[

unemployment rate

]
(Bloomberg)

Himachal to go Haryana way on job quota for local youngsters

Hindustan Times/Shimla | By Gaurav Bisht and Naresh K Thakur
UPDATED ON NOV 10, 2020 05:47 PM IST
A poll promise, BJP mulls 70% quota in jobs for natives in hill state that has an unemployment rate of 13.5%.
Economic activity has resumed after the government eased pandemic lockdown restrictions.(Sanchit Khanna/HT PHOTO)
Economic activity has resumed after the government eased pandemic lockdown restrictions.(Sanchit Khanna/HT PHOTO)

India’s October jobless rate rises to 6.98%: Private think-tank CMIE

New Delhi | By Reuters| Posted by Susmita Pakrasi
PUBLISHED ON NOV 02, 2020 09:46 AM IST
The novel coronavirus has infected nearly 8.2 million people in the world’s second-most populous nation, hitting large parts of the economy.
A man sits outside a closed store in Mumbai.(Bloomberg File Photo)
A man sits outside a closed store in Mumbai.(Bloomberg File Photo)

Steady dip in urban unemployment rate before lockdown, finds survey

Hindustan Times, New Delhi | By Abhishek Jha, New Delhi
UPDATED ON OCT 30, 2020 05:09 AM IST
While the decline in the unemployment rate is relatively smaller for young people, their labour force participation rate (LPFR) has grown more than that of the older age groups in the first three quarters of 2019-20 compared to the corresponding periods in 2018-19.
According to the 2018-19 Periodic Labour Force Survey (PLFS), the official source of employment statistics in India, the unemployment rate in Bihar was 10.2% in India.(Reuters)
According to the 2018-19 Periodic Labour Force Survey (PLFS), the official source of employment statistics in India, the unemployment rate in Bihar was 10.2% in India.(Reuters)

Why is everyone promising jobs in Bihar elections?

Hindustan Times, New Delhi | By Abhishek Jha and Roshan Kishore
UPDATED ON OCT 23, 2020 08:16 AM IST
The political polemics notwithstanding, what explains the mad rush for promising jobs in the Bihar elections? An HT analysis shows that unemployment may be a bigger problem in Bihar than in the rest of India.
Bihar, where Assembly polls are due soon, has an unemployment rate of 11.9%.(HT file photo)
Bihar, where Assembly polls are due soon, has an unemployment rate of 11.9%.(HT file photo)

Unemployment rate is still at double digits across 10 states

Livemint, New Delhi | By Prashant K. Nanda
UPDATED ON OCT 20, 2020 03:29 AM IST
Other than Haryana and Rajasthan which have reported 19.7% and 15.3% unemployment rate, joblessness is also high in Delhi (12.5%), Himachal Pradesh (12%), Uttarakhand (22.3%), Tripura (17.4%), Goa (15.4%) and Jammu & Kashmir (16.2%), according to the September monthly data of the Centre for Monitoring Indian Economy.
In September 2018, the unemployment rate was 9.7%.(Reuters)
In September 2018, the unemployment rate was 9.7%.(Reuters)

Unemployment rate improved in July-Sept ’19, shows NSO data

Hindustan Times | By Abhishek Jha
UPDATED ON OCT 20, 2020 02:34 AM IST
The National Statistics Office on Monday released employment indicators for the quarter ending September 2019.This is the fourth such quarterly bulletin based on the new Periodic Labour Force Survey (PLFS) started in 2017-18 and gives estimates only for urban areas.
The number of Americans filing new applications for unemployment benefits has reached 898,000(AFP)
The number of Americans filing new applications for unemployment benefits has reached 898,000(AFP)

US election 2020: Economy, unemployment and the impact on polls

Hindustan Times, New Delhi | By hindustantimes.com| Edited by Mallika Soni
UPDATED ON OCT 19, 2020 09:29 PM IST
The US unemployment rate dropped to 7.9 per cent in early October. According to the country’s Labour Department, employers added just 661,000 jobs in September down from 1.5 million in August and 1.8 million in July.
On the domestic front, India needs to attract global brands which are keen to move out of China altogether(Ajay Aggarwal /HT PHOTO)
On the domestic front, India needs to attract global brands which are keen to move out of China altogether(Ajay Aggarwal /HT PHOTO)

The economy is looking up. Seize the moment | Analysis

By Syed Zafar Islam
UPDATED ON OCT 13, 2020 07:32 PM IST
Whether India will carve out a key role for itself in the new world order or not will depend a lot on how quickly it becomes an economic powerhouse
A promising young actor died. To make it worse, politicians are using this unfortunate incident for petty gains(Hindustan Times)
A promising young actor died. To make it worse, politicians are using this unfortunate incident for petty gains(Hindustan Times)

