India's unemployment rate eased to 6.98% in October from as high as 23.5% in April, according to private research firm Centre for Monitoring Indian Economy
The most recent data pertains to the July-September 2019 quarter. At that point of time, India's gross domestic product growth was on a decline for more than a year
In FY20, 170,000 new jobs were added, while the net addition was 176,000 in FY19, shows a CARE Ratings report
The minister also called for broadbasing support for innovations and entrepreneurship so that bonafide new talent also gets a chance to grow
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He added that this is on account of the demand for talent and services, which is "only going to explode given the role that technology is playing today and in future"
While the pandemic has destroyed livelihoods worldwide, leaving people without jobs, some of biggest hits are likely to be taken by families in countries like India that have few social safety nets
The recovery is largely in informal jobs. The situation has worsened for the salaried class
Ind-Ra said the new National Education Policy 2020 will enable creative learning among students and boost their employment prospects
The big gain in employment is happening in rural India and it might see bigger gains in the months to come or at least sustain the momentum
The fall in the unemployment rate is doubly appealing as it is accompanied by an increase in the labour participation rate
The fortnightly index pointed that while India's overall confidence remains steady, the country's confidence in jobs is beginning to trend downward
The labour participation rate trend seems to tell a story of some interesting changes in the labour markets
The small relaxations in the lockdown since April 20 have not had any positive impact on the unemployment rate, yet
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The job market across cities registered a double-digit dip in hiring.
The economic impact of this lockdown by design is evidently huge. Its impact on the livelihood of vulnerable sections of society is immeasurably bigger
Loans have become an important line of business in north Bihar.
Exports zoom but job growth at 3-month low
Relatively stable or tending-to-rise unemployment rate combined with falling labour participation indicate employment rate is falling