardeep Puri Jun 18, 2022 05:08 PM IST

    PSUs under housing, petroleum ministries looking at ways to hire 'Agniveers': Hardeep Puri

    HS Puri defended the Agnipath scheme, saying: "This is a great scheme. I can say this on record that many PSUs under my ministries are already working on (hiring) trained manpower (Agniveers)… their skills can be utilised in PSUs."

  • Laid-off Tesla employees share their stories: Relocated only for work Jun 16, 2022 02:44 PM IST

    Laid-off Tesla employees share their stories: Relocated only for work

    Tesla boss Elon Musk had said earlier in June that because of a "super bad feeling about the economy”, he would let 10 percent of the carmaker's staff go.

  • Coinbase slashes 1,100 jobs as crypto winter sets in Jun 15, 2022 06:51 AM IST

    Coinbase slashes 1,100 jobs as crypto winter sets in

    The cryptocurrency market has been roiled by extreme volatility as investors dumped risky assets on fears that higher inflation readings would force the U.S. Federal Reserve to turn more aggressive in raising interest rates and tip the economy into a recession.

  • Warner Bros Discovery to cut nearly 1,000 ad sales jobs: Source Jun 15, 2022 06:49 AM IST

    Warner Bros Discovery to cut nearly 1,000 ad sales jobs: Source

    The company on Tuesday started offering members of its U.S. advertising sales team an opportunity to voluntarily leave the company, the source said, adding that the global advertising sales team has about 3,000 members.

  • Despite pandemic and lockdown, India's unemployment rate fell to 4.2% in 2020-21 Jun 14, 2022 07:12 PM IST

    Despite pandemic and lockdown, India's unemployment rate fell to 4.2% in 2020-21

    As per the government's Periodic Labour Force Survey, the unemployment rate dropped in the 12 months ending June 2021 even as the labor force participation rate increased.

  • Varun Gandhi thanks PM Modi on recruitment drive, says meaningful efforts needed to fill 1 crore posts Jun 14, 2022 01:05 PM IST

    Varun Gandhi thanks PM Modi on recruitment drive, says meaningful efforts needed to fill 1 crore posts

    Varun Gandhi said more fast-paced initiatives will have to be taken to fulfill the pledge of giving employment to two crore persons.

  • Amid market rout, Crypto.com, BlockFi lay off staff Jun 14, 2022 09:56 AM IST

    Amid market rout, Crypto.com, BlockFi lay off staff

    The ongoing crypto downturn, macroeconomic and geopolitical factors have seen a slew of crypto companies reducing headcount to extend their runways.

  • FarEye lays off 250 employees at time of appraisal Jun 11, 2022 07:44 PM IST

    FarEye lays off 250 employees at time of appraisal

    FarEye said softness in market conditions and restructuring of the team led to the reduction in team size.

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