Indians must now get their priorities right | Opinion

By Shashi Shekhar
UPDATED ON SEP 13, 2020 07:48 PM IST
I still think that deep down, all that is good and noble is still there in this country. And it is regrettable that people are being misled by these despicable charades, manufactured issues and unscrupulous politics
A comparison of current perception on general economic situation in the CCS along with quarterly GDP figures shows that they have pretty much moved in tandem.(Bloomberg)
A comparison of current perception on general economic situation in the CCS along with quarterly GDP figures shows that they have pretty much moved in tandem.(Bloomberg)

Is economy recovering with easing of lockdown or sinking?

Hindustan Times, New Delhi | By Roshan Kishore
UPDATED ON AUG 12, 2020 10:03 AM IST
There is also the question of whether the recovery is merely sequential – current month over previous month – or strong enough to prevent an annual contraction from the second quarter onwards.
The largest employment gains were in leisure and hospitality and retail, the sectors hardest hit by the coronavirus shutdowns, the report said.(Sanchit Khanna/HT PHOTO)
The largest employment gains were in leisure and hospitality and retail, the sectors hardest hit by the coronavirus shutdowns, the report said.(Sanchit Khanna/HT PHOTO)

US adds 1.8 million jobs in July, unemployment rate falls to 10.2%: Govt

Washington | By Agence France-Presse
PUBLISHED ON AUG 07, 2020 06:18 PM IST
The unemployment rate fell to 10.2 percent from 11.1 percent in June, still slightly worse than the depth of the global financial crisis in October 2009.
The total workers continuing to receive benefits fell to 16.1 million(Sanchit Khanna/HT PHOTO)
The total workers continuing to receive benefits fell to 16.1 million(Sanchit Khanna/HT PHOTO)

US jobless claims dip in latest week to 1.19 million: Govt

Washington | By Agence France-Presse| Posted by Susmita Pakrasi
UPDATED ON AUG 06, 2020 06:51 PM IST
However, the four-week average for initial unemployment claims was barely changed at 1.33 million in the week ended August 1, the report said.
With coronavirus cases soaring in March, India went into a stringent lockdown beginning March 25 to curb infections, triggering misery and mass unemployment.(REUTERS)
With coronavirus cases soaring in March, India went into a stringent lockdown beginning March 25 to curb infections, triggering misery and mass unemployment.(REUTERS)

July job loss rate at pre-Covid levels

Livemint | By Prashant K Nanda, New Delhi
PUBLISHED ON AUG 05, 2020 03:12 AM IST
India’s overall unemployment rate fell to 7.43% in July from 10.99% in June, and even lower than the March figure of 8.75%, according to a survey by the Centre for Monitoring Indian Economy (CMIE).
Industrially advanced states such as Gujarat, Maharashtra and Tamil Nadu clocked unemployment rates of 1.9 per cent, 4.4 per cent and 8.1 per cent respectively in July.(Sanchit Khanna/HT PHOTO (Representative Image))
Industrially advanced states such as Gujarat, Maharashtra and Tamil Nadu clocked unemployment rates of 1.9 per cent, 4.4 per cent and 8.1 per cent respectively in July.(Sanchit Khanna/HT PHOTO (Representative Image))

Bengal’s unemployment rate sees marginal spike in July: CMIE

Kolkata | By Press Trust of India| Posted by Susmita Pakrasi
PUBLISHED ON AUG 02, 2020 08:00 PM IST
The Mumbai-based think-tank, which used the monthly time series data, said the unemployment rate in the country has declined to 7.43 per cent in the last month from 10.99 per cent in June as the economic activities have been growing.
Expansion of farming activity and MGNREGS work have helped cut rural job losses.(HT Photo)
Expansion of farming activity and MGNREGS work have helped cut rural job losses.(HT Photo)

Rural job loss rate at 4-month low

Mint, New Delhi | By Prashant K Nanda
UPDATED ON JUL 13, 2020 11:36 PM IST
CMIE data showed urban unemployment continues to remain sticky, though it fell 1.3 percentage points in the week to July 12 over the previous week.
According to data released by the CMIE on Wednesday, the country’s unemployment rate fell to 11 per cent in June from 23.5 per cent in May, as economic activities resumed after the lockdown restrictions were eased.(PTI)
According to data released by the CMIE on Wednesday, the country’s unemployment rate fell to 11 per cent in June from 23.5 per cent in May, as economic activities resumed after the lockdown restrictions were eased.(PTI)

