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White-collar hiring remains muted in June; AI, FMCG show strong growth

Business Standard LogoBusiness Standard2d ago

White-collar hiring remains muted in June; AI, FMCG show strong growth - Business Standard

Quick Summary:

Hiring for white-collar jobs in June 2024 experienced a decline compared to the same month last year, highlighting the continued challenges faced in the job market.

However, there were some positive highlights, with sectors like pharma/ biotech, Artificial Intelligence and Machine Learning (AI-ML), and Fast-Moving Consumer Goods (FMCG) showing notable growth, with a 20 per cent and 12 per cent spike in hirings respectively.

Unicorn companies recorded an impressive 30 per cent growth, overshadowing the subdued hiring in smaller startups.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-02 @ 10:23:51 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 579 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21454570

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About Business Standard

Business Standard Logo

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 232 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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The story "White-collar hiring remains muted in June; AI, FMCG show strong growth" was covered 2 days ago by Business Standard, a news publisher based in India.

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