The China is experiencing deflation for the first time in almost two years, yet another sign that Beijing might need to introduce stimulus measures to revive its stuttering economy. According to data from the National Bureau of Statistics, the consumer price index (CPI), which measures the cost of an average shopping basket, fell 0.3% in
IT professionals are likely to quit their jobs by 2025 because of the high attrition rate. A report said that around 22 lakh IT professionals are unemployed in India by 2025. The survey of IT professionals conducted by IDC revealed that 57% of them would never consider returning to the software industry. A ‘Talent Exodus
Initial jobless claims in the United States last week rose to 244,000, an increase that’s been predicted might of possible as people continue to file for unemployment. The number of Americans filing for unemployment benefits increased, by 9,000 from the previous week’s unrevised level of 235,000. The four-week moving average for initial jobless claims increased
The global job market is unlikely to recover before 2023. The global employment rate will take time to recover to pre-pandemic levels. The International Labour Organisation (ILO) warned that economies across the globe would suffer an equivalent of fifty-two million fewer jobs. Why will the global job market take longer to recover? Compared to 186
India’s unemployment rate stoops to 6.57%: CMIE
As India’s unemployment rate stoops to 6.57%, the urban unemployment rate is 8.16%. According to CMIE, India’s unemployment rate has been the lowest since March 2021. As per the CMIE report, “While unemployment in urban India stood at 8.16% in January, in rural areas it was the lowest at 5.84% in rural areas. In December,