Page 6 - Unemployment Rate

India's unemployment rate drops to 6.43% in September, shows CMIE

India's unemployment rate has drastically dropped to 6.43 per cent in September due to an increase in labour participation in the rural and urban areas, according to data from the Centre for Monitoring Indian Economy (CMIE). During August, India's unemployment rate surged to a one-year high of 8.3 per cent as employment sequentially fell by 2 million to 394.6 million. "In September, the unemployment rate has fallen significantly with an increase in labour participation in both urban and rural areas," CMIE managing director Mahesh Vyas told PTI over the phone on Saturday. The unemployment rate in the rural areas fell to 5.84 per cent in September from 7.68 per cent in August, while in the urban areas it dropped to 7.70 per cent against 9.57 per cent in the previous month, according to the data. The nearly 8 million increase in labour participation is a sign that the economy of the country is doing well, Vyas added. According to the CMIE data, the unemployment rate was the highest i

South Korea's unemployment rate hits all-time low in August, says data

The number of employed people stood at 28.41 million in August, up 807,000 from a year earlier, according to the data compiled by Statistics Korea

Employment fell in August 2022

This rise in the unemployment rate reflects the inability of the economy to provide adequate jobs at a time when the demand for jobs from people increased

India's urban unemployment rate improves across genders, says NSO

India's urban unemployment rate improved across genders and age groups to its best-ever level in the quarter ending June 2022

Unemployment rate drops for fourth straight quarter, lowest in 4 yrs: PLFS

This is the lowest unemployment rate recorded in the last 4 years, from the time NSO launched India's first computer-based survey in April 2017

High unemployment rates in lower, mid income countries after Covid: Study

In contrast, during the global economic crisis of 2008-2009, higher-income nations suffered more from the recession than did lower-income nations

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

Recovery in youth employment continues to lag worldwide: ILO report

Although the number of unemployed young people worldwide fell from 75 million in 2021 to 73 million in 2022, it is six million more than pre-pandemic levels

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

Canada's employment declines in June by 0.2%, unemployment rate at 4.9%

Canada's employment fell by 43,000, or 0.2 per cent, in June, marking the first decline not associated with a tightening of public health restrictions since the beginning of the Covid-19 pandemic

Unemployment rate rises to 7.8% in June with loss of 13 mn jobs: CMIE

The country's unemployment rate has shot up at 7.80 per cent in June with the loss of 13 million jobs, mainly in the agriculture sector, according to the data released by CMIE

Unemployment rate dips to 8.2% in Jan-Mar 2022, shows NSO survey

Joblessness was high in January-March in 2021 mainly due to the staggering impact of the lockdown restrictions in the country, which were imposed to curb the spread of the deadly coronavirus.

Job at hand: India far behind other nations in public sector employment

India is still far behind the US, China and others in public sector employment

Making urban MNREGA workable: A question of getting the structure right

The urban population is more educated and generally has a different set of job preferences than the rural

Unemployment rate at 8.7% in October-December 2021, says NSO survey

Joblessness was high in October-December in 2020 mainly due to the staggering impact of the lockdown restrictions in the country, which were imposed to curb the spread of the deadly coronavirus

Experts not convinced about CMIE's unemployment data for April

Economists on Tuesday are not convinced about the latest monthly unemployment data released by the Centre for Monitoring India Economy (CMIE), particularly about the statistics of the rural areas.

India's unemployment rate rose to 7.83% in April, shows CMIE data

The unemployment rate in urban areas was higher at 9.22 per cent compared to 8.28 per cent in March, the data released on Monday showed

India's big problem

Unemployment continues to worry

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