jobs report

In today’s skill-first job market, degrees have lost their dominance—but access hasn't caught up. While students from Tier 1 cities thrive with structured guidance, mentorship, and early exposure, their equally capable Tier 2 and 3 counterparts remain sidelined by systemic gaps. The employability crisis in India is not about talent scarcity, but a deep-rooted infrastructure divide.

Wall Street saw gains due to a positive US jobs report. The S&P 500 neared a long winning streak. The Dow and Nasdaq also rose. Tech stocks led the gains, except for Apple, which fell due to tariff concerns. Financial stocks also performed well. The market is watching the impact of tariffs and potential Federal Reserve rate cuts.

Asian stock markets experienced gains following Wall Street's rebound, despite ongoing concerns about the economic impact of US tariffs. Japan's Nikkei 225 rose after the Bank of Japan held interest rates steady, while investors await the US jobs report for further economic insights.

The 2025 Human Development Report recognises India as a burgeoning "AI powerhouse," showcasing significant AI skills penetration and improved talent retention. Notably, 20% of Indian AI researchers now stay in the country, a stark contrast to 2019. The report emphasises AI's potential to revitalise development, with surveys indicating widespread optimism about its impact on productivity and job creation.

US job openings declined in March, signaling economic uncertainty linked to President Trump's trade policies, despite a pause on tariffs for most countries except China. The Labor Department reported 7.2 million positions, below expectations and a recent low. While voluntary resignations suggest worker confidence, economists caution that stability may be temporary.

US private sector hiring cooled markedly last month, according to data from payroll firm ADP published Wednesday, as uncertainty around President Donald Trump's tariff rollout complicated hiring decisions. The data covers the period earlier this month when US President Donald Trump introduced sweeping tariffs against most countries, unleashing volatility in the financial markets and sending stock values plunging.

PwC has recently laid off approximately 1,500 employees in the U.S., primarily affecting staff in audit and tax departments, due to lower staff turnover and a business review. This decision follows similar job cuts announced by other Big Four firms like Deloitte and KPMG, who are also addressing moderating growth and low attrition rates.

Telus International, a Meta contractor, is laying off over 2,000 content moderators in Barcelona after Meta ended their contract. This decision follows Meta's move to reduce third-party fact-checking and shift content moderation policies, mirroring X's approach with a community notes system. The union has secured an agreement for compensation for the affected workers.

Global share markets displayed mixed performance amid light trading as oil prices declined following OPEC+'s decision to increase production. US futures experienced a dip, while European markets showed varied results. The OPEC+ decision is speculated to be influenced by US pressure, impacting oil prices and raising concerns about the global economic effects of trade policies.

Bill Belichick and Jordon Hudson face criticism after a CBS interview. Concerns arise about Hudson's influence on Belichick's role at the University of North Carolina. Some fans accuse Hudson of interfering with Belichick's career. Social media users express strong opinions about their relationship. The university has not commented on the matter.

Despite escalating trade tensions and economic uncertainty, initial jobless claims unexpectedly fell, indicating resilience in the labor market. However, economists remain cautious due to tariff impacts and potential inflation. While employers hesitate to lay off workers, some trade-exposed businesses have initiated modest job cuts, and the median duration of unemployment has increased, signaling potential challenges ahead.

American consumer confidence has plummeted to its lowest point since the pandemic's start, driven by tariff concerns under President Trump's administration. The Conference Board reported a significant drop in April, with nearly a third of consumers anticipating job slowdowns, reminiscent of the Great Recession.

Tesla's India head has resigned after nine years, amidst preparations for the company's entry into the Indian market. Tesla's China team will now manage Indian operations, with no immediate replacement named. Despite this leadership change, Tesla is progressing with its India launch plans, securing retail locations and posting job openings, coinciding with potential tariff reductions from US-India trade talks.

Gold price prediction: Gold prices experienced recent corrections after hitting record highs amidst global economic uncertainty. Trade tensions, dollar strength, and China's market holiday impacted bullion markets. Investors await the Federal Reserve's FOMC meeting for policy clarity.