Key Points
Momentum in IT services slowed as compared to banking and healthcare, a DBS report said..
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...
A Naukri JobSpeak Report showed that active hiring in non-tech sectors such as real estate and BFSI (banking, financial services and insurance) mitigated the dip in IT sector hiring in April...
March-April '23 rates are up a touch, with urban a shade more than rural, likely a reflection of the pick-up in the Labour Participation rate (LPR)," the report said.. Indias unemployment rate inched up in April to 8.11% from 7.8% in March 2023 owing to a significant rise in the LPR which was the highest in the last three years, the Centre for Monitoring Indian Economy said...
"After languishing since the pandemic, rural labour participation and employment rates have ticked up in April, as a broader resilience in activity likely drew more back to seek jobs," the DBS report said...
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