Topic
unemployment
Business India's June Jobless Rate Holds at 5.5% as Female Unemployment Rises, Participation Slips
India's overall unemployment rate remained unchanged at 5.5% in June, according to the latest NSO PLFS data. However, female unemployment rose to 5.9% from 5.6%, while the female labour force participation rate slid for the fourth consecutive month to 32.7% due to a sharp decline in rural areas. Male unemployment edged down to 5.3%.
Business US Adds Just 57,000 Jobs in June as Hiring Slump Signals Cooling Labor Market
The US added only 57,000 jobs in June, far below May's revised 129,000, signaling a loss of hiring momentum. Unemployment eased to 4.2%, but labor force participation fell. Sector performance diverged sharply, with leisure and hospitality losing 61,000 jobs while professional services and healthcare added. The Federal Reserve held rates at 3.5-3.75% as inflation remains above target.
Business Navigating Credit: How Lenders Assess New Borrowers
Lenders face challenges evaluating new-to-credit customers due to lack of credit history. Existing bank relationships and job stability play crucial roles in credit approval. Recent grads face higher unemployment, impacting creditworthiness.