Page 2 - Cmie Data

Growing unemployment: Battle of two parallel realities

The duality between the ground reality of tangible unemployment and the perception created by events like "rozgar melas" will likely continue till the next general election

Data goes private: Positive for India but also a challenge for the govt

The quality of some of the important economic statistics put out by the govt - for much of which there can be no comparable private substitute - remain questionable and undependable, writes T N Ninan

Unemployment rate in India surges to 7.77% in October: CMIE data

The CMIE data further revealed that the rural unemployment rate rose to 8.04 per cent in October from 5.84 per cent in September.

Rural pain pushes India's unemployment rate up to 7.7% in October: CMIE

The report said the decline in employment was mostly in rural India and mainly in non-agricultural rural India and the daily wage labourer segment was the most hit as it shrunk by nearly 15 million

Unemployment rate rose to 4-month high of 7.77% in October: CMIE data

Among the 25 states for which data is available with the CMIE, six states registered the unemployment rate in double digits

Rajasthan's Shehri Rozgar Guarantee Yojana

Rajasthan has a high unemployment rate of around 25%. In September 2022, the unemployment rate was 23.8%

When data faces reality

The employment reality is grimmer than what the household survey data tell us. This is true for Chhattisgarh as much as it is for Uttar Pradesh. And, also for other states

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

1 in 3 families may splurge over Rs 10,000 this festival season: Survey

LocalCircles report said CMIE had reported that the consumer sentiments decreased in August after rising in July

Haryana's stormy labour markets

According to its Economic Survey, in 2021-22, Haryana's per capita net state domestic product at Rs 2,74,635 was nearly twice the national average of Rs 1,50,326

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

Households hesitant to spend

Rural India's steep fall in willingness to spend on consumer durables and urban India's scepticism regarding their future well-being is worrisome

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

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%

Rural stress

Most of the souring of sentiments emanated from rural India. It is likely that the principal reason for this is the behaviour of the southwest monsoon

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

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

New project investments hint at road to normalcy, touch Rs 3.57 trn in Q1

Around Rs 87,000 crore worth of projects were completed in June 2022. The completion rate was 22.5 per cent higher than last year

Consumer sentiments uncertain

Consumer expectations in rural India were down by 1.7 per cent in May while expectations in urban India improved by 6.4 per cent

Sentiments sour

It is quite possible that the controls on export of wheat and sugar could have caused the sentiments in general and expectations in particular to sour in recent times