Page 4 - Cmie Data

India's employment challenge

In each of the last three months - October, November and December 2021, the unemployment rate has been at 7 per cent or more

Households have not recovered

Economic growth is supposed to deliver on these counts and not just on tax collections or freight movement or foreign trade

India's labour market distress

Implications for growth story will be severe

Employment data disappoints in November

According to World Bank's modelled ILO estimates, only 17 countries are worse than India on LPR

Manufacturing jobs yet to recover

Wages have grown at a faster rate in the non-finance services sector compa­red to manufacturing

Sluggish recovery after sharp fall

The inverse relationship between household income levels and the rate of recovery in consumer sentiments is both disappointing and counter-intuitive. But the data is unambiguous

Household incomes better, caution prevails

Change in household income is one of the five components of the Index of Consumer Sentiments

An IT, ITeS labour conundrum

The top 10 companies account for about 91 per cent of all employment among listed IT and/or ITeS firms and they make 92.4 per cent of all wage payments to them

Households cautiously optimistic

The index of consumer sentiments scaled up by a handsome 7.9 per cent in September

Employment increases in rural India

In all the major labour market metrics, it is rural India that shows big improvements. Labour conditions improved in urban India also but not as much as they did in rural India

An incomplete and exhausted recovery

In August 2021, seventeen months after that draconian lockdown of April 2020, employment continues to remain lower than it was in 2019-20

Middle-class rural India holds a promise

Unless a disruption erupts again, rural India seemed poised to help a recovery in consumer demand

From farms to the kitchen sink

Excess or seasonal labour released from agriculture usually finds its way to construction sites. In the circumstances labour seems to have found employment in the household sector

Sentiments recovery lags in middle-income households

While the recovery in sentiments in July is impressive, it needs better traction in the critical income groups

India adds 16 mn jobs in July mostly in agri, construction sectors: CMIE

India witnessed an addition of 16 million jobs in July mainly in the agriculture and construction sectors, however, the number of salaried jobs fell by 3.2 million in the same month, according to CMIE

Consumer sentiments improve in July

The July recovery in consumer sentiments is not only substantial but it is also spread evenly and robustly across regions

Employment recovery expected in July

But, the recovery was incomplete because the employment rate, which is the working age population that is employed, never repaired with its pre-Covid levels

New projects drop 13% sequentially in June quarter due to Covid: CMIE data

Value of completed projects halved to Rs 50,000 crore; Figures are 70-95% on YoY basis because of national lockdown at the time

India's June jobless rate falls to 9.17% from 11.90% in May: CMIE

India's June unemployment rate fell to 9.17% from the May figure of 11.90%, data from the Centre for Monitoring Indian Economy (CMIE) showed on Thursday

India's jobless rate slides 8.7% in signs economy is turning around

Rate for the week to June 13 fell to 8.7% from 13.6% a week ago, data from Centre for Monitoring Indian Economy showed.