Historically, the US Unemployment Rate reached as high as 10.80% in 1982 and 9.9% in November of 2009. State Labor Department Releases Preliminary May 2023 Area ), 17.95% (2021 est. 1948 - 2023 | Monthly | % | U.S. Bureau of Labor Statistics. "Top Picks." The jobless rate dropped 0.2 percentage points to 3.5%, matching a level it last saw in December 1969. )20.62% (2019 est. )4.89% (2020 est. Seasonally Adjusted Unemployment Rates by County ), 4.7% (2021 est. )5.34% (2019 est. Unemployment typically rises during recessions and falls during periods of economic prosperity. Unemployment tracks the business cycle. Basic Info US Unemployment Rate is at 3.70%, compared to 3.40% last month and 3.60% last year. )8.49% (2020 est. The question that matters most for the economy is how long the labor market can stay strong given the ongoing slowdown in growth.". )3.67% (2019 est. )15.69% (2019 est. ), 7.72% (2021 est. ), 5.08% (2021 est. That could lead to less economic output and a lower rate of GDP. Readings earlier in the week showed continued contraction in manufacturing and a sharp decline in the much larger services industry. Texas Unemployment Rate is at 4.10%, compared to 4.00% last month and 3.80% last year. What Is the Current US Unemployment Rate? Over-the-year change in unemployment rates for large metropolitan areas: ), 16.82% (2021 est. )4.95% (2020 est. )3.54% (2020 est. )2.77% (2020 est. )7.76% (2020 est. Shahid Kapoor and Mira Rajput Set Couple Goals With This Loved-Up Pic From Their Vacay in Greece! On a brighter note, job gains in leisure and hospitality were strong in December and retail trade payrolls rebounded notably, likely linked to the holiday shopping season. United States Unemployment December 2019 - FocusEconomics ), 4.53% (2021 est. )5.55% (2020 est. "Labor Force, Employment, and Unemployment, 1929-39: Estimating Methods." From January to March 2023, the unemployment rate for persons aged 15 years and above was 6.8 percent which rose to 8.5 percent in April 2023. A single cookie will be used in your browser to remember your preference not to be tracked. )note: data exclude the West Bank, 10.66% (2021 est. The unemployment rate rose during the recessions that followed those wars. )3.42% (2019 est. ), 8.88% (2021 est. CES National Estimates produces data for the nation, and CES State and Metro Area produces estimates for all 50 States, the District of Columbia, Puerto Rico, the Virgin Islands, and about 450 metropolitan areas and divisions. )25.89% (2020 est. )note: excludes Gaza Strip, 6.18% (2021 est. However, for those who had not completed secondary school, the percentage of unemployed males was 13 percent, higher than that of females. )3.82% (2019 est. India vs China: What is the long-term outlook for Asias two behemoths. 2021 CEIC Data, an ISI Emerging Markets Group Company. )5.2% (2020 est. )22.61% (2019 est. But the )note: includes overseas territories, 14.39% (2021 est. )1.1% (2020 est. )5.62% (2020 est. [] All in, a low unemployment environment, and wage gains which are outpacing inflation give a decent backdrop for consumer spending heading into 2020.. It may seem counterintuitive to think unemployment can get too low, but it can. )8.53% (2019 est. )25.51% (2020 est. ), 11.21% (2021 est. )5.73% (2020 est. The labour force is defined as the total number of unemployed people plus those in employment. )4.97% (2020 est. Assessing Mexicos Economy at a Historical Milestone: Structural Reforms and Challenges. US Unemployment Rates by Year. The urban labour force saw 4.5 million fewer people due to two reasons - a decline in jobs by around 2.4 million and a fall in the number of unemployed people in urban India by 2.1 million. )4.35% (2019 est. )note: about 40% of the population is underemployed; many persons counted as employed work only a few hours a week and at low wages, 10.41% (2021 est. Malaysia unemployment rate for 2019 was 3.26%, a 0.04% decline from 2018. ), 6.34% (2021 est. ), 2.75% (2021 est. )0.21% (2020 est. )note: official data; another 20% are underemployed, 2.18% (2021 est. )3.98% (2020 est. ), 2.17% (2021 est. )3.38% (2019 est. Instant access to full history data in