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10 Crore People Without Good Jobs: India’s Demographic Nightmare

“But if counting formal employment is difficult, calculating informal employment is even more arduous” writes Goutam Das for huffingtonpost.com. There is a reason behind the present government’s stress on higher formal employment count.Ghosh estimates that informal employment has grown 10 to 15 times in the last decade versus formal employment.There are, of course, other proxies to count informal employment.Ghosh suggests India enact a law that makes it mandatory for organizations to disclose their employment count on a quarterly basis. Source: huffingtonpost.com

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News 

10 Crore Without Good Jobs: India’s Demographic Nightmare

“But if counting formal employment is difficult, calculating informal employment is even more arduous” writes Goutam Das for huffingtonpost.com. There is a reason behind the present government’s stress on higher formal employment count.Ghosh estimates that informal employment has grown 10 to 15 times in the last decade versus formal employment.There are, of course, other proxies to count informal employment.Ghosh suggests India enact a law that makes it mandatory for organizations to disclose their employment count on a quarterly basis. Source: huffingtonpost.com

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News 

10 Cr Without Good Jobs: India’s Demographic Nightmare

“But if counting formal employment is difficult, calculating informal employment is even more arduous” writes Goutam Das for huffingtonpost.com. There is a reason behind the present government’s stress on higher formal employment count.Ghosh estimates that informal employment has grown 10 to 15 times in the last decade versus formal employment.There are, of course, other proxies to count informal employment.Ghosh suggests India enact a law that makes it mandatory for organizations to disclose their employment count on a quarterly basis. Source: huffingtonpost.com

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The top 11 in-demand jobs you can get with a bachelor’s degree

“While STEM field jobs hold four of the top 11 in-demand jobs, a range of positions in other fields will see fast growth, such as coaches and fundraisers” writes unknown author for cnbc.com. To help grads understand which industries will be hiring for the long haul, financial site SmartAsset compiled a list of the most in-demand jobs for bachelor’s degree holders.Meanwhile, creative roles such as writer, editor, author and graphic designer ranked in the bottom 35 of the site’s in-demand job list. Take a look below to see which bachelor-degree…

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U.S. job growth likely slowed; minimal hit seen from government shutdown

“Job growth likely slowed across all sectors in January” reports businessinsider.com. The shutdown saw about 380,000 workers furloughed but is seen having a minimal impact on January’s job growth as President Donald Trump signed a law guaranteeing these employees back pay.The anticipated job gains would be more than the roughly 100,000 per month needed to keep up with growth in the working-age population.According to the Labor Department’s Bureau of Labor Statistics (BLS), which compiles the employment report, these workers will be included in the payrolls count.With key data from the…

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What The Falling Investment Rate Says About The Jobs Crisis

“Why should we even expect the investment rate to keep rising, and why should we worry if it falls?” writes Jayati Ghosh for huffingtonpost.com. But one significant issue has escaped public attention—the falling investment rate.The economic strategy of the past two decades essentially relied on large corporate investment to deliver more investment, and therefore more growth, productivity, and formal sectors jobs.Also, it is well known that public investment has a strong positive effect on private investment, through its linkage effects and because it can provide much-needed infrastructure.After all, the economy…

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Worker wage gains just broke 3% for the first time in more than 10 years

“Federal Reserve policymakers watch the employment cost index carefully for inflation pressures” writes Jeff Cox for cnbc.com. A release earlier this month from the BLS showed that real average hourly earnings, which take into account inflation, rose 1.1 percent for the year in 2018.Overall, the employment cost index, which also includes benefits costs, rose 2.9 percent for the quarter, which also tied the highest level since the third quarter of 2008. Source: cnbc.com

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Finland, world’s happiest country, gets reality check on job creation…

“If we won’t reach higher employment levels, we’ll face more austerity with cuts on spending and public sector jobs, leading to smaller tax revenues and higher unemployment spending,” Kangasharju said” reports straitstimes.com. When Finland’s government “is able to raise the employment rate permanently above 75 percent, that actually fully resolves the spending gap,” he said in an interview on YLE Radio Suomi.HELSINKI (BLOOMBERG) – Finland is ranked the world’s happiest country, but its population is ageing faster than most and that’s putting pressure on the government to get more people…

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The blowout jobs report seems to ‘make a mockery’ of recession fears, economist says

“President Donald Trump, who has repeatedly attempted to discredit official Labor Department data in the past, celebrated the employment figures with an all-caps tweet” writes Finanzen Net Gmbh for businessinsider.com. In December, more than half of economists surveyed by The Wall Street Journal predicted a recession would begin within the next two years.While the jobs report signals current and past business conditions, according to economists, factory-activity indicators tend to point to future performance.The December employment report out Friday showed the US added the most jobs since February and that wage…

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Markets News 

Upbeat Employment Report Underscores Economic Strength

“Professional and business services employment increased by 43,000 jobs last month and government payrolls rose 11,000” writes Min Read for reuters.com. Job gains were reported across all industries, with the exception of the information sector, which shed employment for the second straight month.The December jobs gain pushed total U.S. employment above 150 million jobs for the first time.U.S. stocks rallied on the employment report on Friday and extended gains after Powell’s comments. Source: reuters.com

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