Unemployment rate rose to 14.7% from just 4.4% in March as the coronavirus pandemic shuttered the global economy

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More than 20 million people in the US lost their jobs in April and the unemployment rate more than trebled as the coronavirus pandemic shuttered the world’s largest economy, triggering a financial crisis unseen since the Great Depression.

The Department of Labor announced Friday that the US unemployment rate rose to 14.7% from just 4.4% in March and a near 50-year low of 3.5% in February before the US was hit by the virus.

U.S. loses record 20.5 million jobs in the month of April; White House National Economic Council Director Larry Kudlow weighs in on ‘America’s Newsroom.’

NCP chief Sharad Pawar has accused Prime Minister Narendra Modi of deliberately maintaining "silence" on issues like suicide by farmers and unemployment while campaigning for the Lok Sabha polls. Addressing a rally at Bhayander in Thane district of Maharashtra Monday night, Pawar said unemployment has gone up manifold since the NDA government came to power in 2014.

The former Union minister alleged that the Modi government lacked policies for ensuring industrial and agricultural growth. He was canvassing for Anand Paranjape who is the NCP candidate from Kalyan Lok Sabha constituency.

"Due to lack of any industrial policy, unemployment has gone up in Maharashtra which is the most industrialised state in the country. Modi government is deliberately not making any attempts to ensure the growth of industries and agriculture," the NCP chief said.

Claiming that as many as 11,990 farmers have killed themselves since the BJP government assumed office, Pawar said the prime minister avoids talking about this reality as well as other issues like farm distress, water scarcity and price rise at hustings. "Modi also keeps mum on the Rafale deal scam. Under Modi regime, institutions like RBI, CBI, supreme court etc. are being undermined," he alleged.

Last week, Pawar lambasted Prime Minister Narendra Modi, saying he is "peeping into the homes of others" as he has no family of his own. Addressisng a poll rally at Partur here Monday, Pawar said Indian Air Force pilot Wing Commander Abhinandan Varthaman was released by Pakistan under pressure from the world community and the Modi government had no role in it.

"I have my wife, daughter, son-in-law and nephews. What Modi has?...no one," he said, attacking the PM over his remarks on feud in the Pawar family. "That is why Modi is peeping into the homes of others. How will he (Modi) know how to run a family, he has no one?" the former Union minister said.

The Maratha strongman said Modi stooped low by making comments about his family, but he cannot behave in the same way. At an election rally in Wardha early this month, Modi had said a family war is going on in the NCP. The PM had also claimed that Pawar's nephew Ajit Pawar is slowing capturing the 1999-founded party. Pawar said if Modi had a 56-inch chest, as he has claimed, then why his government has failed to ensure the release of Kulbhushan Jadhav, a former Navy officer, from Pakistani jail.

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Two years ago, Jaidwaj Malhotra was running a Google search for a motor for his model airplane when he instead started reading about drones and how to build them. He was immediately taken in by the little object that could fly at 120 km per hour. Today, the 18-year-old is working for an organisation, helping them design surveillance drones for the Indian Army.

Malhotra is part of a tight-knit community of young drone racers in the city that came into being around the time the Indian Drone Racing League (IDRL) was founded by Karan Kamdar in 2016. Over the past two years, the field has gained a sizeable traction with IDRL having 875 pilots registered with them from all over India. The pursuit is expensive.

Building a drone can cost as much as '40,000, and the not-so-cheap batteries must be replaced every three months. The police continues to remain suspicious of fliers. However, for these pumped up youngsters, no obstacle is too big. Even with the odds stacked against them, they are finding ways to let their dreams fly.

