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Business Standard
5 days ago
- Business
- Business Standard
Youth unemployment rises to 15.3% in June, labour participation dips
The unemployment rate among youth (15–29 age group) rose for the second consecutive month to 15.3 per cent in June from 15 per cent in May, even as they showed lesser enthusiasm to work during the month, the latest monthly Periodic Labour Force Survey (PLFS) data released by the National Statistics Office (NSO) on Tuesday showed. The increase in youth unemployment during June was sharper in urban areas—rising to 18.8 per cent from 17.9 per cent in May—than in rural areas, where it edged up to 13.8 per cent from 13.7 per cent. The NSO measures unemployment in Current Weekly Status (CWS) terms, wherein the activity status is determined based on a reference period covering the seven days preceding the date of survey. A person is considered unemployed during the week if they did not work even for one hour on any day of the reference week but sought or were available for work for at least one hour on any day during that week. The labour force participation rate (LFPR) among youth—which measures the share of people either working or looking for work—declined to 41 per cent in June from 42.1 per cent in May. In rural areas, the figure dropped to 41.1 per cent from 42.7 per cent, while in urban areas, it remained unchanged at 40.8 per cent. Meanwhile, for individuals aged 15 years and above, the jobless rate remained unchanged at 5.6 per cent in June. While unemployment in rural areas declined to 4.9 per cent from 5.1 per cent in May, it rose in urban areas to 7.1 per cent from 6.9 per cent. The female unemployment rate declined marginally to 5.6 per cent from 5.8 per cent in May. Male unemployment remained steady at 5.6 per cent. 'The decrease in the unemployment rate for rural areas for both male and female can be attributed to an increase in the share of own-account workers in June 2025 compared to May 2025, along with a reduction in the number of unemployed persons,' said a statement by the labour ministry. The LFPR for people aged 15 years and above stood at 54.2 per cent in June, compared to 54.8 per cent in May. 'The marginal decline in LFPR and WPR in June 2025 was largely influenced by seasonal agricultural patterns, intense summer heat limiting outdoor physical work, and a shift of some unpaid helpers, particularly from higher-income rural households, towards domestic chores,' the statement said. The sampling methodology of PLFS has been revamped by the NSO from January 2025 to enable estimation of key employment and unemployment indicators on a monthly basis for both rural and urban areas using the CWS method at the all-India level. The new methodology also aims to extend the quarterly results of PLFS to rural areas and to estimate key indicators using both the Usual Status (ps+ss) and CWS approaches for rural and urban regions annually. Among the key changes in methodology is the adoption of a rotational panel sampling design. Under this, each selected household is visited four times across four consecutive months—starting with the first-visit schedule in the first month, followed by three re-visits in subsequent months—in both rural and urban areas.
Time of India
5 days ago
- Business
- Time of India
Jobs tracker: Unemployment steady at 5.6% in June; youth, urban distress up; rural female participation dips
India's unemployment rate stayed flat at 5.6% in June, mirroring the level seen in May, according to data released Tuesday by the Ministry of Statistics and Programme Implementation. This reading is slightly higher than April's 5.1%, based on the latest Periodic Labour Force Survey (PLFS) under the Current Weekly Status (CWS) approach. The CWS figures reflect employment status over the seven days preceding the survey and aim to capture real-time trends in the labour market, PTI reported. The overall rate of unemployment for men and women remained unchanged at 5.6% in June. However, a closer look at age-based data revealed that the 15-29 age group saw a marginal increase in joblessness, rising to 15.3% in June from 15% in May. Urban-rural divide widens as youth joblessness grows Unemployment in urban India climbed to 18.8% in June, up from 17.9% a month earlier. In rural areas, the rate nudged up slightly to 13.8% from 13.7% in May. Among young women aged 15-29, the jobless rate rose sharply to 17.4% in June, from 16.3% the previous month. For young men, the increase was more modest, from 14.5% to 14.7%. The report attributed a decline in rural unemployment among both genders to a rise in own-account work — informal, self-initiated activities such as small trade or repair work — which often increase due to seasonal demand. This shift was especially