Unemployment Financial News

Jammu and Kashmir chief minister Ghulam Nabi Azad Sunday said if his party DPAP comes to power in the Union territory, he will focus on developing the tourism sector to tackle the issue of increasing unemployment. At a rally of his Democratic Progressive Azad Party (DPAP) in Pulwama district, Azad also said he would address the perennial problem of highway blockade between Ramban and Banihal caused by landslides if voted to power. «The focus will be on tourism to tackle the problem of unemployment.

Economists have advised against heavily relying on LFS data, citing persistent concerns about its quality.

Despite pay growth slowing down, the labour market is expected to unwind further with unemployment rising and vacancies decreasing over the year ahead.

He said a lot of economic metrics – such as GDP, employment and wages – may not be 'perfectly measured', which is why often the relevant information comes with a delay leading to revisions to several data sets.

The data comes in advance of the Bank of England's meeting to set interest rates later this week.

'While job growth is falling compared to last year, it is holding up remarkably well in the face of a tough economic picture and slowing growth globally.'

Megan Greene (pictured) was part of a minority group of three members who voted to increase interest rates to 5.5% during the recent MPC meeting.

reskilling and upskilling can reduce unemployment and help employees easily adapt to the evolving demands of the modern work environment, a report said on Saturday.The report by HR solutions provider Genius Consultants revealed that 86 per cent of employees interviewed feel reskilling and upskilling can help in reducing unemployment, however, 8 per cent disagreed saying that it will not have much effect on the current scenario. With the rapid advancement of technology and its integration into various work processes, 88 per cent of employees consider reskilling and upskilling is crucial for professional growth, it added. The report is based on an online survey among 1,148 employees from June 14 to July 25, across sectors including banking and finance, construction and engineering, education, FMCG, hospitality, HR solutions, IT, ITES and BPO, logistics, manufacturing, media among others. The report further revealed that 77 per cent of employees interviewed believed that online courses play a crucial role in facilitating skill development for individuals, whereas 17 per cent hold a contrary opinion. This is indeed an important factor to be considered as in today's date, there are multiple portals and websites that provide multiple courses for skill enhancement, the report stated. But, only 39 per cent of respondents are of the opinion that online reskilling certifications are holding the same value as traditional institutional degrees. However, 49 per cent do not share this belief, indicating room for further awareness about the significance of online certifications, said the report. Many organisations still don't accept online certifications as valid, which is a viewpoint that might need to be changed since we are moving

Nigeria's statistics agency says the unemployment rate now stands at 4.1%

Some California lawmakers want to make striking workers eligible for unemployment benefits

unemployment rate, RPG Group Chairman Harsh Goenka has highlighted another key issue that is affecting his business. He believes that while people are complaining about unemployment, his company is facing a shortage of 'skilled' workers. According to Goenka's post on the X platform (formerly known as Twitter), "We want construction workers- we can’t find enough! We want truck drivers- huge shortage! We want plantation workers- they are not available! Can’t understand solution".

₹3,000 per month, 300 units of free electricity for every household per month and free education for every child in Madhya Pradesh among others. Arvind Kejriwal has also promised employment to every unemployed person in the state.

DPAP) chief Ghulam Nabi Azad on Sunday said he would work to eradicate unemployment and poverty from Jammu and Kashmir if his party forms the government in the Union territory. Azad said he cannot promises jobs for all educated youth but will create livelihood opportunities for them. «Poverty and unemployment have increased.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

economic indicator. This move comes in the wake of growing concerns about the state of the world's second-largest economy, which has been facing a series of warning signs. The decision to halt the release of youth jobless figures came shortly after the announcement of factory and retail sales data that fell short of expectations.

China’s government has skipped giving an update on a politically sensitive spike in unemployment among young people as official data showed an economic slump deepened in July

South Africa's official unemployment rate of 33% is the highest in the world, outstripping those of Gaza and the West Bank, Djibouti and Kosovo

BEIJING — China reported July data that broadly missed expectations. The National Bureau of Statistics report also did not include the unemployment figure for young people, which has soared to record highs in recent months.

Unemployment rate across the country fell to 4.1% during 2021-22 from 4.8% in 2019-20, as the economy picked up pace following a slowdown during the pandemic, minister for labour and employment, Bhupender Yadav, said in the Parliament on Thursday. Responding to a question in the Rajya Sabha, Yadav in a written response said that the unemployment rate in the country as well as in rural areas has been declining over the years.

SEOUL (Reuters) — South Korea's jobless rate climbed in July for a second month and hit the highest since January, official data showed on Wednesday.

The US job market remained resilient in July with the unemployment rate dipping to 3.5%. Companies added 187,000 jobs last month - a slight dip from the 200,000 roles projected by economists. The developments came even as the Federal Reserves raised its benchmark interest for the 11th time since March 2022.