Page 15 - Unemployment In India

Employment numbers for rural, urban India show economic recovery still weak

Fiscal 2019-20 ended with an employment rate of 39.4%. It fell to 27.2% in April 2020 but, it recovered 300 basis points to reach 30.2% in May

As economy slows down, India would need to create 8 mn jobs every year

The real challenge is in raising the labour participation and employment rates

Labour Bureau to conduct 3 surveys to gauge employment situation

Labour Bureau would conduct three surveys on migration, domestic workers and professional bodies for evaluating the employment situation in the country especially during the coronavirus pandemic

Employment rate targeting must be at the heart of Indian policymaking

The labour participation rate in September at 40.7% was 199 basis points lower than the average labour participation rate of 42.7% in 2019-20

Statsguru: From socialising to learning, how the unemployed spend time

Among other things, the unemployed spend significantly more time educating themselves than the employed, shows the data

Firms can now convert permanent jobs into fixed-term contracts

The Industrial Relations (IR) Code, 2020, notified on September 29, has allowed companies to hire contract workers directly through fixed-term contract, known as fixed-term employment

Employment may not mean work, wages: Lockdown broke down old assumptions

Employment and work are very closely related but the two are in fact, distinct

Employment rate could get worse as govt won't spend, private sector can't

The fall in the unemployment rate seen in recent weeks is meaningless and misleading in the face of a falling labour participation rate and a falling trend in the employment rate

A changing narrative about the Prime Minister can unravel his leadership

Facing reversals on every front, anger against the govt, especially amongst the youth seems to be growing and this can create problems for the PM and BJP

Engineers, teachers, accountants: Biggest job loss among salaried employees

Employment in the category of white collar professional employees and other employees has been rising steadily since 2016 when the survey began tracking them

Rahul launches attack on Centre over migrant workers' death during lockdown

Did no migrant workers die during the COVID-19 induced lockdown phase if the Centre does not have any record of the same, said Congress leader Rahul Gandhi on Tuesday targeting the Central government

India's hiring outlook bleakest in 15 yrs; only 3% firms planning to hire

India is witnessing the weakest hiring sentiment in 15 years with just 3 per cent companies planning to add staff in the next three months, a survey of over 800 employers said on Tuesday.

Covid-19 impact: 21 mn salaried jobs lost in lockdown-hit slowing economy

The damage is likely to be deeper, among industrial workers and also white-collar workers

Labour conditions worsening. Expect job losses in August

In August, barring an exceptional spike in one week, the labour participation rate has been slipping

Jobs for youngsters dwindle in slowing economy hit by Covid-19, lockdown

Slowly, the age profile of the workforce is shifting towards the relatively old workers

Apart from benefit hike, recent ESIC move to make jobless claims easier too

Relief would be given after 30 days of unemployment as against 90 days at present; no burden on exchequer as ESIC has surplus funds

Q1 snapshot of the Indian economy: Attaining recovery will be a long haul

The severity of contraction in economic activities due to Covid-19 is declining, but sustainable recovery is far away still. A K Bhattacharya explains the problems and positives for the Indian economy

A recovery to worry: Revival in employment has left out salaried jobs

The recovery is largely in informal jobs. The situation has worsened for the salaried class

A partial, slowing economic recovery underway after sharp fall of April

But, its momentum could be petering out well before the recovery is complete

Job seekers confident about career progression as economy reboots: Survey

The LinkedIn Workforce Confidence Index showed a modest increase in India's overall workforce confidence, with a composite score of (+) 50, up from (+) 48 in June 1-14.