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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
Jan 27, 2023 11:39 AM ISTTech companies hiring aggressively only to find themselves bloated and facing skills mismatches isn’t anything new. But go about layoffs compassionately
Jan 26, 2023 12:32 PM IST With the planned job cuts, SAP joins other big tech companies including Microsoft and Amazon in turning to layoffs to cut costs.
Jan 26, 2023 10:22 AM IST In the last year, more than 70,000 people globally have been laid off by Big Tech companies and that doesn't count the downstream effect of contractors (and other organisations) losing business as budgets tighten.
Jan 26, 2023 06:12 AM IST The layoffs which are related to the spinoff of its Kyndryl business and a part of AI unit Watson Health, will cause a $300 million charge in the January-March period, IBM said.
Jan 25, 2023 02:30 PM IST In its second edition of India Union Budget survey, Kantar found that consumers expect an announcement in policy changes with respect to income tax, with increasing basic income tax exemption limit from current Rs 2.5 lakh being the most common expectation.
Jan 23, 2023 12:25 PM IST A look at some of the fastest growing job in India, from healthcare to talent acquisition.
Jan 23, 2023 09:00 AM IST The number of positions to be eliminated wasn’t specified by the people. Spotify laid off 38 staff from its Gimlet Media and Parcast podcast studios in October. The music streaming giant has about 9,800 employees, according to its third-quarter earnings report.
Jan 20, 2023 11:46 PM IST In the termination letter that was sent by Wipro to the affected employees, the company said the freshers were supposed to cough up the Rs 75,000 that the company spent on their training programme, but the amount has been waived off.
Jan 20, 2023 01:20 PM IST Under the Rozgar Melas, launched in October 2022, 10 lakh people will be given government jobs
Jan 20, 2023 11:37 AM IST Reminding the prime minister of his promise of giving two crore jobs every year, Congress president Mallikarjun Kharge said 30 lakh posts in government departments are still lying vacant.
Jan 20, 2023 07:07 AM IST Wayfair joins a growing list of U.S. companies - ranging from tech giants and Wall Street banks to food delivery firms - which are shedding their workforce amid worries of an economic downturn.
Jan 19, 2023 03:31 PM IST Philip Su also has years of experience working with Facebook and Microsoft. Why did he take up a warehouse job?
Jan 19, 2023 10:22 AM IST The streaming giant is looking for a Primary Flight Attendant based in California. Here are the conditions.
Jan 19, 2023 06:22 AM IST Each of America's five largest tech companies, though, are expected to report a fall in profits for the October-December period, as they try to recalibrate in a high-interest environment.
Jan 18, 2023 10:05 PM IST In a note to employees, Chief Executive Satya Nadella said the layoffs, affecting less than 5% of the workforce, would conclude by the end of March, with notifications beginning from today.
Jan 18, 2023 04:20 PM IST Union Budget can focus on sops for sectors like tourism and logistics which have major employment generation potential especially in the wake of challenges they faced during pandemic.
Jan 16, 2023 02:16 PM IST At the same time, the number of unemployed people in the world is expected to rise by 3 million to 208 million in 2023, while inflation will eat into real wages, the ILO said in a report on global trends.
Jan 14, 2023 09:46 AM IST Asked about the protests, Maharashtra Deputy Chief Minister Devendra Fadnavis said the new pattern was recommended by the Dalvi Committee formed by the previous government.
Jan 13, 2023 12:18 PM IST The Singapore-based company's announcement comes amid concerns about reserves and solvency across the sector, and only a few days after rival exchanges Coinbase Global Inc and Huobi announced their plans to lay off about 20% of their staff.
Jan 10, 2023 12:25 PM IST The number of active jobs has decreased by 41 percent year on year. According to Xpheno data, the sector's contribution was less than 30 percent for 21 months.
Jan 09, 2023 04:14 PM IST A leader offers insights into his management style that helped his team buck the great resignation trend.
Jan 09, 2023 06:15 AM IST The firm is expected to start the process mid-week and the total number of people affected will not exceed 3,200, according to a person with knowledge of the matter. More than a third of those will likely be from within its core trading and banking units, indicating the broad nature of the cuts.
Jan 07, 2023 09:12 AM IST The Federal Reserve’s moves to cool the economy with higher interest rates seem to be taking gentle hold. Wage growth lost momentum.
Jan 05, 2023 09:51 PM IST The conference is broadly based on two themes -- economy and jobs and inclusive human development.
Jan 05, 2023 06:17 PM IST According to the latest job cuts report from employment firm Challenger, Gray & Christmas, Inc, released on Thursday, U.S.-based employers said they were cutting 43,651 jobs in the final month of 2022, down 43% from the number of cuts announced in November.
