Page 2 - Cmie

Capex on new projects declines further in Q2 amid higher borrowing costs

Higher global borrowing costs are expected to affect growth prospects

Haryana's superior quality of employment

Haryana is a rich state with a relatively high per capita income. People here are therefore apparently less willing to take up informal employment in the unorganised sector

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

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

AAP's promise of private sector jobs for locals in Gujarat: Status check

Similar laws by Andhra Pradesh and Haryana have been challenged in courts, with critics arguing that they violate Article 16(2) and (3) of the Constitution

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

Education as disguised unemployment

As the labour market is unable to absorb new labour, the composition of the workforce (those who are employed) is increasingly ageing

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

Rains key to consumer sentiments now

The recovery of consumer sentiments in rur­al India in July is likely a reflection of the improved economic prospects of the agricultural sector

Need to boost manufacturing to create jobs, says Anand Mahindra

"Only 40 per cent of the labour force that is capable of working is actually working or looking for work. The biggest sufferers are youth and women," said Mahindra.

MGNREGA work demand dips in July on heavy monsoon rains, sowing progress

In June, India received almost 8 per cent below-normal rains. This jumped to 17 per cent above normal in July

India's unemployment lowest in six months at 6.8% in July: CMIE data

Urban unemployment jumped to 8.21 per cent in July from 7.80 per cent in June as the number of jobs fell both in industry as well as services

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

Employment gains

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

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

Labour participation rate higher in rural India between Jan-Apr 2022: CMIE

Economic research think-tank Centre for Monitoring Indian Economy (CMIE) has estimated that labour participation rate (LPR) was higher in rural India during the period January to April 2022. LPR, defined as the number of persons of the labour force employed as a percentage of working age population, is 40.9 in rural India as compared to 37.4 in urban India during the period January to April 2022. According to CMIE, the percentage of LPR among urban male is much higher at 64.2 per cent as against 6.7 per cent among urban female. During the period unemployment rate in India was 7.43 per cent, with 7.8 per cent in urban India and 7.2 per cent in rural areas. CMIE said that a society where a large proportion of the adult population join the labour force and are mostly gainfully employed, is one which is free from economic vulnerability. Such a society automatically motivates households to spend more to improve the quality of life and in the process it propels economic growth and more

A robust industrial recovery

Employment among industrial workers increased further by about a million in the January-April 2022 Wave

From households to enterprises to markets, expectations drive decisions

Expectations play an important role in decision-making. Enterprises and the financial markets, for example, allocate funds that reflect their expectations

India adds 8.8 mn new jobs in April; yet inadequate to meet demand: CMIE

It may be useful to note that the 8.8 million increase in April comes after a 12 million fall during the preceding three months: CMIE