UNEMPLOYMENT DEFINITION
How to read the Fed's projections like a pro
The Federal Reserve is set to announce an interest rate decision and new economic projections. Policymakers have maintained rates between 5.25% and 5.5% since July 2023, but cuts are expected. Investors will closely watch the Fed's forecasts for insights into future policy changes.
Finance Bill should be renamed as 'tax trap bill': Opposition slams govt
Opposition leaders accused the government of creating a Finance Bill that favors corporates at the expense of ordinary citizens. They raised issues about the lack of support for the unorganized sector, rising unemployment, and high GST on life and health insurance. Calls for better budget allocation and special economic packages were also made.
Phew! The alarm bells for potential US recession may not be as dangerous for Indians
Global markets are experiencing turmoil as August begins, with concerns mounting over the potential for a United States cyclical recession. Goldman Sachs has increased the probability of a US recession within the next year to 25 percent from 15 percent, but there are still reasons to be optimistic according to experts.
U.S heading for a recession? Here are all the key indicators that point towards it
Despite a 2.5% U.S. GDP growth, concerns about global economic impacts from China's slowdown have been rising for weeks.
Who is unemployed in India? Understanding the state of jobs
Recent reports from the RBI¡¯s KLEMS database reveal that India added 4.7 crore new jobs in the fiscal year 2023-24, translating to 38 lakh jobs per month. This is the highest annual job creation in over four decades. However, this data is provisional and lacks a detailed sector-wise breakdown, which raises questions about its accuracy.
Stop diverting attention, create opportunities for youth: Priyanka Gandhi to PM Modi
In a post in Hindi on X, Priyanka Gandhi said, "A few days ago, the prime minister was saying in Mumbai that we have broken records by providing employment to so many crores of people. Today, a video of a huge crowd of unemployed people who had come to the same Mumbai for a few vacancies is going viral. Before this, 15 lakh unemployed people had come to a hotel in Gujarat for 25 vacancies and a stampede-like situation had developed."
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India created over 80 million jobs from FY¡¯18 to FY¡¯22, says ministry of labour and employment
Quoting the data from the Periodic Labour Force Survey and the KLEMS data of the Reserve Bank of India, the ministry said on Monday that this translated to an average of over 20 million jobs or employment per year and demonstrates the effectiveness of various government initiatives aimed at boosting employment across sectors.
Rise in UK jobless rate muddies Rishi Sunak's message to voters
In April, Britain's labour market showed signs of cooling as the unemployment rate rose to 4.4%, the highest since September 2021. Despite robust wage growth, the number of employed people fell by 207,000. Prime Minister Sunak faces challenges ahead of the July 4 election. Inactivity rates and long-term sickness are rising, prompting potential reforms. Wage growth remains strong, but the economy faces uncertainties.
Kharge accuses BJP, PM Modi of "divisive" LS campaign, says INDIA alliance will form government
Accusing the BJP of making efforts to mislead the people on religious and divisive issues in the Lok Sabha election campaign, Congress president Mallikarjun Kharge said on Thursday that Prime Minister Narendra Modi in his speeches over the past 15 days "did not speak a word" on unemployment and price rise even as he mentioned "Modi" 758 times, Congress 232 times and referred to INDIA alliance 573 times
World unemployment to fall slightly in 2024: UN
The International Labour Organization (ILO) predicts a slight decrease in global unemployment in 2024, contrary to its earlier forecast of a rise, citing "slow progress" in addressing inequalities. Despite improvements, disparities persist, with women in low-income countries disproportionately affected. The ILO calls for inclusive policies to ensure a fair recovery.
Delhi CM Kejriwal and his family cast their vote, appeals for vote against dictatorial thinking
Arvind Kejriwal was seen helping his ailing father to the polling station. Earlier, AAP leaders like Atishi, Saurabh Bharadwaj, and Kailash Gehlot also cast their votes. After casting his vote, the Delhi CM said he had voted to end unemployment and inflation.
Lok Sabha Elections: Will definitely win from Gurdaspur seat, says Congress candidate Sukhjinder Randhawa
Congress's Lok Sabha candidate Sukhjinder Singh Randhawa said he is confident of victory in Gurdaspur, citing issues like cross-border drug and weapon smuggling, unemployment, and deteriorating law and order under the Bhagwant Mann government. The seat, currently held by BJP's Sunny Deol, is crucial for Congress to regain its stronghold.
Why Fed rate cuts must come sooner rather than later
Federal Reserve Chair Jerome Powell should be more worried about tipping the economy into a recession by not lowering rates than he might be with squeezing out the so-called ¡°last mile¡± of inflation by keeping borrowing costs higher for longer than needed. The reason why is the labor market looks to be deteriorating in ways that are little appreciated.
