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Large firms hired 321,000 workers, medium-sized businesses added 46,000, while small companies cut 120,000 employees Private companies in the US added 247,000 jobs in April, indicating a slower growth in a tight labour market, payroll data company Automatic Data Processing (ADP) reported. Earlier data from the Labor Department showed that US unemployment rate dropped to 3.6 per cent in March as the Omicron-fuelled Covid-19 surge faded, which was slightly above the pre-pandemic level of 3.5 per cent, Xinhua news agency quoted the ADP report as saying on Wednesday. The service sector saw a job gain of 202,000 in April, while goods-producing sector added 46,000 jobs, according to... read more

Economists say job opportunities have been hit by sluggish domestic demand and the slow pace of economic recovery amid rising prices NEW DELHI (Reuters) - India's unemployment rate rose to 7.83% in April from 7.60% in March, data from the Centre for Monitoring Indian Economy (CMIE) showed on Sunday. The urban unemployment rate rose to 9.22% in April from 8.28% the previous month, while the rural unemployment rate slipped to 7.18% from 7.29%, the data showed. The highest unemployment rate of 34.5% was recorded in... read more