evident among women, who moved out of unpaid agricultural roles into domestic responsibilities, reducing their workforce participation. In cities, however, female joblessness in the 15-29 age bracket spiked to 25.8% in June from 24.4% in May. Among men, the same group saw an increase from 15.8% to 16.6% in urban areas, while rural joblessness among young males declined from 14% to 13.8%. Labour force participation and work ratio soften amid seasonal changes Labour Force Participation Rate (LFPR) for those aged 15 years and above slipped to 54.2% in June from 54.8% in May. Rural LFPR stood at 56.1%, while in urban areas it was lower at 50.4%. Male LFPR declined marginally in both rural (to 78.1%) and urban (to 75%) segments. Among rural women, LFPR was 35.2% in June. According to the ministry, the overall dip in LFPR and Worker Population Ratio (WPR) can be attributed to intense summer heat, agricultural seasonality, and a shift of unpaid rural helpers—particularly in affluent households—toward domestic tasks. The WPR, representing the share of employed individuals in the total population, fell to 51.2% in June from 51.7% in May. In rural India, the WPR stood at 53.3%, while it was 46.8% in urban regions. Female WPR was 33.6% in rural areas and 22.9% in urban locales, with a combined female employment rate of 30.2% nationally. Agricultural employment among rural women edges lower The share of rural female workers engaged in agriculture declined from 70.2% in May to 69.8% in June. The report suggested this may reflect falling rural inflation and lower demand for labour in farming sectors. To strengthen high-frequency labour metrics, the government revamped the PLFS sampling design in January 2025. For the quarter ending June 2025, data was collected from 7,520 first-stage units. In total, 89,493 households were surveyed—49,335 in rural areas and 40,158 in urban zones—covering 3,80,538 individuals (2,17,251 rural and 1,63,287 urban). Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
USA Today
7 days ago
- Sport
- USA Today
Why is MLB draft held midseason? Draft coincides with end of college baseball season
This week, Major League Baseball's 30 teams will select the players they hope will one day lead them to World Series glory during the 2025 MLB Draft in suburban Atlanta. The event, which runs this year from July 13 and 14, is something of an oddity among the major American professional sports leagues. For one, MLB teams have extensive minor-league systems in which a prospect will work their way through, meaning that, unlike the NFL and NBA, it could very well take even a top draft pick years before they make it to the majors. Perhaps the biggest distinguishing characteristic isn't with the draft itself, but when it takes place. REQUIRED READING: MLB All-Star Game rosters 2025: Injury replacements, starters, pitchers and reserves Since its inception 60 years ago, the MLB draft has been held in the middle of the ongoing season rather than after it, as is the case with the NFL, NBA and NHL. Why is that? Here's a closer look at why the MLB draft is held midseason: Why is the MLB Draft held midseason? In three of the four major American professional sports leagues — NFL, NHL and NBA — the draft is held after the season is complete and a champion has been crowned. The 2025 NBA Draft began on June 25, three days after the Oklahoma City Thunder beat the Indiana Pacers in Game Seven of the NBA Finals. The Stanley Cup Finals wrapped up 10 days before the NHL held its draft. In the NFL, that gap is even more pronounced, with nearly three full months separating the Super Bowl and the NFL draft this year. MLB, though, is staging its draft more than halfway through the regular season this year, and has held the event in the middle of the regular season every year since the first MLB amateur draft in 1965. While unusual among major American sports, the arrangement makes sense. Due to the eligibility rules governing who can be selected, the MLB draft is overwhelmingly made up of college and high school players. The college baseball season, which begins in February and ends in June with the College World Series, doesn't align in the same way that the NFL and college football seasons and NBA and college basketball seasons largely do, with the World Series concluding in late October. High school baseball seasons, too, have wrapped up by the time the CWS comes to a close. The MLB draft accommodates that timeline, with college players getting drafted at least a few weeks after their seasons have wrapped up, even though the MLB season won't end for another three months. It wasn't always that way. For much of its history, the MLB draft took place in early or mid-June, before the CWS ended. That changed in 2021, when leaders in baseball moved the draft