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"A Tsunami Is Hitting Labour Market": IMF Chief Warns Of AI's Impact
A tsunami is hitting the labour market and jobs are being both enhanced and replaced by artificial intelligence (AI), Kristalina Georgieva, Managing Director, International Monetary Fund (IMF), has said.
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Over 1,400 Postgraduates, 5 PhDs Applied At Delhi Labour Department
In 2024, Delhi's employment exchange registered 21,000 job seekers, with highest graduates from Arts and Science streams and rising unemployment rate at 2.1%.
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US Fed Cuts Rates For 3rd Time This Year, Flags Labour Market Concerns
A divided US Federal Reserve lowered interest rates Wednesday for a third consecutive time this year, flagging labour-market concerns even as inflation remained elevated amid President Donald Trump's tariffs.
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Bitcoin Price Consolidates Near $93,200 as Crypto Market Recovers From November Slowdown
Bitcoin hovered near $93,200 (roughly Rs. 84.1 lakh) as softer US labour data reinforced expectations of a Federal Reserve rate cut and supported broader market sentiment. Ethereum and major altcoins also posted gains, while analysts highlighted improving liquidity and institutional interest. Bitcoin must hold key support levels to sustain momentum...
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AI Can Replace 12% Of US Workers Today, Warns MIT Study
A new MIT study finds AI can replace nearly 12 per cent of US jobs, impacting sectors like technology, finance, and healthcare.
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New Labour Laws Likely To Generate 77 Lakh New Jobs: Report
The implementation of the government's new labour reforms could significantly boost employment and formalisation in India's labour market over the medium term, highlighted a report by the State Bank of India (SBI).
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Indian Man Is This Country's 'Top Worker'. Here's What He Won In Prize Money
A Kerala man, based in Abu Dhabi, has won the Outstanding Workforce' category at the Emirates Labour Market Awards, one of the UAE's highest recognitions for employees.
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AI To Eliminate 99% Of Jobs By 2030, Warns Top Expert: 'There's No Plan B'
The expert warned that the labour market would collapse as AI tools and humanoid robots make hiring humans uneconomical.
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US Added Just 22,000 Jobs Last Month Amid Donald Trump's Uncertain Economic Policies
US employers added just 22,000 jobs last month as the labor market continued to cool under uncertainty over President Donald Trump's economic policies.
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Need To Assess Impact Of New Technologies On Society: RSS Chief
RSS chief Mohan Bhagwat on Wednesday called for an assessment of the impact of emerging technologies on society and the labour market, saying it must be ensured that they do not impact work opportunities.
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"Labor Market Impact Is Small": Zoho's Sridhar Vembu On AI Taking Over Jobs
Zoho founder Sridhar Vembu noted that while vendors are promising major savings by cutting jobs through AI, "at least so far," the labour market impact has been "small".
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India Needs 7.8% Growth To Become High-Income Country By 2047: World Bank
India will need to grow at an average 7.8 per cent to become a high-income country by 2047, a World Bank report said on Friday.
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Anthropic’s Economic Index Reveals Software Engineering Is Most Impacted by AI
Anthropic introduced the Anthropic Economic Index on Monday to understand how artificial intelligence (AI) is impacting the labour market and the economy. The initial report of the research reveals that software engineering fields are the most impacted by this new technology. The research found the arts, design, sports, entertainment, and media fie...
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Integration Of AI Will Boost Productivity, Quality Of Work: Economic Survey
The incorporation of artificial intelligence (AI) into India's labour market will improve workforce quality, increase productivity, and generate jobs, said the Economic Survey tabled in the parliament on Friday.
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New Zealand Changes Visa Rules To Meet Labour Demands. How It May Affect Indian Migrants
Amid persistent labour market shortages, New Zealand has introduced significant updates to its visa and employment requirements to streamline immigration procedures.
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"A Tsunami Is Hitting Labour Market": IMF Chief Warns Of AI's Impact
A tsunami is hitting the labour market and jobs are being both enhanced and replaced by artificial intelligence (AI), Kristalina Georgieva, Managing Director, International Monetary Fund (IMF), has said.
-
Over 1,400 Postgraduates, 5 PhDs Applied At Delhi Labour Department
In 2024, Delhi's employment exchange registered 21,000 job seekers, with highest graduates from Arts and Science streams and rising unemployment rate at 2.1%.
-
US Fed Cuts Rates For 3rd Time This Year, Flags Labour Market Concerns
A divided US Federal Reserve lowered interest rates Wednesday for a third consecutive time this year, flagging labour-market concerns even as inflation remained elevated amid President Donald Trump's tariffs.
-
Bitcoin Price Consolidates Near $93,200 as Crypto Market Recovers From November Slowdown
Bitcoin hovered near $93,200 (roughly Rs. 84.1 lakh) as softer US labour data reinforced expectations of a Federal Reserve rate cut and supported broader market sentiment. Ethereum and major altcoins also posted gains, while analysts highlighted improving liquidity and institutional interest. Bitcoin must hold key support levels to sustain momentum...
-
AI Can Replace 12% Of US Workers Today, Warns MIT Study
A new MIT study finds AI can replace nearly 12 per cent of US jobs, impacting sectors like technology, finance, and healthcare.
-
New Labour Laws Likely To Generate 77 Lakh New Jobs: Report
The implementation of the government's new labour reforms could significantly boost employment and formalisation in India's labour market over the medium term, highlighted a report by the State Bank of India (SBI).
-
Indian Man Is This Country's 'Top Worker'. Here's What He Won In Prize Money
A Kerala man, based in Abu Dhabi, has won the Outstanding Workforce' category at the Emirates Labour Market Awards, one of the UAE's highest recognitions for employees.
-
AI To Eliminate 99% Of Jobs By 2030, Warns Top Expert: 'There's No Plan B'
The expert warned that the labour market would collapse as AI tools and humanoid robots make hiring humans uneconomical.
-
US Added Just 22,000 Jobs Last Month Amid Donald Trump's Uncertain Economic Policies
US employers added just 22,000 jobs last month as the labor market continued to cool under uncertainty over President Donald Trump's economic policies.
-
Need To Assess Impact Of New Technologies On Society: RSS Chief
RSS chief Mohan Bhagwat on Wednesday called for an assessment of the impact of emerging technologies on society and the labour market, saying it must be ensured that they do not impact work opportunities.
-
"Labor Market Impact Is Small": Zoho's Sridhar Vembu On AI Taking Over Jobs
Zoho founder Sridhar Vembu noted that while vendors are promising major savings by cutting jobs through AI, "at least so far," the labour market impact has been "small".
-
India Needs 7.8% Growth To Become High-Income Country By 2047: World Bank
India will need to grow at an average 7.8 per cent to become a high-income country by 2047, a World Bank report said on Friday.
-
Anthropic’s Economic Index Reveals Software Engineering Is Most Impacted by AI
Anthropic introduced the Anthropic Economic Index on Monday to understand how artificial intelligence (AI) is impacting the labour market and the economy. The initial report of the research reveals that software engineering fields are the most impacted by this new technology. The research found the arts, design, sports, entertainment, and media fie...
-
Integration Of AI Will Boost Productivity, Quality Of Work: Economic Survey
The incorporation of artificial intelligence (AI) into India's labour market will improve workforce quality, increase productivity, and generate jobs, said the Economic Survey tabled in the parliament on Friday.
-
New Zealand Changes Visa Rules To Meet Labour Demands. How It May Affect Indian Migrants
Amid persistent labour market shortages, New Zealand has introduced significant updates to its visa and employment requirements to streamline immigration procedures.
