Formal job creation declines in March: EPFO
Out of 13.40 lakh members added during the month, around 7.58 lakh new members have come under the ambit of EPFO for the first time.
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The New-age Skill Gap
The economy is creating millions of jobs in next-gen sectors like solar power, electric vehicles, semi-conductor and defence, but companies need to upskill their employees first.
India to see 22% job churn by 2027 led by AI, ML roles: WEF report
The report says that India is amongst the seven countries including Brazil and the United Arab Emirates (UAE) where job growth has been slower in the social sector as compared to non-social jobs.
Spotlight on Jobs
The Budget puts the focus on job creation, but experts say schools and colleges need to integrate skill development in curricula first.
Budget 2023: MGNREGA demand up since Covid
A total of 7.2 crore households were provided employment under MGNREGA scheme in FY22 against 5.2 crore in pre-Covid.
Economic Survey 2023: Start-ups envisioned as the 'spine of new India'
Total number of jobs created by DPIIT (Department for Promotion of Industry and Internal Trade) recognised startups has increased to 269,000 in 2022 from some 43,000 in 2017, the survey says.
Four in five Indian professionals looking for a new job in 2023: LinkedIn
This means that 80% of the Indian workforce is looking forward to a new job in the current year. The development comes amid layoffs by startups and big tech companies.
Global employment to expand by just 1% in 2023: ILO
Meanwhile, global unemployment is projected to edge up by around three million in 2023, to reach 208 million, which corresponds to an unemployment rate of 5.8%.
EPFO adds 12.92 lakh members in Oct; job creation dips 23.1% MoM
According to the government, around 2,282 new establishments in October have started complying for the first time under the Employees’ Provident Funds & Miscellaneous Provisions Act, 1952.
Listed companies employed record 1 cr in FY22: CMIE
These employees got average wages worth ₹7 lakh; much higher than average salary received by factory employees that’s around ₹3 lakh.
