Page 9 - Consumer Sentiment Indicator

Does govt see a crisis as big as 2008-09 today? The Devil is in the data

Does the government see such a big crisis today? Unlikely. But, the devil in the data must be exorcised

Labour market scene worsens in June, unemployment at 7.9% from 7.2% in May

The unemployment rate had risen sharply initially during the month of June 2019. During the week ended June 9, the unemployment rate was at its peak at 9 per cent

Labour migrates to its last resort

There are two possible explanations to this odd migration to tend to farms and livestock

Young women return to labour markets: Economy must meet their aspirations

Labour statistics from CMIE's Consumer Pyramids Household Survey for the period Jan-Apr 2019 shows a perceptible increase in the labour force participation rate of women in the age group 20-24 years

Employment rate differences between PLFS & CPHS

The PLFS-CWS definition of a person being classified as employed allows more people to be called employed than the CMIE-CPHS definition

Comparing PLFS and CPHS estimates

The differences between the two surveys, as presented in the report, do not make a sufficiently strong case to suggest comparisons would be misleading

Palliatives are no solutions

NYAY by the Congress raises the bar of support to Rs 6,000 per month. And there is a growing argument that the MGNREGA should be extended to urban regions

Gadkari's wish of unemployment rate falling to 3-4% in 2 yrs must come true

The minister does not make lose statements, and he is smart enough to have been extra cautious, especially as he was being interviewed by someone like Karan Thapar

Voters want jobs more than anything else

CMIE surveys regularly show the deteriorating situation on the jobs front. Leaks of government surveys point in the same direction

Elections cause higher employment and unemployment rates

Weekly estimates of the unemployment rate during March 2019, for example, did indicate a declining trend

Corporate sector jobs slowdown

A proxy for growth in head-count would be the growth in what the companies spend on compensation to employees

NYAY works against jobs

The Congress has probably assumed that there is no solution to the jobs challenge. And so it may have deduced that if jobs cannot be provided, it may at least provide the poor with assured incomes

Toothless chowkidars

Frying pakoras or becoming chowkidars is nobody's life ambition. Similarly, when students graduate they look for jobs. They cannot provide jobs

Tragedies of the educated unemployed

During September-December 2018, the average unemployment rate was 6.7%

Answering questions on the unemployment rate

Does the CMIE survey include people who work in the unorganised sectors? Does it include informal jobs or the new age jobs like Ola and Uber taxi operators or Swiggy delivery boys?

Employment rate falls in February 2019

In every month of 2018 and in the months of 2019 so far, the ratio has always been lower than it was in the corresponding month of the previous year

Building bridges

Fast-frequency measures on employment/unemployment are available for free from CMIE. Government should capitalise on these and concentrate its resources on the EUS and on building strong human capital

More townies, please

The final unemployment rate in December 2018 turns out to be 7.02 per cent compared to the preliminary estimate of 7.38 per cent released earlier

India kissing goodbye to demographic dividend

Weekly estimates show that the unemployment rate has regained its higher levels in the two weeks ended February 3 and February 10

Satyameva Jayate

I have no doubt that the data published in Business Standard are indeed NSSO estimates