'Burnt the circuit board while building my first drone'
Jaidwaj Malhotra, 18

His father being into aero-modelling, Juhu resident Jaidwaj Malhotra has always had a fascination for flying objects. Two years ago he participated in an aeromodelling competition held by Boeing, at the IIT TechFest. Around the same time, he came across the drone, or the "quadcopter". "If you want to fly a drone, it is important that you build it as well. You need to understand the mechanics, to ensure best control. And, in case of trouble, you must know how to fix it in a second," Malhotra says. Like Nayak, he too is a self-taught drone-maker, who got all his knowledge from the Internet.

Jaidwaj Malhotra. Pic/Satej Shinde

"My first attempt was not successful. I burnt the circuit board. But, you live and learn," says the first-year mechanical engineering student. He spread the word on his drone-making abilities on social media and soon people began to approach him. "That's how I got roped in by a startup to design UAVs (Unmanned Aerial Vehicle) for the Army." When he doesn't have exams, he practises six hours a day on a track that he builds himself, on the Jamnabai School Grounds. "A racing track comprises elements like gates, flags and cones that act as obstacles. I practise on one track, then change it completely and practise again."

One Race I want to participate in: World Drone Prix

'I am the first pilot to register from the country'
Siddharth Nayak, 26

Employed in the construction sector, Nayak is currently neck-deep into the Mumbai Metro project. It's only in the weekends that he manages to fly. "Sometimes, it's not even that, as there are working Sundays too," he tells us. Nayak, who grew up in Nala Sopara and got a degree in instrumentation engineering from a Vasai's Vartak college, has always been keen on robotics. "But, that was mostly stuff on land; I had a craze for flying."

Siddharth Nayak. Pic/Datta Kumbhar

Randomly stumbling upon a drone-racing video on YouTube in 2016 was a deciding moment for him. Nayak, of course, had no experience in drones up until that point. He went through several tutorials online and managed to build his first drone. "I tried it out in the dried salt pans in Vasai, where there were no people. It went up till about 30 feet," he says, speaking of his test run.

The height is not the point of importance in drone racing, where they race not more than seven feet above the ground. "It's precision and control that counts, because you're flying at 120 kmph. It's a lot tougher to control drones at a lower height." Nayak had his first race in IIT Gandhinagar in 2016 and his latest victory was last month at Smaaash, besides three races in Kochi and Pilani. "I had once quit my job to do this professionally, but that didn't work," he says with a smile. Nayak's next aim is to represent an organisation as a drone racer. "My dream is to represent India as a drone racer in an international league, someday."

One Race I want to participate in: Drone Champion League

'I sold my first drone to build my second one'
Himadri Roy, 21

When he was in Std X, Himadri Roy asked his father for money to build his first drone. "I had done my research. I showed him the outline of my plan, which I had developed after going through hundreds of tutorials and blogs. When he saw that I was not talking out of thin air, he agreed," says Roy. The first drone that he built had a larger frame and was heavy. It took him over a month to finish, with help from his father. "Now, I can build it in a week." In the years that followed, he upgraded his machine. "I learnt about more sophisticated methods online and then I sold my first drone to a friend who is an engineer, and used that money to build my second one. This one is a racing drone. It's smaller, faster and more agile." Roy, who was a member of an online forum called Remote Controlled India, came across IDRL on it. He got invited to his first race in Gandhinagar in 2016. "I did a few laps and crashed. It's crucial to keep your mind steady in this race. If you worry you'll crash, you will. I have become calmer now."

Himadri Roy. Pic/Sneha Kharabe

He uses the same calm to deal with authorities when they come in the way. "The laws regarding droning are not clear in India. So, the police continues to stop us. Last week, a police vehicle followed me while I was flying. When something like that happens, I try to explain that it is a sport. I also let them watch the video feed that has recorded what the drone has seen, so they know that we are anything but troublemakers." Currently, he is employing his drone knowledge in his fourth year project. "We are trying to develop drones that can be used for industry surveillance, to identify defects in mobile towers, in particular," he says.

One Race I want to participate in: Smaaash Drone Race at Gateway of India

In view of the financial hit the state is likely to take owing to the pandemic, the state government has taken several austerity measures.