Bengal’s June unemployment rate at 6.5% ‘far better’ than India’s: Mamata Banerjee

Kolkata | By Press Trust of India
UPDATED ON JUL 04, 2020 01:33 PM IST
Mamata Banerjee said this is due to the economic strategy adopted by her government to tackle the Covid-19 crisis and the devastation caused by cyclone Amphan.
Australian PM Scott Morrison(Reuters)
Australian PM Scott Morrison(Reuters)

Job losses from coronavirus pandemic ‘devastating’: Australian PM Morrison

Sydney | By Reuters | Posted by Prashasti Singh
UPDATED ON JUN 18, 2020 08:59 AM IST
Official data out earlier showed nearly a quarter of a million people lost their jobs in Australia in May.
The statement comes amid reports that the US is considering suspension of a number of employment visas including the H-1B - which is much sought-after among Indian IT professionals - in view of the massive unemployment in America due to the Covid-19 pandemic.(Reuters)
The statement comes amid reports that the US is considering suspension of a number of employment visas including the H-1B - which is much sought-after among Indian IT professionals - in view of the massive unemployment in America due to the Covid-19 pandemic.(Reuters)

Exempt tech workers from proposed visa restrictions in US: Nasscom

New Delhi | By Press Trust of India
PUBLISHED ON JUN 12, 2020 07:34 PM IST
Nasscom said as businesses reopen, it is important for the US to access talent critical to the recovery phase, and American enterprises need access to essential technology workers who are keeping critical infrastructure operating.
A New York City Police (NYPD) officer wearing a protective mask asks a rider to exit the train so it can be disinfected at the 2nd Ave-96th Street subway station in New York, US on Wednesday(Bloomberg File Photo)
A New York City Police (NYPD) officer wearing a protective mask asks a rider to exit the train so it can be disinfected at the 2nd Ave-96th Street subway station in New York, US on Wednesday(Bloomberg File Photo)

US business debt soars by record on bond issuance, loans

By Bloomberg | Posted by Kanishka Sarkar
UPDATED ON JUN 11, 2020 11:41 PM IST
In a matter of weeks, the coronavirus outbreak ended the record-long US expansion. Fed policy makers slashed the benchmark interest rate close to zero and the unemployment rate jumped from the lowest in 50 years to the highest since the Great Depression era.
Joblessness is still far higher than what it was before the nationwide lockdown began on March 25.(HT File Photo)
Joblessness is still far higher than what it was before the nationwide lockdown began on March 25.(HT File Photo)

Urban job loss rate drops to 17.08% as of June 7

Mint, New Delhi | By Prashant K. Nanda
PUBLISHED ON JUN 09, 2020 12:27 AM IST
In rural India, where unemployment is still nearly 18%, demand for the rural job guarantee scheme will go up, according to economists.
In this photo taken Thursday, June 4, 2020, barber Rick Cook holds the sign he's been playfully displaying in his "Psychic Barber" shop, closed because of the coronavirus outbreak, in Seattle.(AP)
In this photo taken Thursday, June 4, 2020, barber Rick Cook holds the sign he's been playfully displaying in his "Psychic Barber" shop, closed because of the coronavirus outbreak, in Seattle.(AP)

Unemployment rate in US falls to 13.3%, 2.5 million jobs added

Washington | By Associated Press
PUBLISHED ON JUN 05, 2020 07:06 PM IST
The May job gain suggests that businesses have quickly been recalling workers as states have reopened their economies.
The total number of people who are now receiving jobless aid has risen to 21.5 million in the United States.(AP File Photo)
The total number of people who are now receiving jobless aid has risen to 21.5 million in the United States.(AP File Photo)

1.9 million in US seek jobless aid even as reopenings slow layoffs

Washington | By Associated Press | Posted by Kanishka Sarkar
UPDATED ON JUN 04, 2020 07:08 PM IST
Though applications for benefits are slowing, the latest weekly number is still more than double the record high that prevailed before the coronavirus outbreak.
Ajay Piramal advocated speed over perfection when it comes to policy implementation.
Ajay Piramal advocated speed over perfection when it comes to policy implementation.

