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- IT firms show drop in attrition rate in FY 12
- 1.4 Lakh new Jobs in Railway
- HSBC Bank in India to Lay off 300 employees
- Dhanlaxmi Bank – staff salary to cut by 40%
- Job Prospects in different sectors of the World
- HCL Technologies hiring will include 3,000 positions in India
- Unemployment Leads To Lesser Consumption, Worries Industrialists
- Times of attrition and lay-offs are now over
- TCS is all set to hire 43,600 engineering graduates in India
- More Construction Related Jobs On The Way
- New airports will create jobs!
- HCL Technologies hiring will include 3,000 positions in India
- Infrastructure Jobs Boom Headed to Andhra Pradesh
Unemployment Leads To Lesser Consumption, Worries Industrialists
Statistics indicates that the rate of unemployemt in USA is on a all time high after 26 years.As a result the US consumers have cut down on their expenses on cars, mobiles and clothes. In June this year the US consumer confidence has slipped down further below as the rate of jobless persons rose to 9.5 percent. Major companies Google Inc and Microsoft Corp witnessed decline in their profit growth. Finland-based company Nokia had to suffer 67 percent loss in their net income.
On the other hand,Toyota Motor Corp., Honda Motor Co., Nissan Motor Co., suffered huge losses because of lower demand in the U.S. Even the aviation industry in US too seems to be under the grapple of recession as many of the nine biggest U.S. air carriers, including Delta Air Lines Inc., American Airlines, and United Airlines have shown a combined quarterly loss of $1 billion.
Though earnings of Wal-Mart Stores Inc., have fared better than its competitors yet its distribution seems to be worst affected.