New schemes, construction, purchases by the state have been barred while new jobs will not be created. Employees will not be transferred and promoted this financial year.

A resolution issued by the chief secretary on Monday said that the current schemes will have to run on 33 per cent grant instead of 100 per cent. Health, medical education, relief and rehabilitation, food and civil supplies departments will get priority in state funding.

'Review schemes'
The departments have been asked to review current schemes and work on them with a limited budget.

However, there will be no cut in essential spendings like salaries and pension payments.

Pending bills to be paid
Buying gizmos, furniture and hiring offices have not been allowed. The expenses on event management have been curtailed. The pending bills will be paid using whatever the finances are available.

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Amid rumours that he was unwell and hospitalised, Naseeruddin Shah has reached out to his fans and thanked them for their concern. Rubbishing the reports of hospitalisation, Shah took to Facebook to reassure everyone about his health.

He wrote, "I thank all those enquiring after my health and reassure them I am fine," he said. "I'm at home and observing the lockdown. Please don't believe any rumours," he added.

The actor's younger son Vivaan Shah also dismissed rumours about his father's health. "He's alright. These are just rumours," Vivaan told PTI. Reports about Shah's health started surfacing on social media as the industry was coming to terms with the deaths of Irrfan Khan and Rishi Kapoor.

All well everyone! Baba's just fine. All the rumours about his health are fake. He's keeping well 🙏Praying for Irfan Bhai and Chintu ji. Missing them a lot. Deepest condolences to their families. Our hearts go out to all of them. It's a devastating loss for all of us 😔🙏

— Vivaan Shah (@TheVivaanShah) April 30, 2020

Rishi Kapoor, aged 67, breathed his last on Thursday in a Mumbai hospital after a two-year-long battle with leukaemia, while Irrfan, 53, passed away on Wednesday due to neuroendocrine tumour, a rare form of cancer.

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Mrs. Serial Killer
On: Netflix
Director: Shirish Kunder
Cast: Manoj Bajpayee, Jacqueline Fernandez, Mohit Raina
Rating:

Forget everything! Forget that filmmaker Shirish Kunder's last feature film was Joker, forget that the leading lady of his fresh film, Mrs. Serial Killer, is Jacqueline Fernandez. And just read this premise- A helpless and hapless wife takes the suicidal decision of going on a murderous rage and becoming a serial killer when her husband is arrested on the charges of brutally killing six unmarried and pregnant women. In short, a woman will go to any lengths to save her husband.

Any film with this plot can amalgamate its narrative with both thrill and tragedy. You first feel a sense of sympathy for the man who has been wrongly accused and unfairly imprisoned. You feel empathetic towards the woman who now has to fight what could be the most traumatic battle of her life. And then you feel the tension and thrill of wanting to know how she would execute all her murders! What unfolds is your perfect Bollywood potboiler, driven by drama and fueled by unpredictability. But what we see in Mrs. Serial Killer is a puerile and almost-preposterous telling of an unseen and unknown CID episode.

The performances are all ham-and-cheese, and not even worthy of being your enjoyable and entertaining guilty pleasure stuff. It's juvenile and joyless from start to finish. If Manoj Bajpayee played your perfect hero in The Family Man, Fernandez plays your loyal family woman in this film who readily agrees to become Mrs. Serial Killer to save her husband. Kunder does what no other filmmaker even imagined he would, he gives her more screen time than Bajpayee and let her have her moment of glory. To say she falters would be an understatement, she collapses ever before her mission has begun.

Watch the trailer of Mrs. Serial Killer

Her performance is both annoying and alarming and makes you smile more than scared and that too in all the incorrect ways and at the incorrect moments. Look how she reacts when a gatekeeper refuses to let her in, look how she reacts when a receptionist refuses to let her meet a gynecologist, look how she reacts when she successfully unlocks her husband's laptop, and look how she reacts when she's about to drug and almost kill her prey. And after a while, you stop looking at all. Kunder has certainly been unwise while casting someone deadpan for a deep role.

