Page 9 - Unemployment In India

India's unemployment rate zooms to 1-year high of 8.3% in Aug: CMIE

India's unemployment rate surged to a one-year high of 8.3 per cent in August as employment sequentially fell by 2 million to 394.6 million, according to data from the Centre for Monitoring Indian Economy (CMIE). During July, the unemployment rate was at 6.8 per cent and the employment was 397 million, the CMIE data added. "The urban unemployment rate is usually higher at about 8 per cent than the rural unemployment rate, which is usually around 7 per cent. In August the urban unemployment rate shot up to 9.6 per cent and rural unemployment rate also increased to 7.7 per cent," CMIE managing director Mahesh Vyas told PTI. Vyas further stated that erratic rainfall affected sowing activities and this is one of the reasons for the increase in unemployment in rural India. The unemployment rate in rural India rose from 6.1 per cent in July to 7.7 per cent in August. More importantly, the employment rate fell from 37.6 per cent to 37.3 per cent. "Going forward, the rural unemployment ra

Unemployment rate dips to 7.6% in April-June 2022, says NSO survey

The unemployment rate for persons aged 15 years and above in urban areas dipped to 7.6 per cent during April-June 2022 from 12.6 per cent a year ago, the National Statistical Office (NSO) said on Wednesday. Joblessness or unemployment rate is defined as the percentage of unemployed persons among the labour force. Joblessness was high in April-June 2021 mainly due to the staggering impact of Covid-related restrictions in the country. The latest data based on a periodic labour force survey, underlining a decline in unemployment rate amid improved labour force participation ratio, point towards a sustained economic recovery from the shadow of the pandemic. The unemployment rate for persons aged 15 years and above in January-March 2022 was 8.2 per cent in urban areas, the 15th Periodic Labour Force Survey (PLFS) showed. It also showed that the unemployment rate among females (aged 15 years and above) in urban areas declined to 9.5 per cent in April-June, 2022 from 14.3 per cent a year

India's low youth employment rate

The 15-24 years age group has a relatively low labour participation rate (LPR). Between 2016-17 and 2021-22, while the average was 42.6%, the LPR for the youth was much lower at 22.7%

10 mn apprenticeships in 10 yrs: What India needs to solve its unemployment

TeamLease and JustJobs Network report notes that instead of around 125,000 apprentices, CPSUs have only 41,250 on board

Biz ideas from students can help country get rid of unemployment: Sisodia

"By learning the concepts of entrepreneurship and establishing start-ups at a young age, students in Delhi government schools are becoming responsible citizens as well as smart entrepreneurs," he said

69% jobs in India under threat by automation in 20 years: Reports

Nearly 69 per cent of jobs in India are under threat from automation, as the country, with its relatively young workforce, is set to add 160 million new workers over the next 20 years

Need to address gap due to India's jobless growth, says Anand Mahindra

On inflation, he said that though it's a concern from the business angle, it can nevertheless provide a minimum threshold of returns on productive assets

The record of 75 years: How will India be more whole-heartedly admired?

If India addresses its institutional and policy failures, reduces its inequalities and addressing its iniquities over the next 25 years, that would truly make it an Indian century, writes T N Ninan

Over 979,000 vacant posts in central govt depts as of Mar '21: Minister

Of the total of 9,79,327 vacant posts, 23,584 are of Group A, 1,18,801 of Group B and 8,36,936 of Group C categories, he said in a written reply to a question in the Lok Sabha

India's unemployment lowest in six months at 6.8% in July: CMIE data

Urban unemployment jumped to 8.21 per cent in July from 7.80 per cent in June as the number of jobs fell both in industry as well as services

A partial recovery in July

Labour statistics for July show that a recovery did indeed take place in rural India. But, this has turned out to be grossly inadequate

Consumer sentiments recovering in July

After having scaled up by 5% in February, the index of consumer sentiment's growth rate fell in March, April and May 2022. In May and June 2022, it was a meagre 1%

Will inclusion in labour code work or do gig workers need a special law?

7.7 million people employed in the sector need welfare measures hardcoded into the law, say some experts

Retreat of female labour participation

About 34 per cent of people in the age group 20-24 years sought employment during the January-April 2022 period

'Misled, betrayed, cheated': Rahul Gandhi's dig at Modi over unemployment

Congress leader Rahul Gandhi on Friday attacked Prime Minister Narendra Modi over the issue of joblessness, asking if India's unemployed youth can use "unparliamentary" words

Rahul Gandhi slams PM Modi over rising LPG, petrol prices and unemployment

Under the BJP rule, the prices of domestic LPG cylinders went up by 157%, fuel prices broke all records and the "Gabbar Tax loot" and a "tsunami of unemployment" hit the country, he alleged.

National policy to solve unemployment need of hour: Delhi minister

The need of the hour is to formulate a national policy to solve the problem of unemployment in the country, Delhi Minister Gopal Rai said on Friday

How Agnipath is turning the spotlight on India's unemployment crisis

A military recruitment plan (Agnipath) in India that sparked last month's violent protests is turning the spotlight on an unemployment crisis plaguing the $3.2 trillion economy

Disparate and slow recovery of sentiments

Consumer sentiments have been recovering, but at a very slow pace. Worse still, this recovery has been decelerating in recent months. Further, this recovery is skewed in favour of the rich

Persistent problem

India is not creating enough jobs