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
The recent improvement in consumer sentiment is almost entirely a rural India story
Shortcomings such as delayed payments must be fixed
Manufacturing accounted for 40 million jobs in 2019-20. In the first quarter this dropped to 24.6 million, implying a loss of over 15 million manufacturing jobs
Economic recovery either stopped in the third quarter or it stopped showing up in recovery in employment
The spike in the rate could also be attributed to a slightly higher willingness among women to participate in the job market
Given that men continue to be considered as the principal earning member of a household, women are unlikely to accept poor quality jobs
Fiscal 2019-20 ended with an employment rate of 39.4%. It fell to 27.2% in April 2020 but, it recovered 300 basis points to reach 30.2% in May
The labour participation rate in September at 40.7% was 199 basis points lower than the average labour participation rate of 42.7% in 2019-20
Employment in the category of white collar professional employees and other employees has been rising steadily since 2016 when the survey began tracking them
In August, barring an exceptional spike in one week, the labour participation rate has been slipping
The study found that 29 per cent of migrants, who had left for villages, are now back in cities, while 45 per cent want to return to cities
Will frontload expenditure of Rs 50,000 crore in next 125 days towards 25 areas of work in 116 districts spread across six states
Instead of the promised 100 days of work, average work provided stood just shy of one-fifth of it in this financial year till June 9
Preliminary and partial data for December indicate that labour participation is recovering from the November fall, but perhaps, not enough to make November look like an aberration
The fall in the unemployment rate, by weekly status methodology basis, came as employment among regular wage employees and a section of self-employed workers increased during the period
After a rapid fall from the early-June peak, the unemployment rate has been rising steadily
India is among the worst performing countries in this respect in the Asia-Pacific region
He also said the current state of non-performing assets in the banking system is a "major concern"