Page 11 - Unemployment In India

Consumer sentiment's recovery path

The problem is that this recovery is grossly inadequate and the rate of recovery is not only too slow but is also slowing down

India's jobless rate falls to 7.6% in March from 8.1% a month earlier: CMIE

Unemployment rate in the country is decreasing with the economy slowly returning to normal, according to CMIE data. The Centre for Monitoring Indian Economy's monthly time series data revealed that the overall unemployment rate in India was 8.10 per cent in February 2022, which fell to 7.6 per cent in March. On April 2, the ratio further dropped to 7.5 per cent, with urban unemployment rate at 8.5 per cent and rural at 7.1 per cent. Retired professor of economics at Indian Statistical Institute Abhirup Sarkar said that though the overall unemployment rate is falling, it is still high for a "poor" country like India. The decrease in the ratio shows that the economy is getting back on track after being hit by COVID-19 for two years, he said. "But still, this unemployment rate is high for India which is a poor country. Poor people, particularly in rural areas, cannot afford to remain unemployed, for which they are taking up any job which comes in their way," Sarkar said. According t

Slicing the unemployed by class

In 2019-20, the poorest households accounted for 9.8% of all the households and only 3.2% of all the unemployed

Middle income surge in 2021-22

Consumer sentiments had fallen by 15.7 per cent between March and June 2021 - the period of the second wave of Covid-19. The recovery since June has more than covered that fall

Joblessness rate down to 12.6% in April-June 2021, says NSO survey

The estimates of unemployed persons in CWS give an average picture of unemployment in a short period of seven days during the survey period

High school graduates win jobs

Jobs held by graduates and post-graduates (graduates-plus) were increasing steadily till the pandemic

RSS stresses on 'Bharat-centric' job models to tackle unemployment

The Rashtriya Swayamsevak Sangh (RSS) has called for "Bharat-centric" models of employment generation to strengthen the economy and achieve sustainable and holistic development

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

BS Number Wise: Jobs added for women, but gender disparity remains

In 2021-22, one female will hold a job for every four males employed. In 2020-21, the ratio was 1:5

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

4 in 10 employees may switch jobs in India in 2022: Qualtrics report

Prioritising employee wellbeing, creating a culture of belonging, and ensuring employees feel like their career goals can be met are also important drivers of intent to stay in India: Report

Signs of economic recovery

Consumer sentiment has been, by far, the most sluggish economic indicator in the post-lockdown recovery story so far

The treacherous labour statistics

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

Punjab polls: In Hoshiarpur, Rahul Gandhi attacks Centre over unemployment

Why doesn't Narendra Modi not talk about employment and why doesn't he speak about black money nowadays, said Gandhi

Central govt responsible for unemployment emergency: Rahul Gandhi

He cited a media report which claimed that over 25,000 people have committed suicide between 2018 and 2020 due to debt and unemployment

Hiring demand almost flat in January due to Omicron conditions: Report

Hiring demand was almost flat in January witnessing a one per cent fall compared to the previous month, reflecting the cautious approach of Indian employers due to Omicron conditions, according to a report. On account of the third COVID-19 wave, the retail sector saw of dip of 8 per cent in demand sequentially, travel and tourism also witnessed an 8 per cent fall, while home appliances slipped 5 per cent, according to the Monster Employment Index (MEI), a comprehensive monthly job analysis report by Monster India. While agro (5 per cent) and BFSI (4 per cent) sectors continued to grow on a monthly basis, according to the report. The fall of 5 per cent in home appliances was followed by a drop of 5 per cent in FMCG and food & packaged food, BPO/ITES (-3 per cent), production and manufacturing (2 per cent), and engineering, cement, construction, iron/ steel (2 per cent) industries that showed a negative trend. Further, education, telecom/ISP, and healthcare, biotech and life ...

Over 16,000 committed suicide due to bankruptcy in 3 years: Govt

9,140 people ended their lives due to unemployment between 2018 and 2020

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

'Many job opportunities available as India on way to become world leader'

Union minister Jitendra Singh said abundance employment opportunities will emerge from the jump in capex announced in Budget 2022

Jumla for India, jobs for China: Rahul targets govt on 'Make in India'

He alleged that the imports from China are at an all-time high under the Modi government as it has "destroyed" the medium and small industries and unorganised sector that creates jobs