Unemployment

London jobless rate at 4.4%

Graph
BBC

Unemployment in London was 4.4% in the first three months of the year, figures from the Office for national Statistics has revealed.

The UK’s overall unemployment rate has fallen to 3.8%, its lowest since late 1974.

Read more here.

Can India create enough jobs?

How much of a problem does India have with unemployment?
One of the biggest election issues in India is unemployment.

A controversy erupted recently over a leak of government jobs data that suggested unemployment in India is at a 45-year-high – a worrying situation, considering the millions of Indian youth entering the workforce each year. The government disputes these figures and maintains the situation isn’t as bad as it seems.

So, the question is: Are there enough jobs? And for those who are employed, are the jobs suitable to their qualifications?

Most of India’s workforce is still in the informal sector, with irregular wages and no social protection. How can the situation here be improved? 

How have policies to promote job creation through entrepreneurship, upskilling and manufacturing fared?

And how does the future look – are automation and machine learning eventually coming for all of us?

Presenter: Devina Gupta

Contributors: Sabina Dewan, president and executive director, JustJobs Network; Dr Seema Sharma, consultant, ICRIER (Indian Council for Research on International Economic Relations); Varun Aggarwal, co-founder, Aspiring Minds

Economic snapshot

Today Programme

BBC Radio 4

jobs centre sign
PA

Economic data this week will show the state of the jobs market in the UK (today) and the rate of inflation (tomorrow). The UK has highest the rate of employment since 1971.

Sarah Hewin of Standard Chartered told BBC Radio 4's Today Programme that she was expecting another "good" jobs report for the UK. She expects around 180,000 jobs to have been created in the three months to February, an unemployment rate of 3.9% and wage growth of around 3.5%.

So inflation should be rising? But it has been coming down, she says, "partly it's because we've seen changing energy prices... wage growth has been relatively subdued up until recently".

"Economists have been scratching their heads about why you have a situation [which is also the case in the US], where you have very low levels of unemployment and yet wage growth hasn't been particularly strong."

There may be a time lag, she says, but no one is expecting sustained interest rate rises in the coming years.

Breaking49-year low for US jobless claims

US jobless claims fell 10,000 to 202,000 in the week ended 30 March.

"This is the lowest level for initial claims since December 6, 1969 when it was 202,000," the US Labor Department said.

The figures measure people filing in applications for unemployment benefit.

US private job data

Jobs hiring sign
Reuters

Key US employment data is due on Friday when non-farm payrolls are published.

Before then, a private payrolls company ADP has published data showing 129,000 jobs were added by private employers in March - less than economists expected and the lowest since September 2017.

Training Britons to take the jobs EU migrants are leaving
The firms training thousands of unemployed people to take the jobs that EU migrants are leaving behind.