Migrant jobs may fall up to 30% after Covid-19: Ajay Piramal

Hindustan Times, New Delhi | By Goutam Das
UPDATED ON JUN 03, 2020 05:29 AM IST
Covid-19 poses an existential threat if more people fall below the poverty line, and this could lead to a demographic nightmare.
Not surprisingly, the country’s factory output, a key measure of economic activity, shrunk by 16.7%, data from the Central Statistics Office had shown on May 12, signalling that a widespread shutdown hit the economy hard.(Bharat Bhushan/HT Photo)
Not surprisingly, the country’s factory output, a key measure of economic activity, shrunk by 16.7%, data from the Central Statistics Office had shown on May 12, signalling that a widespread shutdown hit the economy hard.(Bharat Bhushan/HT Photo)

Unemployment rate in May unchanged at 23.5%: Data

Hindustan Times, New Delhi | By Zia Haq
UPDATED ON JUN 02, 2020 06:20 AM IST
According to data from Centre for Monitoring Indian Economy’s (CMIE) website, the rate of unemployment in urban India stood at 25.6%, higher than rural India’s 22.6%.
Mounting unemployment will pile more pressure to ease restrictions imposed due to coronavirus pandemic.(Sanchit Khanna/HT Photo)
Mounting unemployment will pile more pressure to ease restrictions imposed due to coronavirus pandemic.(Sanchit Khanna/HT Photo)

India’s job losses at historic peak, as economy awaits resuscitation

Hindustan Times, New Delhi | By Zia Haq | Edited by: Amit Chaturvedi
UPDATED ON MAY 13, 2020 01:00 PM IST
The Covid-19 lockdown imposed on March 24 has shuttered shops, factories and services, such as tourism, eateries and public transport, devastating jobs.
India’s credit profile is supported by its large and diverse economy, and stable domestic financing base, Moody’s said.(PTI File Photo s)
India’s credit profile is supported by its large and diverse economy, and stable domestic financing base, Moody’s said.(PTI File Photo s)

Moody’s sees nil growth for India in FY 2021

Mint, New Delhi | By Asit Ranjan Mishra
UPDATED ON MAY 09, 2020 12:35 AM IST
India’s nationwide lockdown, considered the severest in the world, has led to massive retrenchment and loss of output. Unemployment rate climbed to a staggering 27.1% in the week to May 3, while around 121.5 million reported job losses in April, data from the Centre for Monitoring Indian Economy showed.
On Friday, the government will issue the April jobs report, and it’s likely to be the worst since modern record-keeping began after World War II.(REUTERS)
On Friday, the government will issue the April jobs report, and it’s likely to be the worst since modern record-keeping began after World War II.(REUTERS)

33 million have sought US unemployment aid since coronavirus hit

Washington | By Associated Press
UPDATED ON MAY 07, 2020 10:15 PM IST
Roughly 33.5 million people have now filed for jobless aid in the seven weeks since the coronavirus began forcing millions of companies to close their doors and slash their workforces.
Analysts have been warning about the spectre of unemployment ever since the country was put under a lockdown on March 25 by Prime Minister Narendra Modi to arrest the spread of the coronavirus infections.(Bloomberg)
Analysts have been warning about the spectre of unemployment ever since the country was put under a lockdown on March 25 by Prime Minister Narendra Modi to arrest the spread of the coronavirus infections.(Bloomberg)

India’s unemployment rate soars to 27.11% amid Covid-19 crisis: CMIE

Mumbai | By Press Trust of India
PUBLISHED ON MAY 05, 2020 07:14 PM IST
CMIE said the rate of unemployment was the highest in the urban areas, which constitute the most number of the red zones due to the Covid-19 cases, at 29.22 per cent, as against 26.69 per cent for the rural areas.
Moody’s said while the shape and magnitude of the initial shock is similar across economies, the recovery is likely to be more drawn out in some countries than others(Reuters)
Moody’s said while the shape and magnitude of the initial shock is similar across economies, the recovery is likely to be more drawn out in some countries than others(Reuters)

Moody’s slashes India growth figure for 2020 to 0.2%

Hindustan Times, New Delhi | By Asit Ranjan Mishra
PUBLISHED ON APR 29, 2020 01:56 AM IST
Moody’s said the economic costs of the coronavirus crisis amid the near shutdown of the global economy are accumulating rapidly.
President Donald Trump has said of the novel coronavirus epidemic has rendered 26.4 million Americans jobless since mid-March(Bloomberg)
President Donald Trump has said of the novel coronavirus epidemic has rendered 26.4 million Americans jobless since mid-March(Bloomberg)

Covid-19 update: US was ‘attacked’, Donald Trump says as layoffs and fatalities mount

Hindustan Times, Washington | By Yashwant Raj
PUBLISHED ON APR 23, 2020 07:40 PM IST
Economists assess unemployment rate to have climbed to somewhere between 15% and 20%, which is far higher than the Great Recession of 2008-2009, and briskly creeping up on 25% the peak reached during the Great Depression of 1929, which was the has been the worst slowdown in US history.
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