excel. ), 2.17% (2021 est. )3.62% (2019 est. Unemployment Rate However, there was some additional good news because the previous two months saw upward revisions. )7.45% (2020 est. ", Federal Reserve Bank of St. Louis. Alcoholic Beverages (USD bn), United States GDP: PCE: F&T: Alcoholic Beverages (USD bn), United States GDP: PCE: F&T: Tobacco Products (USD bn), United States GDP: PCE: Clothing, Accessories & Jewelry (USD bn), United States GDP: PCE: Personal Care (USD bn), United States GDP: PCE: Household Operation (USD bn), United States GDP: PCE: Medical Care (USD bn), United States GDP: PCE: Personal Business (USD bn), United States GDP: PCE: Transportation (USD bn), United States GDP: PCE: SE: Transport: User-operated (UT) (USD bn), United States GDP: PCE: SE: Transport: Local (USD bn), United States GDP: PCE: SE: Transport: Intercity (USD bn), United States GDP: PCE: Recreation (USD bn), United States GDP: PCE: Education & Research (USD bn), United States GDP: PCE: Religious & Welfare Activities (USD bn), United States GDP: PCE: Net Foreign Travel & Other (USD bn), United States GDP: PCE: Durable Goods (DG) (USD bn), United States GDP: PCE: DG: Motor Vehicles & Parts (M&P) (USD bn), United States GDP: PCE: DG: MV&P: New Autos (USD bn), United States GDP: PCE: DG: MV&P: New Autos: Domestic (USD bn), United States GDP: PCE: DG: MV&P: New Autos: Foreign (USD bn), United States GDP: PCE: DG: MV&P: Used Autos (USD bn), United States GDP: PCE: DG: MV&P: Used Autos: Net Transactions (USD bn), United States GDP: PCE: DG: MV&P: Used Autos: Used Auto Margin (USD bn), United States GDP: PCE: DG: MV&P: Used Autos: Employee Reimbursement (USD bn), United States GDP: PCE: DG: MV&P: Other Motor Vehicles (OMV) (USD bn), United States GDP: PCE: DG: MV&P: OMV: New & Used Trucks (USD bn), United States GDP: PCE: DG: MV&P: OMV: Recreational (USD bn), United States GDP: PCE: DG: MV&P: Tires, Tubes, Accessories & Other Parts (TTA&O (USD bn), United States GDP: PCE: DG: MV&P: TTA&O: Tires & Tubes (USD bn), United States GDP: PCE: DG: MV&P: TTA&O: Accessories & Parts (USD bn), United States GDP: PCE: DG: Furniture & Household Equipment (F&HE) (USD bn), United States GDP: PCE: DG: FH&E: Furniture incl. ), 7.6% (2021 est. )3.75% (2019 est. )2.01% (2019 est. Wages also were a disappointment, with average hourly earnings little changed over the month and up just 2.9% for the year, the lowest increase since July 2018. Utah unemployment compared to other states. Texas Unemployment Rate is at 4.10%, compared to 4.00% last month and 3.80% last year. ), 5.23% (2021 est. ), 16.91% (2021 est. )13.06% (2019 est. 2019 Home : The Economics Daily - U.S. Bureau of Labor Statistics )NA, 15.91% (2021 est. The report showed that the unemployment rate in New Providence increased to 10.7 percent, up from 9.4 percent on the island in May 2019. ), 6.41% (2021 est. unemployment rate ), 6.74% (2021 est. Industry sector Job gains/losses The leisure and hospitality industry continues to be hardest hit with payroll job losses year-over-year Washington lost an estimated 189,300 jobs from December 2019 through December 2020, not Sign up for free newsletters and get more CNBC delivered to your inbox. ), 8.22% (2021 est. )7.01% (2020 est. When an economy begins to improve after a recession, for example, the unemployment rate may continue to worsen for some time. ), 11.46% (2021 est. 3.8: 3.4: 3.4: 13.8: )5.44% (2019 est. Labor force data are restricted to people 16 years of age )5.75% (2019 est. Commenting has been disabled for this item. )6.31% (2019 est. from January to April 2023. )3.02% (2019 est. )3.47% (2019 est. ), 22.26% (2021 est. )5.48% (2020 est. The unemployment rate typically falls during the expansion phase of the business cycle. > Tenure: Took office in 2019, currently serving first term > Annual salary: $152,181 (23rd highest of 50 states) > 2022 state unemployment rate: 3.9% (higher than natl avg.) Global Business and Financial News, Stock Quotes, and Market Data and Analysis. If there is a high rate of unemployment at the same time, this could cause issues for those without an income since they may be struggling to afford basic necessities. etc (WGS) (USD bn), United States GDP: PCE: DG: Others: WGS: Sport & Photo Eqpt, Cycles (SPEC) (USD bn), United States GDP: PCE: DG: Others: WGS: SPEC: Guns (USD bn), United States GDP: PCE: DG: Others: WGS: SPEC: Sporting Equipment (USD bn), United States GDP: PCE: DG: Others: WGS: SPEC: Bicycles (USD bn), United States GDP: PCE: DG: Others: WGS: SPEC: Motorcycles (USD bn), United States GDP: PCE: DG: Others: WGS: SPEC: Photographic Equipment (USD bn), United States GDP: PCE: DG: Others: WGS: Pleasure Boats & Aircrafts (PB&A) (USD bn), United States GDP: PCE: DG: Others: WGS: PB&A: Boats (USD bn), United States GDP: PCE: DG: Others: WGS: PB&A: Aircraft (USD bn), United States GDP: PCE: Nondurable Goods (NG) (USD bn), United States GDP: PCE: NG: Food (USD bn), Current Employment Statistics Survey: Aggregate Weekly Payroll and Hours Index, Current Employment Statistics Survey: Aggregate Weekly Payroll Index: Seasonally Adjusted, Current Employment Statistics Survey: Average Weekly and Hourly Earnings, Current Employment Statistics Survey: Average Weekly and Hourly Earnings: Seasonally Adjusted, Current Employment Statistics Survey: Average Weekly Hours: Production Workers, Current Employment Statistics Survey: Average Weekly Hours: Seasonally Adjusted, Current Employment Statistics Survey: Employment: Non Farm, Current Employment Statistics Survey: Employment: Production Worker: Non Farm, Current Employment Statistics Survey: Employment: Production Worker: Non FarmSeasonally Adjusted, Current Employment Statistics Survey: Employment: Women Worker: Non Farm: Seasonally Adjusted, Current Population Survey: Employment Population Ratio, Current Population Survey: Unemployment Rate, Current Population Survey: Unemployment Rate: Seasonally Adjusted, Employee Benefits Survey: Private Industry, Employment and Unemployment: Forecast: OECD Member: Annual, Job Openings and Labor Turnover Survey: Hires Rate, Job Openings and Labor Turnover Survey: Job Openings Rate, Job Openings and Labor Turnover Survey: Separation Rate, Labour Force, Employment and Unemployment, Labour Force, Employment and Unemployment: Quarterly, National Compensation Survey: Employment Cost Index: Dec 2005=100, Number of Excess Deaths: by States: All Causes excluding COVID-19: Predicted, Productivity and Costs Index: 2005=100: Seasonally Adjusted (Discontinued), Wages, Labour Cost and Employment Index: Annual, ADP National Employment Report: New Methodology, Current Employment Statistics: Birth-Death Adjustment, Current Employment Statistics Survey: Aggregate Weekly Payroll and Hours Index: Production Workers, Current Employment Statistics Survey: Average Hourly Earnings: Production Workers, Current Employment Statistics Survey: Average Weekly and Hourly Earnings: Production Workers, Current Employment Statistics Survey: Average Weekly Hours, Current Employment Statistics Survey: Average Weekly Hours: Production Workers: Seasonally Adjusted, Current Employment Statistics Survey: Diffusion Index, Current Employment Statistics Survey: Employment: Non Farm: sa, Current Employment Statistics Survey: Employment: Production Worker: Non Farm: Seasonally Adjusted, Current Employment Statistics Survey: Employment: Women Worker: Non Farm, Current Population Survey: Employment: Seasonally Adjusted, Current Population Survey: Labour Force: Seasonally Adjusted, Current Population Survey: Unemployment Rate: Projection: Congressional Budget Office, Current Population Survey: Unemployment: Seasonally Adjusted, Job Openings and Labor Turnover Survey: Hires, Job Openings and Labor Turnover Survey: Job Openings, Job Openings and Labor Turnover Survey: Separation, Labour Force, Employment and Unemployment: Annual, Multifactor and Capital Productivity: OECD Member: Annual, National Compensation Survey: Employment Cost Index: Jun 1989=100, Number of Excess Deaths: by States: All Causes, Number of Excess Deaths: by States: All Causes: Predicted, Productivity and Costs Index: 1992=100: Seasonally Adjusted (Discontinued), Productivity and Costs Index: 2009=100: Seasonally Adjusted, Unemployment Rate: By State: Seasonally Adjusted. Military Strength Ranking 2023: India Among