US adds more jobs in September; unemployment falls to 4.1%
Average hourly earnings grew by 0.4% in September, slightly lower than the 0.5% increase seen in August. Key Points
India Todaylabour pangs: Punjab businessmen offer incentives
Attendance and referral incentives, financial assistance, coolers and cold beverages at workplaces…the Punjab industry is going the extra mile to... Key Points
The Tribune IndiaView: The one thing that can slow AI's breakneck speed
Promoters of AI sell hope and assurance like previous revolutions. AI may make labor functions redundant, lead to reduced work hours, and render developers/champions unnecessary. Investments in human-like robots and hiring freezes indicate a possible future of RHRP. Key Points
The Economic TimesIndia, Philippines witnessed the largest decline in gender gap in the post-pandemic period: Moody’s
Moody's Analytics reports that India and the Philippines have seen the largest reduction in the gender gap in labor force participation post-pandemic. The narrowing gap since 2019 has added $1.5 trillion to global income, with almost half coming from India and Japan. Despite progress, India's gender gap remains over four times that of the US or the EU, attributed to traditional gender roles and insufficient supportive policies for women in the workforce. Key Points
Economic TimesAI coming into play means we must rethink economics. Old labour market theories won't work
A big change in the energy economy might create new jobs, temporarily solving the problem. But it might be too fast for the workforce to keep up with. Key Points
ThePrint
10 States/UTs hold up labour codes rollout
Labour, being a concurrent subject, the Centre wants the rollout of the codes only when all states are on board to avoid legal issues after implementation. Heres a look at the state-wise progress. Key Points
Economic TimesGovt to make unique identifier mandatory for construction workers: labour Secy
New Delhi, Nov 29 (PTI) The government on Wednesday said it will make a unique identifier mandatory for all building and construction workers across the country to ensure that migrant workers’ rights are protected. This identifier, which will be linked to Aadhaar and integrated into the e-Shram database, will facilitate the portability of benefits. It […] Key Points
ThePrint‘Kabhi Khushi Kabhie Gham’: UK Opposition Leader Keir Starmer on FTA with India
India and UK are currently in the 14th round of FTA negotiations to enhance GBP 36-billion bilateral trading partnership. The UK's Opposition Leader Keir Starmer has described the ups and downs of the government's negotiations towards a free trade agreement (FTA) with India as ‘Kabhi Khushi Kabhie Gham’ and committed the labour Party to pursuing an “always happy” bilateral relationship. Key Points
The Tribune IndiaFormal female workforce more than doubles under EPFO in 5 years
Net new female members added under the retirement fund body more than doubled to 2.8 million in FY23 from 1.30 million in FY19, as per EPFO payroll data. This is primarily because companies have become more inclusive and are now moving towards greater gender parity while the government has brought in several incentives to attract more women to the workforce. Key Points
Economic TimesArdern exit, harsh Covid curbs & inflation — why Kiwis voted labour out after 6-year stint in power
New Zealand: labour leader Hipkins conceded defeat to National Party’s Christopher Luxon. Observers say ruling party's domestic policies “backfired”. Key Points
ThePrint
Stellar GDP growth in Q1 results in better employment numbers
The Indian economy grew 7.8% in the first quarter of the year on the back of services growth and strong domestic demand. The improving employment situation in the country also translated into an improvement in female labour force participation in urban areas to 23.2% from 22.7% in the previous quarter. Male labour force participation remained steady at 73.5%. labour Force Participation Rate (LFPR) is defined as the percentage of population in the labour force, as per the report. Key Points
Economic TimesUnemployment rate dips to a year’s low of 6.6% in April-June 2023: Official data
The labour force participation rate (LFPR) is at a four-quarter high of 48.8%, compared to 47.5% in the same quarter of the previous year | Latest News India Key Points
Hindustan TimesUnemployment rate declines, female labour force participation rises in Q1FY24: MoSPI
The Indian economy saw strong growth in the first quarter, leading to improved employment numbers. The unemployment rate in urban areas decreased to 6.6% in the April-June quarter, compared to 6.8% in the previous quarter. Female labor force participation also increased to 23.2% in urban areas. Key Points
Economic Times'Empower women.' Zerodha founder Nithin Kamath's advice to aid India's economic growth
Nithin Kamath, the entrepreneur who recently became a billionaire, expressed surprise at the low female labour force participation rate in India. He highlighted the need to empower women to join the workforce, as it would boost the country's economic growth. Key Points
Economic TimesGerman law on forced labour in global biz supply chains to have little impact on India's trade: GTRI
Germany has banned forced labour and other labour law violations in its supply chains extending within and outside Germany. The law called the Supply Chain Due Diligence Act (SCDDA), came into effect on January 1 this year. It applies to firms with more than 3,000 employees. These include German firms and foreign firms doing business with Germany. Key Points
Economic Times
Unemployment rate falls to 7.7 pc in May on decline in labour participation: CMIE
The unemployment rate in India fell to 7.7 per cent in May due to a decline in the labour participation at 441.9 million, according to a data released by private economic think tank CMIE. Key Points
FinancialexpressUnemployment rate falls to 7.7% in May on decline in labour participation: CMIE
The unemployment rate inched down as a consequence of a fall in the labour participation, which implies a fall in the number of people who entered the labour market in search of work. Compared to April, labour participation rate (LPR) fell by 1.1 percentage point to 39.6 per cent in May, she said. Key Points
