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LABOR MARKET SCARRING
Why India’s 12-hour workday is the wrong kind of capitalismIndia's corporate leaders advocate for longer workweeks, a move supported by new labor laws allowing 12-hour shifts. This shift aims to boo...- Jerome Powell highlights challenges for Gen Z graduates entering workforceGen Z is confronting a challenging employment market as joblessness rises among recent graduates, especially men, while Black unemployment ...
- Pakistan enjoys EU's GSP plus privilege despite gross rights violationPakistan benefits economically from the EU's GSP+ trade privileges, gaining duty-free access to European markets. However, this access come...
- India can say no on trade. Here’s how to get to yesIndia aims to reform its free trade strategy, targeting deals with the UK and the EU while addressing past issues. Current trade negotiatio...
- Layoffs are a last resort looming for more US companiesThe Federal Reserve has relied on labor hoarding to prevent an economic downturn, with businesses keeping workers despite higher interest r...
- Cost of competitive exam: Chase a govt job, end up getting scarredPreparation for UPSC Civil Services exams has become critically competitive, similar to medical and engineering admissions. A partial hirin...
- Fitch raises India's mid-term growth forecast to 6.2%; China's woes hit brakes for emerging marketsIndia growth outlook, India GDP: Fitch Ratings has raised India's medium-term potential growth estimate to 6.2%, attributing it to a swift ...
- How do you define a recession? Let us count the waysA recession is often defined as two consecutive quarters where the economy shrinks instead of grows, but with plenty of caveats.
- How "substantial" was progress for the Federal Reserve?In the case of inflation, probably more than the Fed bargained for. The annual rate of price increases was 1.3%, measured by the Fed's pref...
- Joe Biden to urge G-7 leaders to call out, compete with ChinaThe provocative proposal is part of President Joe Biden's escalating campaign to get fellow democratic leaders to present a more unified fr...
- In Paradise and beyond, wage hikes lag global recovery"Businesses are trying to cope with the (labor) shortage in different ways but we aren't seeing industry-wide wage pressures," said Daniel ...
- U.S. weekly jobless claims hit 13-month low; home sales tumbleEven as the economy is booming and the labor market scars are healing thanks to massive public aid from the government and increased COVID-...
- Robust American employment growth expected in March, jobs deficit remains largeThe Labor Department's closely watched employment report on Friday is also expected to show people, mostly women, wading back into the labo...
- U.S. weekly jobless claims drop to four-month lowInitial claims for state unemployment benefits decreased 42,000 to a seasonally adjusted 712,000 for the week ended March 6, the lowest lev...
- Data-focused Powell says may take more than 3 years to hit Fed inflation goal"We are just being honest about the challenge," Powell told the House of Representatives Financial Services Committee when asked about Fed ...
- India’s economy to struggle with effects of virus through 2025Balance sheet stress that had been building before the coronavirus outbreak will probably worsen, Priyanka Kishore, head of economics for S...
- Young pros facing jobs cuts may turn into the 'lockdown generation'More than one in every six young workers have stopped working during the pandemic.
- IMF chief Kristalina Georgieva warns full global economic recovery unlikely in 2021IMF Managing Director Kristalina Georgieva said data from around the world was worse than expected.
- Janet Yellen confirms Fed Reserve still on track to raise rates this yearFederal Reserve chair Janet Yellen said she is ready to raise interest rates this year and intends to let the labour market run hot.
- IMF warns wealthiest nations about their debtThe International Monetary Fund warned the world's wealthiest nations to watch their surging levels of government debt. Top gainers, losers...
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