There's barely anything that works, not even Manoj Bajpayee. He's hardly there and dedicates all his screen time in hamming. A languid Mohit Raina nearly puts you off to sleep, and the climatic twist suggests nothing but the sheer limitations and lunacy of everyone involved in this Netflix nonsense. Kunder's debut, Jaan-E-Mann, although a commercial failure, was earnest in its craftsmanship and entertaining in its moments, but his repertoire has deteriorated ever since. Mrs. Serial Killer is his weakest film to date, worsened by its frustratingly limited leading lady. It does deliver unintentionally comical moments and there are plenty of them. Watch out for the implausible and innocuous climax where Bajpayee snarls, "Comedy Kahaan Hai?" It's right there, sir!

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British Airways may be forced to cut more than a quarter of its workforce as the coronavirus pandemic takes its toll on one of Europe's biggest airlines. Parent company IAG (ICAGY) said in a statement cited by CNN on Tuesday that the Airways is notifying labour unions about a restructuring program which will affect most employees and "may result in the redundancy of up to 12,000 of them." IAG, which also includes Spanish airline Iberia, said its first-quarter revenues declined by 13 per cent to EUR4.6 billion (USD 5 billion) as it swung to an operating loss of EUR535 million (USD 579 million).

The airline group warned that losses in the second quarter would be "significantly worse" and that it expects that "the recovery of passenger demand to 2019 levels will take several years." The warning echos a similar decision made by airline group Lufthansa (DLAKY), which owns national carriers in Germany, Switzerland, Austria and Belgium. Announcing earlier this month that it was permanently reducing the size of its fleet and shuttering one of its low-cost carriers, Lufthansa said that worldwide demand for air travel will take years to recover from the coronavirus.

"What we are facing as an airline ... is that there is no 'normal' any longer," British Airways CEO Alex Cruz said in a letter to staff that was released to CNN Business. "Yesterday, British Airways flew just a handful of aircraft out of Heathrow. On a normal day, we would fly more than 300," he added. The news comes as flight bans and nationwide lockdowns are threatening to bankrupt airlines around the world. The "mounting financial crisis" facing carriers could cause revenues to tumble by as much as 55 per cent this year, or some USD 314 billion, according to the International Air Transport Association.

Virgin Australia collapsed into administration last week, while sister airline Virgin Atlantic confirmed on Monday that it was on the hunt for outside investors to keep it alive. Virgin Atlantic, which is controlled by Richard Branson's Virgin Group, is also seeking a commercial loan from the British government. Earlier this month, British Airways furloughed 30,000 employees on 80 per cent of their regular monthly pay until the end of May, with the government covering the first PS2,500 (USD 3,100) under its coronavirus job retention program.

But Cruz said the outlook for the aviation sector had worsened in the last few weeks and measures taken to conserve cash were not enough. "There is no government bailout standing by for BA and we cannot expect the taxpayer to offset salaries indefinitely," he added. "Any money we borrow now... will not address the longer-term challenges we face," he wrote.

With no certainty on when lockdowns will lift or when countries will reopen their borders, British Airways has to "reshape" itself, Cruz said. "The scale of this challenge requires substantial change so we are in a competitive and resilient position, not just to address the immediate Covid-19 pandemic, but also to withstand any longer term reductions in customer demand, economic shocks or other events that could affect us," he added.

The collapse in air traffic puts about 6.7 million jobs at risk in Europe, according to IATA, which has called for urgent government action to "preserve air services."

In a similar circumstance, Air France-KLM (AFLYY) further announced on Friday that following "several weeks of discussions" with the French government and banks, it had secured EUR7 billion ($7.6 billion) in loans backed by the French state "to help overcome the crisis and prepare for the future."

