Applications for unemployment benefits in the US declined last week, reflecting continued strength in the labour market despite broader economic uncertainty around tariffs.According to data released by the Labor Department on Thursday, jobless claims for the week ending June 28 fell by 4,000 to 233,000. The figure came in below analyst expectations of 241,000, AP […]
India’s textile sector may gain a competitive edge in the global market due to rising labour costs in Vietnam and ongoing political instability in Bangladesh, two of its key export rivals, according to a report by Systematix Research. The report, however, highlighted that the near-term outlook for the sector remains challenging. Tariff-related uncertainties may force […]
US President Donald Trump said the United States will receive magnets and rare earth minerals from China under a new deal, even as tariffs on Chinese goods are set to rise to 55%. The development comes amid renewed scrutiny over supply chains tied to China’s Xinjiang region, where human rights groups allege the use of […]
NEW DELHI: The Telangana Gig and Platform Workers’ Union (TGPWU) has raised concerns with the state’s Labour Department regarding alleged “exploitative practices” by Zepto. The quick commerce platform has denied these allegations.In a letter to officials and Zepto’s CEO, the union claimed workers are denied basic labour protections despite their key role in deliveries. Zepto […]
The number of Americans filing for first-time unemployment benefits fell more than expected last week, signalling ongoing resilience in the labour market even as warning signs mount from escalating trade tensions and economic uncertainty.Initial jobless claims dropped by 13,000 to a seasonally adjusted 228,000 for the week ending May 3, according to the US Labour […]
Representative AI image (Credit: Meta AI) Tourism in China saw a notable rise with increased consumer spending during the five-day Labour Day holiday; however, Chinese social media users questioned these statistics, citing various economic issues and declining exports, according to Radio Free Asia (RFA), quoted by ANI.According to China’s ministry of transport data, daily cross-regional […]
The US nonfarm payroll employment rose by 177,000 in April, while the unemployment rate remained unchanged at 4.2 percent, according to the latest report from the US Bureau of Labour Statistics. Employment continued to trend up in health care, transportation and warehousing, financial activities, and social assistance, although federal government employment declined as businesses navigated […]
Happy Labour Day 2025: International Workers’ Day, commonly known as Labour Day in many countries and also referred to as May Day, is an annual observance dedicated to honouring workers and the working class. Supported by the global labour movement, it is celebrated each year on May 1 or, in some regions, on the first […]
New Delhi, Delhi, India: Highlights: The study ‘Income Inequality and Labour Markets in India’, prepared by the Institute for Competitiveness, was released on April 29, 2025. It is an update on ‘The State of Inequality in India Study’, which was released by Dr Bibek Debroy (EAC-PM) in 2022. […]
Representative image (Picture credit: AP) Commercial plane prices are set to rise as aviation giants are facing added pressure amid US President Donald Trump’s tariff push against global trade.The cost of planes has already soared by about 30 per cent since 2018, largely due to post-pandemic supply chain issues and rising input costs. Additionally, materials […]
