While the pandemic has brought a lot of bad news on the health front, news of job losses have also made headlines. The lockdown brought the economy to a grinding halt and that affected jobs to a large extent. Things have slightly improved with Unlock 1 and 2, but it will be a while before the job market is again at pre-pandemic levels.
Says Kamal Karanth, Co-Founder at specialist staffing firm Xpheno, “Unlock 2.0 opened with a slightly moderated enthusiasm in the organised job market, as compared to what was witnessed in 1.0. While June and early July saw a cleanup of some of the long-trailing job openings resulting in lesser active job counts, a slower top-up of new jobs only compounded the situation. An overall 35 per cent reduction in active openings over three-month period should be read in the context of a general slowdown in business activity across sectors.”
He adds that the total active job openings dropped from 200K in April to 167K in May and the closing figures for June was hovering at 132K. Early data indicators for July seem to point towards a climb to similar numbers as of May 2020. If the trend continues for rest of July and sustains for August, we will be possibly looking at the first V-shaped recovery graphs in the job market. We will have to wait a little longer to see if June 2020 was the true dip point in the jobs opportunities graph for now.
この記事は Outlook Money の August 2020 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Outlook Money の August 2020 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Gold ETFs And FoFs
While Indians love to invest in physical gold, even mutual funds offer the option, but in paper format.
PLANNING TO BUY CHILD INSURANCE? THINK TWICE
Child insurance plans combine insurance and investment but often offer low returns due to high costs, making a combination of a term insurance cover and mutual fund a better option for securing your child’s higher education needs
How Do You Define Happiness?
Money does buy happiness, but after a while, the appeal fades. We talk about our relationship with money, but, maybe, it’s time to revisit our relationship with happiness
Avoid Crypto As It Is Highly Volatile
I am 22 years old and have recently started working. I want to invest a small portion of money in cryptocurrency. How should I go about it? Does it require a huge capital investment?
Invest Right, Don't Speculate
The lure of high returns and quick gains from equity tips, cryptocurencies, and equity F&O can be enticing. But remember, return of capital is more important than return on capital
The Wedding & Budget: Is Minimalist Trend The Right Knot For You?
Indian weddings are known for their pomp and grandeur, but minimalist weddings are also in vogue now. Dia Mirza was one such celebrity who went for a minimalist wedding. If you also want to keep things minimal on your big day, here’s how to do it
Here's How To Buy An ETF?
Mutual funds are the preferred choice for retail investors. However, they come at a cost and fund management risk, apart from other risks. A smarter alternative is to invest through ETFs.
How Passive Funds Help Diversify
Passive funds provide a simple way to invest in broad markets as well as in specific themes and sectors, making them ideal for an investor's satellite portfolio
The Rise Of Passive Funds
The popularity of passive funds among retail investors has risen post Covid, and fund houses are out with many variations of ETFs and index funds. Does this category present a new opportunity for investors?
Tax Reforms: What's In Store?
The government is working on reforming the existing Income-tax Act, 1961. The impending reforms have raised many questions in the minds of taxpayers. Will the old regime and deductions be done away with? Will it really simplify your life? What's the need for these reforms? We try to answer these and other questions regarding tax reforms