Bangalore has been reported as the worst affected city in terms of employment as well as business outlook due to the ongoing economic turbulence.
The city’s employment outlook depreciated from 75 in the last quarter to 72 in the current quarter, according to a joint TeamLease-IIJT Employment Outlook report which says the economic scenario is likely to have a spillover affect on hiring between January and March, 2013.
This is because both the net employment and the business outlook registered a 2 and 1 point drop in their indexes respectively, indicating stagnant hiring outlook in the forthcoming quarter.
These figures come close on the heels of a report by industry body Assocham which said that new job creation between January-December 15 this year fell by over 21 per cent to 5.3 lakh jobs in the country amid sluggish growth.
According to the report, engineering and IT sectors are likely to witness negative growth, while sales, marketing and blue collar jobs will be the most sought-after over the next three months.