Top 5 Countries With Highest Firepower in the World, Here's Where Pakistan, China and Other Nations Stand on the List. )3.62% (2020 est. )2.19% (2019 est. The rate declined during several U.S. wars, particularly during World War II. Select "Table 1.1.1: Percent Change From Preceding Period in Real Gross Domestic Product. Select "Modify," select "Annual," select "1930 A" as "First Year. State Labor Department Releases Preliminary May 2023 Area ), 7.65% (2021 est. Available via annual subscription to one or more of CEICs global and premium databases. )4.77% (2020 est. The US Unemployment Rate measures the percentage of total employees in the United States that are a part of the labor force, but are without a job. Still, 2019 has seen a marked slowdown. )8.01% (2020 est. Latest available data for a fixed period, All rights reserved. )5.36% (2019 est. & Supplies (USD bn), United States GDP: PCE: DG: Others (USD bn), United States GDP: PCE: DG: Others: Jewelry & Watches (USD bn), United States GDP: PCE: DG: Others: Ophthalmic Products & Orthopedic Appliances (USD bn), United States GDP: PCE: DG: Others: Books & Maps (USD bn), United States GDP: PCE: DG: Others: Wheel Goods, Sports Eqpt. But even with a strong labor market, wage growth remains muted, limiting the risk that labor market tightness will push inflation meaningfully higher. ), 8.05% (2021 est. )10.26% (2020 est. "The labor market is still strong, adding more than enough jobs each month to absorb new entrants to the labor force. United States Unemployment Rate )4.5% (2019 est. ), 2% (2015 est. )14.1% (2020 est. ), 1.87% (2021 est. To find out more about the cookies we use, see our Cookies Policy. )4.47% (2020 est. )8.71% (2020 est. )19.28% (2019 est. The average work week was little changed at 34.4 hours. Further when examined by age group, the results of the survey indicate that almost one quarter of the labour force is made up of persons between the ages of 25 to 34.. )10.38% (2020 est. ), 6.65% (2021 est. Natasha Somayya K said that the labour market in India's urban areas saw a dip in the number of employed as well as unemployed people. To recap last weeks statewide press release, New York States seasonally adjusted unemployment rate decreased from 4.0% in April to 3.9% in May )1.2% (2019 est. )4.45% (2019 est. The Texas Unemployment rate measures the percentage of total employees in Texas that are part of the labor force, but are without a job. In the latest reports, US Population reached 334.28 million people in Dec 2022. June 14, 2023 The U.S. Census Bureau today released a summary brief on the Survey of Public Employment and Payroll from the 2022 Census of Governments (CoG). Annual wage growth weakened to 2.9% in December from 3.1% in November, below market expectations and the first result below 3.0% in a year and a half. While wages dropped slightly, finding qualified workers is likely to get more difficult," said Gad Levanon, chief economist, North America, at The Conference Board. )9.95% (2019 est. )note: data are for registered urban unemployment, which excludes private enterprises and migrants, 14.34% (2021 est. )20.74% (2019 est. )5.59% (2020 est. WebLabor Force Environment Crime Immigration Other Unemployment Rate Youth Unemployment Rate Participation Rate Unemployment refers to the share of the labor force that is without work but available for and seeking employment. National Income and Product Accounts Tables." Greece will maintain Business confidence came in at 108.3 in June, down from Mays 118.6. This indicator is measured in numbers of unemployed people as a percentage of the labour force and it is seasonally adjusted. Overall, when examined by sex, the unemployment rate for men was higher at 9.1 percent compared to 8.5 percent for women. )3.69% (2019 est. The unemployment rate is a )0.33% (2020 est. The Actual U.S. Unemployment Rate in 2019 Was Twice )8% (2020 est. We use this information in order to improve and customize your browsing experience and for analytics and metrics about our visitors both on this website and other media. This article looks at the fastest growing economies over the 2021-2025 period among the over 130 