Hours after his Democratic party was trounced by the Republicans in the mid-term elections, United States President Barack Obama on Wednesday took responsibility for the defeat and said that "it feels bad".
When it comes to losing a job permanently, the youngest and the oldest segments in the workforce have reported an increase in setbacks in the second wave of the pandemic, a survey of by a Fortune500 company has said. The survey, conducted in April this year, covered 2,000 persons in India. Six per cent of those over 55 years of age reported having permanently lost their job, as against 4 per cent last year. In those aged under 24, the proportion reporting a permanent job loss has increased to 11 per cent from 10 per cent in the year-ago period, the survey done by financial technology company FIS said.
The International Monetary Fund head Dominique Strauss-Kahn has said that the global economic recovery is fragile and remains uncertain as not enough jobs are being created.
The government has already implemented one of its five poll guarantees, "Shakti", by providing free services for women in public transport buses.
Spain's unprecedented success at the World Cup finals is helping people forget the country's economic woes, captain Iker Casillas said on Friday.
After bumbling for years since 2014, the Modi government seems to believe that massive government expenditure will lead us to prosperity supported by 'seat-of-the-pants' decision-making, observes Debashis Basu.
With the US facing a double digit unemployment rate, Senator Russ Feingold in a letter to Senators Richard Durbin and Byron Dorgan, who are drafting such a legislation urged them to include strong and effective Buy American and domestic sourcing requirement in this legislation.
Why did Karnataka's economic prosperity fail to influence the nature of electoral promises made by political parties in the run-up to the assembly elections? asks A K Bhattacharya.
The issue was raised by the visiting CII's CEO Mission led by Bharati enterprise chairman Sunil Bharati Mittal, who among others met Lawrence Summers, Director of the National Economic Council, at the White House on Wednesday. During the meeting, the delegation comprising top Indian CEOs brought to the notice the concerns about the recent developments in the US with regard to H-1B work visa programme and certain provisions in the stimulus bill.
Get more people working, get more people working in modern manufacturing and services in our cities, and get people working better and longer, suggests Naushad Forbes, past president, CII.
The past year saw some spectacular rallies in silver with prices rising 80 per cent on perception of it being a store of value, continuing shrinkage of above-ground refined silver and demand staying ahead of supply.
Nothing in India's recent history suggests that India can provide 8-9 million jobs a year, let alone generate 50 million jobs in any reasonable time, notes Mahesh Vyas.
In Mumbai, his first stop, Obama would address a meeting of top Indian and American business executives; besides having a separate meeting with American CEOs in India that time, including Indra Nooyi of Pepsico.
In Phase 6, indications are that the BJP, which is defending 40 seats, will lose in double digits and gain in single digits. Not good, if you are the ruling party scrambling to earn a working majority, with just one phase left to go, argues Prem Panicker.
Unemployment rate in US soared to a 26-year high of 9.8 per cent in September as 263,000 jobs were lost last month.
Although investments have been few and far between in the valley, which has had to live under the shadow of attacks by militants from across the border since 1989, the economist said there was a risk that even those who had invested could wind up operations.
'There is no safe spot in Gaza.' 'Israeli airstrikes are targeting everything, everywhere.' 'Hospitals, mosques, churches, schools have been bombed. These are places where people were taking shelter.'
Warning that macroeconomic and social policies have not been successful in lowering unemployment rates to desirable levels, a UN report says that while globalisation has helped highly skilled people to earn high salaries, those with low skills have been hit hard.
Twenty metros where Americans have a hard time meeting expenses.
'Some people even boldly ask for a 100% increase in the salary.'
Rising crude prices and weakening global markets on Monday pulled down the benchmark index below 15,000 mark with the market dipping over 700 points due to heavy selling.
There is an attempt to brush aside the results of all surveys that point to a deteriorating jobs situation. This is counter-productive, says Mahesh Vyas.
Lessons from entrepreneurs who have launched businesses in the last 18 months.
Underemployed freelancers and involuntary part-timers are hidden casualties of the deepening recession.
Karnataka Chief Minister Siddaramaiah on Monday launched payment of cash in lieu of the additional 5 kg of rice to beneficiaries under the government's 'Anna Bhagya' scheme.
As federal officers raid alleged abusers, tech employers worry they'll run short of skilled foreign workers, especially in stimulus sectors.
Deposit insurance is a system in place in many countries including India that protect bank depositors.
A long period of job growth would be needed just to eliminate a ballooning employment deficit stemming from a deep, lengthy recession.
The US has slipped into a recession and is estimated to shrink 2.6 per cent in the fourth quarter, primarily stoked by worsening credit conditions, says a survey.
Emerging technologies like cybersecurity and the Internet of Things have the potential to add 1.4 million new IT jobs in India by 2027.
Among Sensex shares, HDFC Bank fell the most by 2.58 per cent, followed by SBI (2.12 per cent), HDFC (2.09 per cent), and IndusInd Bank (2.02 per cent). Axis Bank, Bajaj Finserv, M&M, L&T, Reliance, Infosys and TCS were among the major losers. In contrast, Tata Motors, Maruti, NTPC, Sun Pharma, Power Grid and Titan were among the gainers.
This is one of the largest monthly increases in the labour force, observes Mahesh Vyas.
BJP vice-president Mukhtar Abbas Naqvi alleged that the Congress-led Centre had no concrete plans aimed at uplift of Muslims.
The cumulative loss of salaried jobs since the pandemic is even larger at 12.6 million, reveals Mahesh Vyas.
'What should surprise BJP supporters is Modi's call for 'stability' at the manifesto launch, a theme that he and his team members had not touched ahead of the Lok Sabha polls in 2014 and 2019.' 'The last time the party called for 'stability at the Centre' was in 1998 and 1999,' recalls N Sathiya Moorthy.
The employment rate (number of person unemployed per 1000 person in the labour force) according to usual status was 17 in the rural areas and 45 in the urban locations.
The Raleigh-Durham area in North Carolina state has been ranked as America's top technology hub: it offers affordable housing and plenty of jobs and good quality of life.
The downfall continues on the bourses as it fell further by over 720 points. At 1140 am, the Sensex was down by 692 points at 14,880 and the NSE Nifty was down 187 points at 4,441.
Watch all the action from both House of the Parliament.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances