'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.
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.
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.
Prime Minister Narendra Modi has high hopes from the VibrantGujarat Summit.
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.
"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.'
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 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.
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.
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.
"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."
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.
Users of employment / unemployment statistics can enjoy the benefits of -- initially the speed of private enterprise and then, the stamp of official statistics with a hopefully small time lag, says Mahesh Vyas.
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.
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.
The Asian markets are largely trading in the green, taking heart from a positive close on Wall Street.
"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.
Will Prime Minister Modi start a conversation on the need for people to limit the size of their families, asks Colonel Anil A Athale (retd) on the occasion of World Population Day, July 11.
The United States has proposed changes to the H-2B application process to make it more responsive to urgent work force needs in the country.
US job growth increased at a fairly brisk clip in October and the unemployment rate fell to a fresh six-year low of 5.8 per cent, underscoring the economy's resilience in the face of slowing global demand.
The slide in gold continued for the second straight day, with prices tumbling by Rs 200 to Rs 28,100 per ten gram at the bullion market on Friday largely in tandem with a weakening trend overseas amid low demand from jewellers.
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