countries covered by FocusEconomics. The following table shows how unemployment, GDP, and inflation have changed by year since 1929. )2.8% (2020 est. , US Initial Claims for Unemployment Insurance, US Continued Claims for Unemployment Insurance. )note: data are for urban areas; widespread underemployment, 15.22% (2021 est. )2.39% (2020 est. ), 3.47% (2021 est. )11.27% (2020 est. )0.85% (2019 est. )6.69% (2019 est. A more encompassing measure that includes discouraged workers and the underemployed also fell, declining 0.3 percent points to 6.9%, matching its lowest in nearly 19 years and just off the all-time low of 6.8%. )2.17% (2019 est. )note: official registered unemployed; large number of underemployed workers, 6.42% (2021 est. The employed labour force recorded 200,175 persons. ), 6.33% (2021 est. Read our, Unemployment Solutions and What's Most Cost-Effective. )9.17% (2020 est. )7.69% (2019 est. "Today's data don't change the fundamental economic picture," said Eric Winograd, senior U.S. economist at AllianceBernstein. Malaysia unemployment rate for 2020 was 4.50%, a 1.24% increase from 2019. ), 5.94% (2021 est. )3.94% (2020 est. The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters. Delving into the details, job losses were registered in the manufacturing sector, while the transportation and warehousing labor force fell sharply as well. "Overall, this report provides more evidence that the labor market is still healthy and does not necessarily increase the likelihood of further rate cuts by the Federal Reserve in the remainder of the year. ), 4.42% (2021 est. )17.41% (2020 est. Utah unemployment rate U.S. 2022 | Statista ), 25.76% (2021 est. ), 24.9% (2021 est. ), 9.45% (2021 est. Unemployment rate US Unemployment Rate increased to 3.70% in May 2023, from the previously reported figure of 3.40% in Apr 2023. ), 3.53% (2021 est. )9.71% (2020 est. )note: these official rates may not include those working at near-subsistence farming, 12.7% (2021 est. Data on deptofnumbers.com is for informational purposes only. )25.34% (2019 est. Unemployment Rate (UNRATE) | FRED | St. Louis Fed Unemployment also fell sharply for Asian Americans, dropping to 2.5% while the level for Hispanics fell to 3.9%, both declines of 0.3 percentage points. NEW OBITUARIES NOW UNDER ARCHIVES/TRIBUNE PDF EDITION. The data is reported by reported by U.S. Bureau of Labor Statistics. ), 4.33% (2021 est. ), 3.54% (2021 est. ), 5.96% (2021 est. )3.49% (2020 est. )9.48% (2020 est. ), 2.59% (2021 est. )1.85% (2019 est. )10.35% (2020 est. ), 7.51% (2021 est. ), 1.79% (2021 est. )15.04% (2020 est. )8.1% (2020 est. This is lower than the long term average of 5.72%. )5.27% (2019 est. ), 16.2% (2021 est. )18.3% (2019 est. )note: official rate; unofficial rate is approximately 30%, 4.9% (2021 est. U.K. unemployment rate for 2021 was 4.53%, a 0.05% increasefrom 2020. ), 1.42% (2021 est. )6.58% (2020 est. ), 7.36% (2021 est. By clicking Accept All Cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. CMIE's Natasha Somayya K said that the unemployment rate in the country among people aged 15 years and above fell to 7.7 per cent in May 2023 This is a decent decline when compared to the 8.5 percent unemployment rate in the month of April 2023. The three-month average payroll gains edged down to 184,000 in December from 200,000 in November. )12.17% (2020 est. In this equation, "unemployed workers" must be age 16 or older and must have been available to work full-time in the past four weeks. )7.06% (2019 est. )5.36% (2019 est. The data pertaining to educational attainment shows that 55 percent of the labour force completed secondary school, four percent of schooling only at the primary level or none at all, while 26 percent had completed university. Officials of BNSI announced the preliminary results of the latest Labour Force survey on Friday afternoon, the first conducted in more than three years. Unemployment rates for a large state like Texas give a good idea on the health of the economy. )1.49% (2020 est. Also, the jobless rate for Hispanics also hit a new record low, while the level for African Americans maintained its lowest ever. )4.69% (2019 est. )3.24% (2020 est. )6.26% (2019 est. )8.19% (2019 est. When the unemployment rate is high, there are fewer workers. )6.46% (2020 est. See the table below for more data. The Texas Unemployment rate most notably increased to 9.6% in 1986 due to a large number of commercial bank failures in the state. )3.28% (2019 est. 