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.
Denne historien er fra August 2020-utgaven av Outlook Money.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra August 2020-utgaven av Outlook Money.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Guide To Build Your MF Portfolio
There are ‘n’ number of funds to choose from and one has to scrutinise several factors, besides just past returns, to make a bouquet of funds that best aligns to one’s goals
Self Image: Ticket To Success?
Your capacity for success will be altered according to the image you have of yourself. So, set it on the right trajectory to move to a higher level
What Budget 2024-25 Means For You
Finance Minister Nirmala Sitharaman announced a few changes in the new tax regime, while leaving the old one untouched. The government also increased taxes on long-term capital gains. We decode what the Budget means for you
Factor Investing In Mutual Funds
A blend of active and passive fund management approaches, factor investing offers diversification, but investors should ensure these factors align with their goals and risk profiles
Mistakes to Avoid in the Retirement Planning Stage
Not starting early, not looking at retirement planning holistically and not consulting a financial advisor are among the top mistakes one should avoid
Asset Allocation Is Akin To Picking A Cricket Team; Here's Why
Judicious asset allocation will enable you to generate maximum gains and achieve different goals at different intervals by effectively positioning them according to the market situation.
EMI VS SIP Debate: Which Path Aligns with Your Financial Goals?
Although EMls may seem initially manageable, the final cost can be much higher; SIPs, on the other hand, focus on capital appreciation through marketlinked investments rather than capital repayment.
Mutual Fund SIP: Tool to Make The Impossible Possible
A mutual fund systematic investment plan allows you to reinvest the interest earned into the fund, thus helping you to build a big corpus even with small contributions over the long term.
Why are Manufacturing Funds Worthy of Your Portfolio?
India's manufacturing sector greatly impacts fields like logistics and maintenance, making this thematic fund a strong addition to your investment portfolio.
How To Help Your Ageing Parents
Experts discuss how financial conversations with parents need a big dose of sensitivity, and highlighted the needs of seniors to help those caring for their parents
