Employment gains

Employment increased from 402.9 million in April to 404 million in May

India’s employment data for May 2022 shows stability at the macro level and simultaneously a positive movement of labour at the sectoral level. The macro-level stability is evident in the most important labour market indicator — the employment rate. It increased marginally from 37.05 per cent in April to 37.07 per cent in May 2022. This improvement was the result of a small fall in the labour participation rate but a larger fall in the unemployment rate. What this means is that while the number of people seeking employment declined marginally, a smaller proportion of those who were seeking employment