back to July to coincide with the MLB All-Star Game. In each of the past five years, the draft has been held in the same city as the All-Star Game, with this year's festivities taking place in Cumberland, Georgia, across the street from Truist Park, the home venue of the Atlanta Braves and the host site of the 2025 MLB All-Star Game. The shift was beneficial for both MLB and its incoming players. For professional baseball, it was a chance to more effectively market draft prospects as potential future stars of the sport and bring and extend the spotlight of the Midsummer Classic to the draft. In recent years, the draft has begun the day after the annual MLB Futures Game and wrapped up the day of the All-Star Game (this year, it will finish the day before the All-Star Game). Additionally, the break between the end of the CWS and the draft gives clubs more time to scout and research players they're interested in selecting. For players, it guaranteed them at least the opportunity to attend the draft. Under the previous calendar, if a prospect's team was playing deep into the CWS, they were unable to be there in person to hear their name called. REQUIRED READING: MLB mock draft 2025: Will College World Series shake things up in first round? When is the 2025 MLB Draft? The 2025 MLB Draft will take place from July 13-14. The first night is scheduled to begin at 6 p.m. ET, with the first 43 selections airing live on ESPN and MLB Network. After those, only MLB Network will be providing live coverage of the picks. The first day will include the first three rounds of the draft, as well as compensatory rounds, competitive balance rounds and prospect promotion incentive selections. The second day will include rounds 4 through 20 and will be streamed on beginning at 11:30 a.m. ET.
Yahoo
09-07-2025
- Business
- Yahoo
How Much Should You Have Saved for Retirement If You Live To 100
Planning for retirement requires an effective strategy that covers everything, including inflation, long-term healthcare, vacations, debt, the uncertainty of Social Security, taxes, the unexpected and living expenses. What makes it even more challenging is people are now outliving their savings because life expectancy is longer. Trending Now: For You: According to a new survey from Allianz Life, 64% of Americans, mostly Gen Xers, worry more about not having enough money to cover their lifetime than they worry about dying. While many fear about running out of money in retirement, only 23% have addressed this concern with a professional financial advisor, per the survey. 'If we knew the date we were no longer walking the Earth, we could plan to have enough money to last so the last check you write in this world goes to the Undertaker,' said Eric Mangold, certified wealth strategist (CWS) and founder of Argosy Wealth Management. To accordingly plan for your golden years, here's how much you should have saved if you lived to 100 per Mangold. There's many approaches to saving for retirement, but one method Mangold stands by is saving 15% of your income. 'I don't focus a number and how much to have ready for retirement but one should be saving at least 15% of their income every year towards their retirement,' he said. Mangold explained the 15% of income strategy should determine how much guaranteed income is going to come in through revenue like pensions, Social Security and annuities. 'How much of your retirement expenses will that cover?' he asked. 'If there is a shortfall there, then we can turn to investments to make up the difference.' Learn More: The average lifespan in the U.S. is now 78.4 years, per the National Center for Health Statistics,however, the amount of Americans living past that age is growing. 'With people living longer, we have to plan for what may be a 30 or even 40 year retirement — that means the income must keep coming in,' Mangold explained. 'I use that term income on purpose because it's not about how much you have saved, it's how much income will it produce for you and for how long.' According to Mangold, many retirees don't have an asset problem, but they do have an income problem. 'It's imperative that people employ a strategy that puts income in their pocket each month, regardless of how long they live, regardless of what the market does, where inflation is, what geopolitical events are going on, etc.,' he said. The 4% rule is a popular recommendation for retirement but it isn't always the best approach. The guideline states you can withdraw 4% of your total investments each year, but Mangold said to ensure adjustments for inflation so you won't run out of money after more than 30 years of retirement. With that in mind, the strategy has been recalculated and isn't foolproof. A Morningstar report states one could employ the 4% rule and have a 90% chance of not running out of money is 3.7%, which are not good odds for Mangold. 