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The Kerala government has written to External Affairs Minister Sushma Swaraj to put on hold the new order that requires all Indian nurses going to 18

On May 5, Airbnb co-founder and CEO Brian Chesky sent the following note to Airbnb employees. This is my seventh time talking to you from my house. Each time we've talked, I've shared good news and bad news, but today I have to share some very sad n...

Not all the products from Apple- one of the world’s leading technology companies have been a great success in the market. Along with the incredible success of numerous products.

German carmaker Volkswagen and its labour unions have agreed to 30,000 job cuts by 2021.

Company: RM Infotech
Qualification: Bachelor of Arts (B.A), Bachelor of Architecture (B.Arch), Bachelor of Business Administration (B.B.A), Bachelor Of Computer Application (B.C.A), Bachelor of Commerce (B.Com), Bachelor Of Technology (B.Tech/B.E), Bachelor of Education (B.Ed), Bachelor in Hotel Management (B.H.M),....

Company: RM Infotech
Qualification: Bachelor of Arts (B.A), Bachelor of Architecture (B.Arch), Bachelor of Business Administration (B.B.A), Bachelor Of Computer Application (B.C.A), Bachelor of Commerce (B.Com), Bachelor Of Technology (B.Tech/B.E), Bachelor of Education (B.Ed), Bachelor in Hotel Management (B.H.M),....

Company: RM Infotech
Qualification: Bachelor of Arts (B.A), Bachelor of Architecture (B.Arch), Bachelor of Business Administration (B.B.A), Bachelor Of Computer Application (B.C.A), Bachelor of Commerce (B.Com), Bachelor Of Technology (B.Tech/B.E), Bachelor of Education (B.Ed), Bachelor in Hotel Management (B.H.M),....

This publication reviews the labour market integration of immigrants and their children in three OECD countries (Austria, Norway and Switzerland) and provides country-specific recommendations. It also includes a summary chapter highlighting common challenges and policy responses. It is the third and last in a series which has covered eleven OECD countries.

The digital revolution, globalisation and demographic changes are transforming labour markets at a time when policy makers are also struggling with slow productivity and wage growth and high levels of income inequality. The new OECD Jobs Strategy provides a comprehensive framework and policy recommendations to help countries address these challenges.

South Africa has made impressive social progress over the past two decades, lifting millions of people out of poverty and broadening access to essential services like water, electricity and sanitation.

The digital revolution, globalisation and demographic changes are transforming labour markets at a time when policy makers are also struggling with slow productivity and wage growth and high levels of income inequality. The new OECD Jobs Strategy provides a comprehensive framework and policy recommendations to help countries address these challenges.

Company: Nanu India Recruitment Co
Qualification: Bachelor Of Technology (B.Tech/B.E), Diploma
Experience: 0 to 2
Salary: 1.50 to 3.00
location: Bokaro Steel City, Cochin / Kochi / Ernakulam
Ref: 24826141
Summary: We have Requirement for Power Plant Jobs For Mechanical Freshers.

The digital revolution, globalisation and demographic changes are transforming labour markets at a time when policy makers are also struggling with slow productivity and wage growth and high levels of income inequality. The new OECD Jobs Strategy provides a comprehensive framework and policy recommendations to help countries address these challenges.

Company: Diraa HR Services
Experience: 0 to 5
location: Coimbatore
Ref: 24574143
Summary: WARM GREETINGS' !!! DEAR CANDIDATES WE HAVE A JOB VACANCY IN SINGAPORE,

The digital revolution, globalisation and demographic changes are transforming labour markets at a time when policy makers are also struggling with slow productivity and wage growth and high levels of income inequality. The new OECD Jobs Strategy provides a comprehensive framework and policy recommendations to help countries address these challenges.

The digital revolution, globalisation and demographic changes are transforming labour markets at a time when policy makers are also struggling with slow productivity and wage growth and high levels of income inequality. The new OECD Jobs Strategy provides a comprehensive framework and policy recommendations to help countries address these challenges.

