Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September. Wednesday’s report from the Labor Department showed that consumer prices rose just 0.2% from June to … Read more
WASHINGTON: America’s employers posted 9 million job openings in December, an increase from November and another sign that the US job market remains resilient despite the headwind of higher interest rates.The number of openings was up from November’s 8.9 million, which itself was revised up in Tuesday’s report from the government. Job openings have gradually … Read more
HYDERABAD: Just 10% of the 15 lakh engineers graduating in this fiscal are expected to land a job as businesses grapple with the global economic downturn, and IT companies reduce fresher hiring by 35-40% as compared to the previous fiscal, a study said.Hiring of engineering graduates is set to hit the pre-pandemic levels with 1.6 … Read more
India Inc‘s hiring sentiment for the first quarter of the New Year is the highest among 41 countries, according to a global survey. However, within the country, the job marketis expected to remain stagnant compared to the previous quarter. In a recent ManpowerGroup Employment Outlook Survey, 49% of 3,150 Indian employers from various regions and … Read more
BENGALURU: In the middle of last year, IT employees were trading multiple job offers and ghosting employers after signing offer letters. The period from early 2021 to about the middle of 2022 was every HR executive’s nightmare. Today, it’s the exact opposite – it’s a job keeper’s market. Employee attrition rates have fallen by a … Read more