Page 4 - Cmie

Labour participation rate higher in rural India between Jan-Apr 2022: CMIE

Economic research think-tank Centre for Monitoring Indian Economy (CMIE) has estimated that labour participation rate (LPR) was higher in rural India during the period January to April 2022. LPR, defined as the number of persons of the labour force employed as a percentage of working age population, is 40.9 in rural India as compared to 37.4 in urban India during the period January to April 2022. According to CMIE, the percentage of LPR among urban male is much higher at 64.2 per cent as against 6.7 per cent among urban female. During the period unemployment rate in India was 7.43 per cent, with 7.8 per cent in urban India and 7.2 per cent in rural areas. CMIE said that a society where a large proportion of the adult population join the labour force and are mostly gainfully employed, is one which is free from economic vulnerability. Such a society automatically motivates households to spend more to improve the quality of life and in the process it propels economic growth and more

A robust industrial recovery

Employment among industrial workers increased further by about a million in the January-April 2022 Wave

From households to enterprises to markets, expectations drive decisions

Expectations play an important role in decision-making. Enterprises and the financial markets, for example, allocate funds that reflect their expectations

India adds 8.8 mn new jobs in April; yet inadequate to meet demand: CMIE

It may be useful to note that the 8.8 million increase in April comes after a 12 million fall during the preceding three months: CMIE

Why is India facing a shortage of gig workers?

The fledgling online delivery platforms are suddenly facing a shortage of delivery partners. Why are gig workers in such a short supply? How is this affecting food delivery and quick commerce firms?

India's jobless rate rises to 7.83% in April, Haryana tops the list: CMIE

Economists say job opportunities have been hit by sluggish domestic demand and the slow pace of economic recovery amid rising prices

Unemployment at peak in Haryana, but govt in denial mode: MLA Balraj Kundu

"The government speaks a white lie when it claims the unemployment rate in the state is only around 6 per cent," Kundu told reporters here

Farmers are doing well

In 2022, India will record the fifth consecutive year of bumper wheat crop

Consumer sentiments improve

The improvement in sentiments during the early months of 2022 essentially reflects an increase in the proportion of households that believe that their current household incomes are better than they we

Why even a UP win won't stem the current regime's slide

Given the magnitude of unemployment, it will be difficult to resolve regardless of whoever becomes chief minister of UP

What do the unemployed do?

The delinking of activities from employment status allows a better understanding of what the unemployed do, or as CPHS informs us, what is the nature of occupation of the unemployed

The treacherous labour statistics

Employment did not exp­and to absorb the unemplo­yed in January. On the contr­ary, it shrank by 3.3 million

Households liked the Union Budget

While equity markets react to budget announcements in real time, households we believe, take a little longer to digest it. Households are not as cued in as financial markets are

Omicron a flash flood, not a wave, economic recovery remains strong: RBI

Infection surge due to Omicron has dented recovery only temporarily

How India affords a falling LPR

We find that the fall in LPR since 2016 has been accompanied with a fall in the proportion of households where more than one person is employed

Households have not recovered

Economic growth is supposed to deliver on these counts and not just on tax collections or freight movement or foreign trade

Here's how India's gig economy and its $5-trn goal by 2025 are connected

By upgrading or augmenting skills, equipping modern tools for better efficiency, people at gig jobs can earn more, some becoming even micro-entrepreneurs

Avert hunger: Continue free rations and MNREGA jobs

At a time like this when the poor are barely beginning to get their household economy together, any weakening of their twin lifelines - free rations and MNREGA - would be grossly insensitive

Employment increases in rural India

In all the major labour market metrics, it is rural India that shows big improvements. Labour conditions improved in urban India also but not as much as they did in rural India

Employment increases by 8.5 million in September, shows CMIE data

The employment in salaried jobs increased to 84.1 million in September from 77.1 million in August