The digital revolution, globalisation and demographic changes are transforming labour markets at a time when policy makers are also struggling with slow productivity and wage growth and high levels of income inequality. The new OECD Jobs Strategy provides a comprehensive framework and policy recommendations to help countries address these challenges.

This publication reviews the labour market integration of immigrants and their children in three OECD countries (Austria, Norway and Switzerland) and provides country-specific recommendations. It also includes a summary chapter highlighting common challenges and policy responses. It is the third and last in a series which has covered eleven OECD countries.

Norway’s law enforcement institutions have demonstrated commitment and ability in combating foreign bribery using a robust legal framework. Its new Penal Code, however, could create obstacles to enforcement by potentially narrowing jurisdiction over foreign bribery committed by Norwegians abroad.

The digital revolution, globalisation and demographic changes are transforming labour markets at a time when policy makers are also struggling with slow productivity and wage growth and high levels of income inequality. The new OECD Jobs Strategy provides a comprehensive framework and policy recommendations to help countries address these challenges.

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There is no one-size-fits-all solution to restoring inclusive growth, jobs and trust. Macroeconomic, structural policies and labour activation strategies are all required. The G20 process can play a pivotal role in helping countries identify effective policies and implement them, said Angel Gurría

The digital revolution, globalisation and demographic changes are transforming labour markets at a time when policy makers are also struggling with slow productivity and wage growth and high levels of income inequality. The new OECD Jobs Strategy provides a comprehensive framework and policy recommendations to help countries address these challenges.

Company: RM Infotech
Qualification: Bachelor of Arts (B.A), Bachelor of Architecture (B.Arch), Bachelor of Business Administration (B.B.A), Bachelor Of Computer Application (B.C.A), Bachelor of Commerce (B.Com), Bachelor Of Technology (B.Tech/B.E), Bachelor of Education (B.Ed), Bachelor in Hotel Management (B.H.M),....

Company: RM Infotech
Qualification: Bachelor of Arts (B.A), Bachelor of Architecture (B.Arch), Bachelor of Business Administration (B.B.A), Bachelor Of Computer Application (B.C.A), Bachelor of Commerce (B.Com), Bachelor Of Technology (B.Tech/B.E), Bachelor of Education (B.Ed), Bachelor in Hotel Management (B.H.M),....

Company: RM Infotech
Qualification: Bachelor of Arts (B.A), Bachelor of Architecture (B.Arch), Bachelor of Business Administration (B.B.A), Bachelor Of Computer Application (B.C.A), Bachelor of Commerce (B.Com), Bachelor Of Technology (B.Tech/B.E), Bachelor of Education (B.Ed), Bachelor in Hotel Management (B.H.M),....

The United States can further improve productivity in its economy by prioritizing reforms that enhance openness, diversity and competition in services markets, particularly where higher trade restrictions are observed.

The digital revolution, globalisation and demographic changes are transforming labour markets at a time when policy makers are also struggling with slow productivity and wage growth and high levels of income inequality. The new OECD Jobs Strategy provides a comprehensive framework and policy recommendations to help countries address these challenges.

The digital revolution, globalisation and demographic changes are transforming labour markets at a time when policy makers are also struggling with slow productivity and wage growth and high levels of income inequality. The new OECD Jobs Strategy provides a comprehensive framework and policy recommendations to help countries address these challenges.

This year’s OECD Ministerial Council Meeting, which we are honoured to chair, will address the issue of investment. The timing could not be better. Growth prospects have improved, but there is still a lot of work to be done. Investment has been hit especially hard since the crisis started and has yet to recover.

The digital revolution, globalisation and demographic changes are transforming labour markets at a time when policy makers are also struggling with slow productivity and wage growth and high levels of income inequality. The new OECD Jobs Strategy provides a comprehensive framework and policy recommendations to help countries address these challenges.