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Employment could expand in October

The week ended October 17 was remarkable as it saw an increase in the LPR and a simultaneous fall in the unemployment rate

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Employment | BS Opinion | unemployment rate

Mahesh Vyas 



Mahesh Vyas

An extraordinary September saw 8.5 million additional people being employed. Recent history tells us that gains in made in a month are easily wiped out in subsequent months and the net gain over a few months turns out to be negligible. If such a trend were to continue, a significant part of the created in September could just come unstuck in October. However, there seem to be good enough reasons to believe that October would also see an expansion in . Of course, there is still some catch-up to do to match the India provided in 2019-20. India provided 406.2 million in September 2021 compared to 408.9 million in 2019-20. But, the prospects of breaching the 2019-20 level are bright.

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First Published: Mon, October 18 2021. 23:59 IST

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