The US Federal Reserve has said economic activity is improving while deciding to continue with the near-zero interest rate regime to bolster the economy.
Economist Dale W Jorgenson declares that India is doing "very, very well" and forecasts that India might continue to outrun world economies, including China over the next many years.
The number of individuals claiming unemployment benefits declined by 32,300 to 1.59 million.
Reflecting a strained labour market even as signs of economic recovery are rising, the unemployment rate in the OECD region rose to 8.6 per cent in August.
According to the latest survey by global staffing services firm Manpower, India has an overall net employment outlook -- a measure of hiring plans by employers -- of 19 per cent for the July-September period, the most among the 34 countries surveyed. The Manpower Employment Outlook showed that only 11 of the 34 countries have positive hiring plans, indicating the general gloom in the global job market in the wake of the tough economic scenario.
India has been ranked 52nd in the Travel and Tourism Competitiveness Index 2015 compiled by the World Economic Forum.
Professionals working in the Gulf have been hit hard by the downturn, with almost two-thirds not receiving any pay hike and one in ten losing job this year.
Retail giant Wal-Mart Stores will hire over 22,000 people this year, a move that will bring cheer to the country's strained labour market grappling with rising unemployment woes.
'Falling labour participation rate is common in the ageing populations of the developed world.' 'But India is a country with a young population.' 'It is imperative that the labour participation increases.' 'We need a larger labour force to increase our per capita income level,' points out Mahesh Vyas.
Non-farm private employment decreased 2,98,000 from July to August 2009, according to the ADP National Employment Report released on Wednesday. The report noted that the estimated change of employment from June to July was revised by 11,000 from a decline of 3,71,000 to a decline of 3,60,000.
Prime Minister Narendra Modi has high hopes from the VibrantGujarat Summit.
"In the week ending August 15, the advance figure for seasonally adjusted initial claims was 576,000, an increase of 15,000 from the previous week's revised figure of 561,000," the US Labour Department said in a statement on Thursday.
A silver lining appears to be in sight for America's strained labour market as a survey shows that lesser number of companies will be looking to trim their sales workforce in the coming months.
In its latest report titled Global Employment Trends For Women, the UN's labour body said unemployment of women -- a vulnerable group -- might rise between 6.5 per cent to 7.4 per cent during the year. It recommended that 'when governments design and implement fiscal stimulus packages, it is important to recognise the labour market disadvantage that women face through the equity challenge, and to consider explicit employment growth targets for women.'
Is India witnessing jobless growth or is there actually no issue with employment? The real story is between the first two suggesting that though there is sufficient employment, the challenge is to create well-paying quality jobs, says Amitabh Kant.
The report titled 'Towards a Global Labour Market' by the Work Foundation said that the UK will need to attract more highly skilled workers from abroad in order to secure the future of high technology, knowledge intensive industries in an increasingly global world. Policymakers must do more to ensure that the UK remains an attractive place for highly skilled migrants who want to come to the UK, the foundation said.
US consumer confidence tumbled to a five-year low in March, disappointing economists and raising fears that the American economy could be heading into a deep recession. The Conference Board's confidence index fell from 76.4 in February 64.5 this month, compared with economists' expectations of a much lighter drop to about 74, as US consumers fretted over the deteriorating labour market and higher food and energy prices.
Change will have to begin with Mr Modi, who by all accounts has shown little active interest in macro-economic issues, preferring instead to focus on the effective implementation of projects and programmes, points out T N Ninan.
The report also said that the productivity gap between the industrialised region and most others remains wide, even as productivity levels have been on the rise over the past decade worldwide.
The Federal Reserve's move comes a week after it trimmed 0.75 per cent of the fund rate owing to concerns that the US economy was headed towards a recession.
"We are looking at how we can bring back skill sets developed by Indians overseas," Rajiv Singh, vice-chairman of DLF, said in an interview with the Financial Times. "Our desire is to have a very highly motivated and trained labour force come back and work for us."
If you take the minimum wage to Rs 15,000 tomorrow, the choice may not be between Rs 8,000 and Rs 15,000; it might be Rs 15,000 or nothing, says T N Ninan.
The country has improved in high-tech exports, IT, investment flows.
Are there actually any real benefits of studying abroad? In a word, yes. And here's why.
IMF MD Christine Lagarde hailed the government's latest Budget.
China is facing a "severe" employment crisis with 34.5 million people expected to enter the labour market from 2006 to 2010, testing the government's plan to build a 'harmonious society.'
A persistent gap in status, job security, wages and education between women and men is contributing to the "feminisation of working poverty"
Fast rising salaries in India and increasing cost of living in the Gulf are forcing employers in Dubai to offer above-average pay packets to retain Indian professionals, according to a new survey.
A reading above 50 indicates expansion while a one below this level means contraction.
Out of the top 11 Asia Pacific economies, the average monthly Indian starting salary was ranked ninth.
Excerpts from an address by Prime Minister Manmohan Singh at the roundtable sponsored by The Economist on March 13.
The government said in Friday it was negotiating aggressively at the World Trade Organisation to facilitate easy movement of professionals across borders to deliver services.
Following another disappointing year in 2014, developing countries should see an uptick in growth this year, boosted in part by soft oil prices, a stronger US economy, continued low global interest rates, and receding domestic headwinds in several large emerging markets, it added.
"Can the revolution in the information technology sector in India resolve India's unemployment problems and the other ills in its labour markets? Certainly not," the Economic and Social Commission for Asia and the Pacific survey said.
Poor quality of employment in India has led to a mismatch in expectations and availability of jobs forcing the skilled manpower to explore opportunities abroad, five leading international think tanks have said.
Traders said sentiments turned bearish after gold fell to three-week low in global markets as a stronger dollar curbed demand after the Federal Reserve ended its asset-purchase programme because of an improving labour market.
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