'If you were going to get on a plane, and there was a 90% chance you would land safely, would you still fly?' he asked. 'The 4% rule may be lower in order to account for unplanned market events.' There's many paths to retirement, but working with a trusted financial professional to navigate the challenges and coming up with a projection and income analysis 'can be a prudent move so you know exactly how much money you will need on day one of your retirement, as well as potentially year 40 of your retirement,' said Mangold. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 8 Common Mistakes Retirees Make With Their Social Security Checks 6 Popular SUVs That Aren't Worth the Cost -- and 6 Affordable Alternatives This article originally appeared on How Much Should You Have Saved for Retirement If You Live To 100 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hindustan Times
06-07-2025
- General
- Hindustan Times
Two ‘ghosts' in a VIP bedroom
The Common Wolf snake (CWS) is frequently encountered in houses where it feeds on skinks and an abundance of lizards. A Wolf snake swallows a House lizard. (Rahul Jethi) Last week, two surfaced in a first-floor room of a VIP bungalow in Chandigarh. The bedroom had not been used for a few weeks and as its wont, nature will occupy the ensuing vacuum. When the bedroom was being readied for reuse, and Baygon and other sprays used to drive out insects/lizards, a horror story unfolded. The next morning householders discovered two CWS in the bedroom, which were adversely affected by sprays. The two dizzy serpents had deserted their hiding places. While the snakes were rescued and released, their presence impacted the householders' peace of mind, who went into overdrive to 'seal' the house. The CWS mimics the Common krait in appearance, and the latter is highly-venomous and also frequents homes at night. But the CWS is non-venomous and its bite is actually less harmful to humans than that inflicted by say, a beloved dog, an irate monkey or a pesky rat. But such is the negative association of snakes in the human mind --- regardless of their venom potency --- that the mere surfacing of a non-venomous species is enough to send shivers and occasion nightmares. Sleep can remain disturbed in a snake-visited house, for any swish of the sheets at night or a movement occasioned innocently by the ceiling fan, may be mistakenly interpreted as a serpent's creeping advance. Like the krait, the CWS in a large house is like a phantom, a ghost, so difficult to find. It has adapted to hiding places such as cracks in unplastered, crevice-strewn brick walls, electricity switch boards and letter boxes. These are spots where lizards take refuge. Such snakes can snuggle between mattresses during the day. The CWS will surface at night for hunting lizards when it senses that householders are asleep. Similarly, a krait was discovered in a Sector 15 house by chance as the householders had hosted a party and gone to sleep late, thereby surprising the serpent which had come out to hunt at its 'usual time'! It is important to distinguish between CWS and the blackish krait. According to the Indian Snakebite Initiative, the CWS is 'dark chocolate brown or black with milky white bands at regular internal which go faint on the posterior body in adults. A milky white or off-white collar is always present on the neck which is an important characteristic to differentiate it from kraits.' Male bullfrogs in breeding attire at village Padol. (Dr Rajiv Narwal) Romancing the Basanti Dadoo It was rain, pouring, into his black eyes. It was romancing the monsoons. As if from thin air, a multitude of Indian bullfrogs (the largest species of frog in our country) had materialised in a pond of a peripheral village of Chandigarh. 'The rhythmic croaks filled the damp air, adding a unique charm to the monsoon atmosphere. Their sudden appearance, jumping around in puddles and hiding in the wet grass, reminded me how rain breathes life into nature. It was a simple yet refreshing sight that brought me closer to the beauty of rural life and the wonders of the rainy season,' recalled wildlife photographer, Dr Rajiv Narwal, who holds charge of the Sub-divisional Civil Hospital (Kalka). Male bullfrogs effect a remarkable change to attract females as monsoons herald breeding season. Males change to a golden, lemony colour and sport bulging, cobalt-blue vocal sacs, which inflate and deflate rhythmically. Thus, have they acquired the quaint, charming title of 'Basanti Dadoo' in tolerant, indigenous cultures. The female of the species, which is larger than the male, retains her mottled, jungle warfare fatigues cast in grey, green and brown and marked with spots and bars. vjswild2@
