The Secretariat’s Post

Filling up #governmentvacancies, continued #capitalexpenditure, refocusing on #labourintensive sectors are short-term solutions. Improving #education & pushing R&D will have a long-term impact on the #jobs front. I write at The Secretariat. https://lnkd.in/gFrSzknT

Will the Union Budget create jobs? According to the Economic Survey, India needs to create 8 million jobs annually to accommodate its growing workforce. The Union Budget 2024, with its pronounced emphasis on employment and skill development, aims to address this pressing issue. But will Finance Minister Nirmala Sitharaman’s Budget catalyse job creation? #Editorial BY: Amol Dethe, Editor, ETCFO Read more at: https://shorturl.at/Dg2aZ #Budget #jobs #employment #skills #economy

Arun Kumar, noted Economist , author of many good books about economics and governance, highlights the growing disparity in employment data and the government's denial of the issue. He points out that while official sources like PLFS and CMIE show conflicting figures, the true employment situation is dire, exacerbated by outdated data and economic shocks. Kumar emphasizes that the government’s failure to address these discrepancies could lead to escalating youth frustration. He questions why the government does not acknowledge the problem and take action to prevent further unrest. #Employment #Unemployment #EconomicShocks #DataDiscrepancies #PLFS #CMIE #YouthUnrest #GovernmentPolicy #IndiaEconomy #DataAccuracy https://lnkd.in/gPApZp2S

OECD Innovative approaches to tackle long-term unemployment [21 November 2023] https://lnkd.in/gHWxy6zJ or https://lnkd.in/g756kZC8   Long-term unemployment remains a structural challenge for most OECD countries. Despite major efforts to address this issue, the efficiency and effectiveness of many existing active labour market policies are limited for jobseekers who face major vulnerabilities and have no ties to the labour market. Therefore, there is a need for innovative approaches that specifically address the barriers faced by long-term unemployed individuals in their labour market (re)integration. This paper discusses examples of promising practices from across Europe, which can serve as a source of inspiration for policymakers seeking new approaches to assist vulnerable jobseekers in overcoming the challenge of long-term unemployment.

The December job report came out this morning. According to the report unemployment rate sits at 3.7%. We can be assured that Biden will tout this number, but where are jobs coming from - Government and Social assistance. Government employment increased by 52,000 in December. Employment continued to trend up in local government (+37,000) and federal government (+7,000). Government added an average of 56,000 jobs per month in 2023, more than double the average monthly gain of 23,000 in 2022. Employment in social assistance rose by 21,000 in December, mostly in individual and family services (+17,000). Social assistance employment rose by an average of 22,000 per month in 2023, little different than the average increase of 19,000 per month in 2022.

🔈 According to Georgian PM, the number of unemployed has decreased by 50,600 As Georgian Prime Minister Irakli Kobakhidze said on Monday, the number of unemployed individuals in the country had decreased by 50,600 people, down to 228,600. According to Kobakhidze, the National Statistics Office published data reporting “positive dynamics” in employment indicators, for example, the decrease of unemployment in the first quarter to 14 percent, from 18 percent in the same period of 2023. As the Government head added, the number of employed individuals had marked a 10.4 percent increase with the rise by 89,400 and reached 953,000 in total. The number of the self-employed had also risen by 40,500 and attained approximately 448,000. Kobakhidze highlighted a positive impact of strong economic growth on employment indicators and a reduction in unemployment and the importance of maintaining the “positive” momentum.  [agenda.ge] #Georgia #Consulting #services #Employer #EmployerOfRecord

Along with unemployment, there are two more components consisting of the under-utilised workforce: time-related underemployment and potential labour force. #bangladesh #businessnews #economy #workforce

Key Highlights in Union👥 𝐁𝐮𝐝𝐠𝐞𝐭 𝟐𝟎𝟐𝟒 for Job💼 Seekers The Union Budget is a crucial financial document that significantly influences India's economic and social landscape. Annually set by the Union Finance Minister, it outlines essential statistics and benefits for various groups, forming the foundation of the country's economy. Table of Contents👇 ▪️About Union Budget 2024 For Job Seekers ▪️Green Signals to Start New Startups ▪️Tax Slab for the Job Seekers ▪️Support for the Rural India ▪️Support for the Gig Economy ▪️The Focus is on Better Education and Research ▪️Women’s Employment Programmes Explore in Detail: https://lnkd.in/guVue57N #PlacementIndia #UnionBudget2024 #JobSeekers #StartNewStartups #TaxSlab #RuralIndia #GigEconomy #EducationandResearch #WomensEmploymentProgrammes #JobOpportunities #UnionFinanceMinister #NirmalaSitharaman #FresherJobs #CareerTips #PlacementSolutions #RecruitCandidate

ECONOMIC OUTLOOK: U.S. UNEMPLOYMENT SLIGHTLY INCREASED TO 3.9% IN OCTOBER 2023. Only 150k non-farming jobs were created, while 6.5M workers were unemployed. Here is the latest job report just released by the Bureau of Labor Statistics. #economy #economicimpact #economicoutlook #worker #workforce #employee #employment #unemployment #labormarket #labor #jobs #jobmarket #jobreport #growth #decline #recession #inflation #deflation #outlook #2023outlook #usa #unitedstates #america

The issues of #LaborSupply and demand are intrinsically linked. Our predicament stems from the absence of a #MinistryOfEmployment focused on evaluating policies based on their effectiveness in reducing unemployment or #CreatingJobs. Read more https://lnkd.in/dPMAJTrP