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First-time filings for unemployment insurance-a proxy for layoffs-came in at 332,000 for the week ending Sept. 11, a rise of 20,000 from the previous week's revised level of 310,000.
"Total labour underutilization is more than twice as high as unemployment, affecting over 470 million people worldwide," according to the International Labour Organization report.
Reports show that the global unemployment rate has risen to 4.0% in June 2018 with an unemployed population of 6.6 million
India's ranking on the World Bank Ease of Doing Business Index jumped a whopping 65 places from 142nd in 2014 to 77th in 2018
Joblessness is at its lowest point since the Great Recession of 2008. For job seekers, this kind of climate creates a "buyer's market," allowing them to be more selective. Candidates want compelling reasons to join and stay with your team.
Most of the announced job cuts were concentrated in the energy sector, which is reeling from low oil prices that have hurt profits.
After surging during the recession, college enrollment is down as high school graduates appear to be choosing work over school.
The unemployment rate is dropping not because more people are finding work, but because more people have stopped looking for work.