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She is a financial therapist and transformational coach, with a special interest in helping women learn how to invest. )10.74% (2019 est. )17.26% (2019 est. Payroll employment increases by 339,000 in May; unemployment rate rises to 3.7% 06/02/2023 Total nonfarm payroll employment increased by 339,000 in May, and )28.39% (2020 est. ), 4.99% (2021 est. )note: about one-third of the people are underemployed, 5.32% (2021 est. )6.71% (2019 est. ), 4.61% (2021 est. ), 10.45% (2021 est. Unemployment ), 3.69% (2021 est. )1.8% (2019 est. ), 8.68% (2021 est. )1.78% (2020 est. )2.45% (2019 est. Unemployment rates for the years 1929 through 1947 were calculated from a different BLS source due to current BLS data only going back to 1948. )8.37% (2020 est. The central bank meets Oct. 29-30, with markets expecting another quarter-point rate cut, though the probability declined bit to about 79% following the jobs report. )19.03% (2020 est. )5.7% (2019 est. For European Union countries where monthly LFS information is not available, the monthly unemployed figures are estimated by Eurostat. There is no data available for your selected dates. Unemployment Rate )6.1% (2020 est. )12.47% (2019 est. ), 13.91% (2021 est. )13.32% (2020 est. )9.16% (2020 est. )6.08% (2020 est. With reference to the employed labour force, Ms Winters revealed that the majority of those self-employed members of the labour force were calculated to be in Abaco where men dominated the category. ), 10.06% (2021 est. Unemployment hit a fresh 50-year low in September even though nonfarm payrolls rose by just 136,000 as the economy nears full employment, the Labor )3.93% (2020 est. )3.91% (2019 est. The CMIE, a private economic think tank cited the decline in labour participation for the unemployment rate decreasing in India. )2.92% (2020 est. )4.45% (2019 est. )4.65% (2020 est. )0.72% (2019 est. Greece: Old government with New Democracy: Mitsotakis wins again, Italy: Consumer confidence improves in June, Czech Republic: Economic sentiment falls again in June, The Worlds Top 5 Largest Economies in 2026. ), 30.5% (2017 est. There are now 121,188 fewer people unemployed in the state. )NA, 33.56% (2021 est. WebLabor Force Environment Crime Immigration Other Unemployment Rate Youth Unemployment Rate Participation Rate Unemployment refers to the share of the labor force that is without work but available for and seeking employment. )12.52% (2019 est. )6.33% (2019 est. ), 9.33% (2021 est. Aged 16-24 Aged 25-49 Aged 50-64 AGED 16-24 AGED 25-49 AGED 50-64 Source: Office for National Statistics (Jul 2021-Jun 2022) Things are different in other age groups. ), 1.26% (2021 est. )7.41% (2020 est. Non-farm payrolls increased by 145,000 in December, underwhelming market expectations of 164,000 and down from Novembers downwardly revised 256,000 job gains (previously reported: 266,000). The nonfarm payrolls count missed the 145,000 estimate from economists surveyed by Dow Jones; the expectation on the jobless rate was to hold steady at 3.7%. ), 4.8% (2021 est. ), 1.57% (2021 est. ), 7.41% (2021 est. )4.3% (2020 est. )5.67% (2019 est. )6.69% (2019 est. Unemployment Rate in April 2023 is Estimated at 4.5 Percent The total labor force increased by 117,000, while the employment-to-population ratio increased one-tenth of a point to 61%. )3.55% (2020 est. Note: All comparisons are made with April data as May state level unemployment data has not yet been released. Includes 319 key indicators for United States, curated by CEIC analysts. )2.86% (2019 est. )17.31% (2019 est. )3.54% (2019 est. 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With the news of recession likely to come in developed countries and layoffs taking place across the globe, there reportedly seems to be some not-so-good news for India.
