data

The Modi government says it has no data on migrant jobs lost to Covid-19

The Indian government has denied having any data that can clearly say how many migrant workers lost their jobs to the pandemic.

Three members of parliament asked India’s labour and employment ministry today (Sept. 14) “whether the government has done any assessment of the job loss among migrant workers due to the Covid-19 crisis, and if so, the details thereof.” To this, Santosh Gangwar, minister of state for the labour and employment, responded that the government maintains “no such data.”

This response (pdf) on the first day of the much-delayed monsoon session of parliament comes in the backdrop of widespread job loss, especially among India’s internal migrants. According to a World Bank report in April, India’s coronavirus lockdown impacted nearly 40 million migrant jobs in India. This was particularly exacerbated when India went into an over two-month harsh lockdown on March 25, one of the strictest in the world.

India’s

Read More

Better-Than-Expected Jobs Data for August

In the morning following the biggest market pullback in nearly 3 months, early trading indexes swung to the positive on a better-than-expected Employment Situation from the U.S. Bureau of Labor Statistics (BLS) non-farm payroll survey for August. A total of 1.37 million jobs were generated last month, topping the 1.2 million analysts were expecting. The Unemployment Rate fell to a much-lower-than-anticipated 8.4%, well off the 9.8% expected and 10.2% reported for July.

The private sector brought in 1.027 million jobs in August, meaning the government had a rather extraordinary bump of 344K positions created, 251K on the federal side — likely related to the 2020 census positions (which can be expected to start rolling off in future months). This marks the single-largest group of new jobs last month, followed by the 248K from Retail Trade. Leisure/Hospitality brought in 174K, and Education/Health Services had 147K.

Importantly, the Temporary Layoff composite for

Read More

UK financial job vacancies shrink by 60% in second quarter- data

* Number of financial job-seekers falls by 32% in Q2

* Vacancies rebound in June after sharp fall in April

* Average salary change in Q2 rises to 13% after May rally

LONDON, July 15 (Reuters) – The volume of UK financial sector job vacancies dropped by 60% in the quarter to end-June, data on Wednesday showed, as the COVID-19 pandemic inflicted fresh injury to a labour market already reeling from restructuring and Brexit.

The latest Morgan McKinley Spring London Employment Monitor, which details hiring trends across Britain’s financial industry, showed the number of job-seekers fell by almost a third in the three month period from April, with available jobs plunging by 72% year-on-year in that month alone.

The latest figures follow a rapid slowdown in hiring seen in March, when the number of available jobs dropped by 38% compared with February.

The early part of the April-June quarter was

Read More

UK financial job vacancies shrink by 60% in second quarter: data

LONDON (Reuters) – The volume of UK financial sector job vacancies dropped by 60% in the quarter to end-June, data on Wednesday showed, as the COVID-19 pandemic inflicted fresh injury to a labour market already reeling from restructuring and Brexit.

FILE PHOTO: Workers wearing face-masks travel through the Waterloo Station during the morning rush hour following the coronavirus disease (COVID-19) outbreak, in London, Britain, July 6, 2020. REUTERS/Toby Melville

The latest Morgan McKinley Spring London Employment Monitor, which details hiring trends across Britain’s financial industry, showed the number of job-seekers fell by almost a third in the three month period from April, with available jobs plunging by 72% year-on-year in that month alone.

The latest figures follow a rapid slowdown in hiring seen in March, when the number of available jobs dropped by 38% compared with February.

The early part of the April-June quarter was dominated by government-imposed lockdowns to

Read More