Trusted News Discovery Since 2008
{{/content}}
India's growing 'Modi-made' economic crisis continues to spiral out of control: Congress on 'rising' unemployment rate
Credit: IndiaTimes- Published on November 2, 2023
Congress has criticized Prime Minister Narendra Modi for the rising unemployment rate in India, calling it his enduring legacy. The party cited data from the Centre for Monitoring Indian Economy Ltd., which showed that the jobless rate has reached a more than two-year high. Congress general secretary Jairam Ramesh claimed that...
Video credit: Wibbitz Top Stories
Published on November 3, 2023 - 01:30
US Job Growth Cooled in October
US Job Growth , Cooled in October.
In its payroll report released on Nov. 3,
the Labor Department said 150,000 jobs
were added by employers in October.
The number fell short of economists'
expectations of 180,000 jobs, Fox News reports.
The unemployment rate rose to 3.9%,
which was unexpected.
That percentage represents the
highest unemployment rate in almost
two years, according to Fox News.
Winter cooling is hitting the labor
market. Employers and employees
are hunkering down for cooler months
with hiring solid yet stabilizing, Becky Frankiewicz, chief commercial officer
of ManpowerGroup, via Fox News.
Average hourly earnings rose 0.2%
for the month, which was below estimates. .
The overall weakening in
employment demand and wage
growth supports our view that the
Fed is done raising rates for this cycle, Kathy Bostjancic, Nationwide chief economist, via Fox News.
Moreover, it supports our forecast
for a mild recession to unfold
in the first half of 2024, Kathy Bostjancic, Nationwide chief economist, via Fox News.
The latest jobs report suggests that cracks are
beginning to appear within the historically-tight
labor market, according to Fox News.
The October jobs report showed
a clear softening in labor market
conditions with markedly slower hiring,
cooling wage growth, an uptick in the
unemployment rate and a shorter workweek, Lydia Boussour, EY chief economist, via Fox News.
Looking ahead, we foresee softer
labor market conditions with further
hiring freezes and strategic resizing
decisions along with some continued
moderation in nominal wage growth, Lydia Boussour, EY chief economist, via Fox News
You are here
💡 newsR Knowledge: Other News Mentions
United States Congress
Legislative branch of U.S. government
Controversy over final voter turnout data in ongoing Lok Sabha election phases, with Election Commission's explanation now in Supreme Court. Questions raised by..
Credit: IndiaTimes - Published 7 hours ago
A furious row broke out in the US Congress after a politician accused a rival of not reading something correctly because her "fake eyelashes" had got in the way.
Credit: Sky News - Published 9 hours ago
Credit: IndiaTimes - Published 11 hours ago
Congress is truly devolving into an episode of the "Jerry Springer Show" -- 3 notable legislators went back and forth trading nasty insults during an official..
Credit: TMZ.com - Published 16 hours ago
Narendra Modi
Prime Minister of India since 2014 (born 1950)
MVA leaders criticize PM Modi at INDIA bloc's BKC rally. Thackeray accuses BJP of fear-mongering and Kejriwal of insulin denial. Pawar warns of losing voting..
Credit: IndiaTimes - Published 6 hours ago
Amit Shah pushes Modi's re-election, India's growth, and Odisha's development. Patnaik challenges BJP's Odisha promises. VK Pandian defends Naveen babu...
Credit: IndiaTimes - Published 6 hours ago
Credit: IndiaTimes - Published 7 hours ago
PM Narendra Modi challenges opposition's 'Hindu-Muslim narrative' allegation, exposes their communal mindset at a rally in Barabanki. Mentions BR Ambedkar,..
Credit: IndiaTimes - Published 7 hours ago
Jairam Ramesh
Indian politician
Asserting that the BJP and BJD represent two sides of the same coin, Jairam Ramesh accused the BJD of tacitly supporting the Modi government's policies while..
Credit: DNA - Published 3 days ago
Credit: IndiaTimes - Published 4 days ago
Credit: IndiaTimes - Published 4 days ago
Jairam Ramesh criticized PM Modi for wealth transfer, affecting India's household savings. Real savings hit lowest levels since 2014. Economic disparities..
Credit: IndiaTimes - Published 1 week ago
Jairam Ramesh criticized PM Modi for wealth transfer, affecting India's household savings. Real savings hit lowest levels since 2014. Economic disparities..
Credit: IndiaTimes - Published 1 week ago
Mahatma Gandhi National Rural Employment Guarantee Act, 2005
Indian worker law
Gandhi claimed that the Modi government has waived loans amounting to Rs 16 lakh crore for a handful of top industrialists, equivalent to 24 years of..
Credit: IndiaTimes - Published 5 days ago
Related videos from verified sources
Labor Market Remains Strong as Unemployment Claims Continue to Fall 01:31
Credit: Wibbitz Top Stories - Published on November 22, 2023
US Job Market Stayed Strong In September Despite Fed's Rate Hikes 01:31
Credit: Wibbitz Top Stories - Published on November 1, 2023
Related news from verified sources
Congress has criticized Prime Minister Narendra Modi for the rising unemployment rate in India, calling it his enduring legacy. The party cited data from the...
on November 2, 2023 • IndiaTimes
Congress President Mallikarjun Kharge criticized the ruling Bharatiya Janata Party (BJP) for the rising unemployment rate in India. He referred to data from...
on November 2, 2023 • IndiaTimes