Page 5 - Cmie Data

Indian labour market now in worst condition since Apr-May 2020: CMIE

The employment rate continues to worsen amid the second wave of Covid-19

Recovery faces demand constraints

While the supply-side has sprung back at least in the large organised sectors, the demand side continues to remain broken. The demand constraints will pose a challenge to the recovery process

Job losses mount in April

The employment rate fell from 37.6 per cent in March to 36.8 per cent in April

Manufacturing employment nearly half of what it was five years ago

Manufacturing accounts for nearly 17% of India's GDP, but the sector has seen employment decline sharply in last 5 years - from employing 51 million Indians in 2016-17 to reach 27.3 million in 2020-21

Pessimism on the rise: Consumer sentiment weakens in April amid Covid surge

Consumer sentiments have been battered particularly badly during the last three weeks

Second coronavirus wave leaves another 7 million people jobless in India

Unemployment increased to 7.97% from 6.5% in March, with more than seven million jobs lost last month, according to data from Centre for Monitoring Indian Economy

Adrift in April

Low employment rates and low labour participation rates leave enough people free to participate in endless political rallies and mammoth religious congregations

Households wary of discretionary spending

The RBI Current Situation Index has been negative in all surveys conducted in the past four years except the one in March 2019

Consumer durables companies' price gamble

The festive season is over and demand for most consumer durables has weakened. Companies are therefore testing a difficult market as they seek to protect their margins

Year begins well as January recovers employment loss of past three months

Employment in India is still lower than it was before the lockdown, but there are lesser unemployed people willing to work as well. The recovery is still incomplete but, we made good progress in Jan

In India's K-shaped economic recovery, keep a watch on middle-income groups

India's better-than-expected recovery story was scripted by households, and not government spending or private sector investments

As economy slows down, India would need to create 8 mn jobs every year

The real challenge is in raising the labour participation and employment rates

Labour conditions worsening. Expect job losses in August

In August, barring an exceptional spike in one week, the labour participation rate has been slipping

Jobs for youngsters dwindle in slowing economy hit by Covid-19, lockdown

Slowly, the age profile of the workforce is shifting towards the relatively old workers

18.9 mn salaried people lost jobs since April, 5 mn in July, says CMIE

The loss of around 5 million jobs in July comes after around 3.9 million jobs were gained in June, as per the data

Bengal's 6.5% jobless rate in June 'far better' than that of India: Mamata

This is an outcome of the economic strategy adopted by the state government to tackle the Covid-19 crisis and the devastation caused by cyclone Amphan, Banerjee said

Unemployment rate falls sharply in June as people return to work

The fall in the unemployment rate is doubly appealing as it is accompanied by an increase in the labour participation rate

India's unemployment rate in May rises to 23.48%, show CMIE data

India's infrastructure output, contributing nearly 40 per cent in industrial production, contracted 38.1 per cent in April

India's unemployment rate soars to 27.11% amid Covid-19 crisis: CMIE

The Mumbai-based think tank said the rate of unemployment was the highest in the urban areas

Slight ease in lockdown gives hope to the desperate, improves employment

The count of the unemployed who were actively looking for jobs during the week of April 26 was around 76 mn. In the earlier weeks, it was close to 100 mn