Unemployment In India

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Unemployment rate rises to 3-month high of 7.8% in March, says CMIE

India's unemployment rose to a three-month high in March to 7.8 per cent as the country's labour markets deteriorated, according to data from the Centre for Monitoring Indian Economy (CMIE). Unemployment rate in the country surged in December 2022 to 8.30 per cent but declined in January to 7.14 per cent. It edged up again in February to 7.45 per cent, the CMIE data released on Saturday showed. During March, the unemployment rate in urban areas was at 8.4 per cent while in the rural areas it was at 7.5 per cent. "India's labour markets deteriorated in March 2023. The unemployment rate increased from 7.5 per cent in February to 7.8 per cent in March. The effect of this is compounded by the simultaneous fall in the labour force participation rate, which fell from 39.9 per cent to 39.8 per cent," CMIE managing director Mahesh Vyas told PTI. This led to a fall in the employment rate from 36.9 per cent in February to 36.7 per cent in March, Vyas said, adding that employment fell from 40

Over 979,000 vacant posts in govt, maximum of 293,000 in railways: Centre

Over 9.79 lakh vacancies exist in different central government departments, including a highest of 2.93 lakh in railways, as on March 1, 2021, Union Minister of State for Personnel Jitendra Singh said on Wednesday. He said the occurrence and filling up of vacancies is a continuous process, as per the requirement of various ministries, departments and organisations of the Central government. "Government has already issued instructions to all ministries/departments for timely filling up of the unfilled posts. Rozgar melas being organised by government of India are expected to act as catalyst in further employment generation," he said in a written reply. Besides railways, there were 2.64 lakh vacant posts in defence (civil), 1.43 lakh in home, 90,050 in posts, 80,243 in revenue, 25,934 in Indian audit and accounts department, and 9,460 in atomic energy department among others, Singh said, citing the annual report of the department of expenditure.

Statsguru: Six charts explain labour scars from Covid-19 pandemic

The share of manufacturing in employment has risen since the previous report, but at 11.6% it is lower than the 12.1% seen in 2018-19

India's unemployment rate rose to 7.45% from 7.14% in January: CMIE

India's unemployment rate rose to 7.45% in February from 7.14% in the previous month, data from the Centre for Monitoring Indian Economy (CMIE) showed on Wednesday

Unemployment rate fell in 2021-22

The rate of unemployment has declined the most for urban women and the least for rural women

Japan to open hotels in 30 cities of UP, boost employment opportunities

Yogi Adityanath government's efforts of harnessing UP's tourism potential have not only led to an increased influx of domestic and foreign tourists

Not sufficient emphasis on jobs in FY24 budget, Ex-RBI Governor Subbarao

Former RBI governor D Subbarao on Thursday said there was not 'sufficient emphasis' on jobs in the Budget for 2023-24 and it failed to grapple with the unemployment problem head on, except to believe that growth itself will generate jobs. Subbarao noted that the unemployment problem was quite bad even before the Covid and it has become alarming as a result of the pandemic. "I was disappointed that there was not sufficient emphasis on jobs (in the Budget for 2023-24) ...mere growth will not do; we need job intensive growth," he told PTI in an interview. The former RBI governor was asked what was his biggest disappointment with the Budget. According to Subbarao, roughly a million people join the labour force every month and India is not able to create even half as many jobs. "As a result, the unemployment problem is not just growing but is becoming a crisis," he pointed out. While noting that there is no single or simple solution to problem as big and complex as unemployment, Subba

Election on mind: Amid OPS push, bid to keep govt staff happy

Unimpressed Oppn says Budget has nothing for poor, unemployed

Education challenges of employment

India suffers from a poorly educated workforce that is confined to poor quality jobs. Most employment is informal and in the unorganised sector

Baghel announces allowance for unemployed youth from next financial year

In a major announcement ahead of the Chhattisgarh Assembly polls due this year-end, Chief Minister Bhupesh Baghel on Thursday said unemployed youth will be given a monthly allowance in the state from the next financial year. It was one of the key promises made by the Congress ahead of the 2018 Assembly polls, following which the party returned to power in the state after a gap of 15 years. Addressing people on the occasion of the Republic Day on Thursday after unfurling the national flag at the Lalbag Parade grounds in Jagdalpur, the headquarters of Bastar district, Baghel made a number of other announcements, including setting up of an aerocity near Raipur airport, housing assistance scheme for labourers and a scheme to promote women entrepreneurship, apparently eyeing the Assembly elections. Unemployed youth will be given an unemployment allowance every month from the next financial year (2023-24), Baghel said without specify the amount. An aerocity will be developed near the Swa

Consumer sentiments to remain buoyant

Small traders and daily wage labourers had recorded a sharp 22 per cent increase in their ICS between June and September 2022

Step out of your homes against inflation, unemployment: Congress Prez

Kharge said Rahul Gandhi is standing against the hatred and appealed to the people to join his mega walkathon

Uptick in female labour force participation

Around 0.28 million women aged 20-29 entered the labour force in this period, according to CMIE's Consumer Pyramids Household Survey data

Divergent consumer sentiments

The Index of Consumer Sentiments shrunk by 0.9% in December 2022 after having declined by 1.7% in November

Govt cautions against private surveys on unemployment, alleges bias

Labour ministry's response comes after private group's data showed India's unemployment rose to a 16-month high of 8.3 per cent in Dec

India's jobless rate rises to three-month high of 8% in Nov: CMIE data

India's unemployment rate rose to 8.0% in November, highest in three months, from 7.77% in the previous month, data from the Centre for Monitoring Indian Economy (CMIE) showed

Unemployment rate rising in December

The unemployment rate was over 8% in all three weeks that ended in December

Worker Population Ratio continues to grow, up by 5.8% in 4 years: Centre

An increase in the worker population ratio reflects the higher engagement of people in productive activities, said union minister Jitendra Singh

Govt wants to discuss global warming over joblessness: TMC MP Derek O'Brien

TMC MP Derek O'Brien on Thursday listed a slew of issues that the opposition parties want to discuss in Parliament and claimed that the government only wants to discuss global warming. On Wednesday, opposition parties met and strategised on issues they would raise in Parliament. "Opposition parties including TMC want #Parliament to discuss now: 1. Federal structure. Economic blockade destabilizing state govts 2. NE issues, focus Meghalaya 3. Unemployment 4. Price rise 5. Misuse of central agencies 6. China GOVT STUNT. To avoid these, discuss Global Warming," tweeted O'Brien.