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
Jul 04, 2022 08:06 AM ISTThe 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.
Jul 03, 2022 06:49 PM IST The Delhi University’s Executive Council in February approved UGCF-2022 formulated in accordance with the National Education Policy.
Jul 03, 2022 10:13 AM IST Many Tesla employees have shared their termination stories online, seeking to connect with potential employers.
Jul 01, 2022 05:17 PM IST Companies pushed hard to attend to workers’ needs during the pandemic. But have they encroached too far into our personal lives?
Jul 01, 2022 01:34 PM IST George Koreniuk, an economics undergraduate at the University of Cambridge, wants to obtain work experience as soon as he can.
Jun 29, 2022 06:33 AM IST 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.
Jun 28, 2022 05:38 PM IST He said that his focus will be on presenting a youth-centric budget next year based on suggestions given by the young people.
Jun 24, 2022 03:10 PM IST 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.
Jun 23, 2022 05:12 PM IST 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.
Jun 23, 2022 07:36 AM IST 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.
Jun 21, 2022 07:33 PM IST 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.
Jun 21, 2022 01:43 PM IST Sekhar Garisa expects startup layoffs to continue but is positive on hiring across sectors, with a robust outlook on the IT sector
Jun 21, 2022 10:22 AM IST 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.
Jun 21, 2022 09:29 AM IST The quality of urban jobs was worse in January-March 2022 than January-March 2019
Jun 20, 2022 06:59 PM IST 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.
Jun 20, 2022 01:47 PM IST 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.
Jun 19, 2022 09:24 PM IST 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.
Jun 18, 2022 05:08 PM IST 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."
Jun 16, 2022 02:44 PM IST 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.
Jun 15, 2022 06:51 AM IST 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.
Jun 15, 2022 06:49 AM IST 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.
Jun 14, 2022 07:12 PM IST 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.
Jun 14, 2022 01:05 PM IST Varun Gandhi said more fast-paced initiatives will have to be taken to fulfill the pledge of giving employment to two crore persons.
Jun 14, 2022 09:56 AM IST The ongoing crypto downturn, macroeconomic and geopolitical factors have seen a slew of crypto companies reducing headcount to extend their runways.
Jun 11, 2022 07:44 PM IST FarEye said softness in market conditions and restructuring of the team led to the reduction in team size.
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