Economic TimesG20 India: Employment Working Group reaches broad agreement for cross-country mobility and jobs database
These include development of an international reference classification of occupations by skill and qualification requirements to facilitate cross-country comparability and mutual recognition of skills and qualifications. Further, it has been agreed to extend coverage of ILO and OECD's Skills for Jobs Database to G20 countries through comparable indicators to map skill gaps globally, it said. Key Points
Economic TimesG20 countries including India are fuelling modern slavery, says new report
50 million people are living in conditions of modern slavery — a 25% rise over the last five years, says a new report. According to it, the Group of 20 nations are contributing to this increase, as their trade operations and global supply chains allow for human rights abuses. Key Points
The HinduIndia’s unemployment rate in April rises to 8.11% from 7.8% in March
India's unemployment rate increased to 8.11% in April from 7.8% in the previous month due to a rise in the labour participation rate (LPR) to 41.98% from 39.77%, revealed Centre for Monitoring Indian Economy (CMIE). Further adding 25.5 million workers to the labour force, the total labour force count rose to 467.6 million in April. Key Points
Economic Times
Migrant labourers to blame for 90% crimes in Goa: CM Pramod Sawant
In his address, the Chief Minister said that two NGOs have been brought on board to ensure that all labourers are issued the cards. “The facilities shall be made available online soon,” he said. Key Points
The Indian Expresslabour Day: India's bid to ape China is caught up in archaic laws
“India's current labour laws are strewn with redundancy, and overlap, creating a high compliance burden. Although many states have already issued rules and draft notifications are available, the government has yet to implement the new labour codes,” said Rishi Agrawal, CEO and Co-founder of Teamlease Regtech. Key Points
Economic TimesIndia’s labour market metrics deteriorates in March as employment in construction, retail trade drops
CMIIEs weekly labour market analysis shows that the labour markets have been weak especially during the last quarter of 2022-23. While the LPR fell from 40.5% in December to 39.8% in March 2023, the unemployment rate fell marginally from 8.3% to 7.8% while the employment rate fell from 37.1% in December 2022 to 36.7% by March 2023. Key Points
Economic TimesUS to crack down on child labour amid massive uptick
US officials said the labour Department had seen a nearly 70 per cent increase in child labour violations since 2018, including in hazardous occupations. In the last fiscal year, 835 companies were found to have violated child labour laws. Key Points
India TodayExplained: New child labour laws in US state lets teens work six hours a day
The bill, which was signed by Gov. Kim Reynolds, allows 14 and 15-year-old teens to work additional, six, hours everyday even when their school is in session. | World News Key Points
Hindustan Times
World Day Against Child labour 2023: Date, theme, history, significance and all you need to know
World Day Against Child labour falls on June 12. Know about this year's theme, history and significance of the day and more inside. Key Points
Hindustan TimesAs India's job bandwagon picks up, IT sector falls off pace: DBS report
A slowdown in consumer demand post the pandemic and uncertain macroeconomic conditions triggered mass layoffs across Big Tech firms over the past few months - including in companies like Meta, Amazon, Microsoft, and Alphabet. In India, Reliance Industries was the latest to hand out pink slips, with its online wholesale format JioMart laying off more than 1,000 employees, with more jobs cuts expected. Key Points
Economic TimesUK’s July General Election: Impact on India FTA, Indo-Pacific tilt
British Future think tank has forecast that next UK Parliament is set to be most diverse. The prospect of an India-UK free trade agreement (FTA) has been kicked... Key Points
The Tribune IndiaUS bars imports from 3 more Chinese companies over Uyghur forced labour
The addition of COFCO Sugar Holding (600737.SS), Sichuan Jingweida Technology Group and Anhui Xinya New Materials will bring the total number of companies on the list to 30. Key Points
India TodayIndia's unemployment rate eases to 6.8% in January-March 2023: NSO survey
The unemployment rate was 6.0% for men and 9.2% for women. It was 6.5% and 9.6% for men and women respectively, in October– December 2022.According to the PLFS report, female labour force participation in Q4 FY23 increased marginally to 22.7% from 22.3% in the previous quarter. The male abour force participation stands at 73.5%. Key Points
Economic Times
Germany unveils immigration plan to tackle labour shortages, fill 60,000 jobs a year
With this, we are laying the foundation for a new start in migration policy, Finance Minister Christian Lindner tweeted after the cabinet approved the reforms. Anyone who can contribute to the country's economic success as a skilled worker is welcome. Key Points
Economic TimesWhat managers will not get under new labour laws
The new four labour laws divide an employee into two categories namely - 'worker' and 'employee'. Depending on the category in which an individual falls under will he/she get the benefits under the new labour laws. It is important to note that managers will not get many benefits vis-a-vis compared to workers. Key Points
Economic TimesA tale of India’s two big export industries: And a lesson on incentives
We’re talking about petroleum and IT service exports. Policymakers must not distort incentives too much in favour of industries, but aim to create a level playing field. Key Points
mintChild labour Day: Rehab funds worth crores collecting dust with govt dept for nearly 27 years: RTI
Disbursements to rescued children are being made only in select districts in U.P. and that too, at irregular intervals since 1996. Key Points
Hindustan TimesSouth Korean minister under fire for saying 69-hour work week plan ‘helpful’ for working moms
South Korean labour Minister Lee Jung-sik received backlash after defending longer work week as ‘helpful’ for working mothers. The South Korean government proposed an increase in the work week to 69 hours from 52. Key Points
India Today