Unemployment, rising prices behind Parliament security breach: Rahul Gandhi
Congress leader Rahul Gandhi linked the December 13 Parliament security breach to rising prices and unemployment, asserting that the breach occurred due to the discontent stemming from Prime Minister Narendra Modi's policies. Speaking after a poll preparedness meeting in New Delhi, Gandhi highlighted the widespread issue of unemployment as the primary cause and urged the government to address the concerns.
India's growing 'Modi-made' economic crisis continues to spiral out of control: Congress on 'rising' unemployment rate
Congress accuses PM Modi of leaving a legacy of record unemployment as India's jobless rate reaches a two-year high. The party cites data from CMIE and highlights growing economic distress. Unemployment challenges educated youth, raising concerns.
Career gap? Here's how you can explain it
Explaining a career gap during an interview can be daunting, but job seekers should focus on constructing an acceptable narrative and emphasising their skillset and ability to serve as an asset to the organization. Employers are well-versed with such situations, and as long as the explanation is honest and backed with a strong reason, a career gap won't deter a candidate from rejoining the workforce.
Poll guarantees in Karnataka can be template for Congress in other states: Shivakumar
Karnataka Deputy Chief Minister D K Shivakumar says the Congress' poll promise of five guarantees was a "very tough call" and feels it can be a template for the party in other states depending upon their respective financial strength. He further said economic issues, unemployment and poverty are the core matters, not the ideological ones, as "they don't fill the stomach."
ETMarkets Smart Talk: Policy reforms and infra spending will pick up if Modi govt is back to power in 2024: Rajesh Kumar Jain
The US & Europe which is 42% of the Global GDP and if they would go through a recession in this year as projected by most of analysts, then somewhere the growth across the globe will take a back seat.
We may definitely reach the 2% US CPI target by year end: Nadia Elbilassy
I think by the end of the year we could definitely reach the 2% target. But I do believe that there will be more rate hikes required. I mean, it is possible for the Fed to pause on that cycle.
Morgan Stanley¡¯s Seth Carpenter makes the case for soft landing; says full-blown recession can be avoided
A hard landing in the US has become the base case for many economists, particularly after the recent banking-sector turmoil. However, Morgan Stanley¡¯s global chief economist, Seth Carpenter, believes there are still signs a soft landing can be achieved. Carpenter says that whilst it is hard to avoid the fact that the US economy will slow down, the Federal Reserve has a chance to avoid a recession by assessing whether there is enough evidence that things are slowing down a lot, but not yet crashing.
US unemployment claims tick up to 245,000, but still low
U.S. jobless claims rose by 5,000 to 245,000, the Labor Department reported Thursday. The four-week moving average of claims, which evens out week-to-week ups and downs, fell by 500 to 239,750. At the start of the year, weekly claims were running around 200,000 and they have gradually moved higher.
How will we know if the US economy is in a recession?
For now, the economy expanded at a 2.9% annual rate in the fourth quarter, though some of the underlying figures weren't as healthy. Consumer spending, for example, grew at a slower pace than in the previous quarter, and business investment was weak. Last quarter's growth was fueled by factors that won't likely last. These include companies' restocking of inventories and a drop in imports, which meant that more spending went to U.S.-made goods.
Govt cautions on companies' jobs surveys
The govt said many private companies or organisations conduct employment surveys based on their own methodologies that are generally neither scientific nor based on internationally accepted norms.
Dollar solidly bid on Fed view, economic resilience; yen eyes weekly gain
The number of Americans filing new claims for unemployment benefits increased less than expected last week, pointing to a still-tight labour market, data released on Thursday showed.
Definitely a contest in Himachal Pradesh, but BJP will retain power: Former CM Shanta Kumar
"There is definitely a contest this time. But Congress is mainly banking on this being their turn to win. More importantly, (former Congress CM) Virbhadra Singh is not around and there is no consensus on any other name. Congress is leaderless. BJP is riding a wave in the country; Congress is on the wane," said former Chief Minister and BJP leader Shanta Kumar.
With recession anxiety growing, hiring may be cooling off
Yet cracks have begun to appear in one of the nation's pillars of economic strength. Job openings are down, and the number of Americans signing up for unemployment benefits is up.
US economy sending mixed signals: Here's what it all means
Today's economic moment conjures dark memories of the 1970s, when scorching inflation co-existed, in a kind of toxic brew, with slow growth. It hatched an ugly new term: stagflation.
Unparliamentary words list 'indicative than definitive'; implementation key: Congress leader Shashi Tharoor
Rajya Sabha secretariat said demonstrations, dharnas or religious ceremonies cannot be held in the precincts of Parliament House. The circular drew ire from the Opposition, even as Lok Sabha Speaker Om Birla insisted that such notices had been issued for years.
Higher unemployment may give space to politicians catering to divisions: Raghuram Rajan
Former Reserve Bank of India Governor Raghuram Rajan ?has said that if unemployment rates in India remain high, it may lead to 'entrepreneurial' politicians who cater to religious divisions, rather than focusing on actually enhancing jobs. In an interview with ProMarket, Rajan said the higher unemployment rate in the country is a real danger.
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