Page 6 - Unemployment In India

Signs of economic recovery

Consumer sentiment has been, by far, the most sluggish economic indicator in the post-lockdown recovery story so far

The treacherous labour statistics

Employment did not exp­and to absorb the unemplo­yed in January. On the contr­ary, it shrank by 3.3 million

Punjab polls: In Hoshiarpur, Rahul Gandhi attacks Centre over unemployment

Why doesn't Narendra Modi not talk about employment and why doesn't he speak about black money nowadays, said Gandhi

Central govt responsible for unemployment emergency: Rahul Gandhi

He cited a media report which claimed that over 25,000 people have committed suicide between 2018 and 2020 due to debt and unemployment

Hiring demand almost flat in January due to Omicron conditions: Report

Hiring demand was almost flat in January witnessing a one per cent fall compared to the previous month, reflecting the cautious approach of Indian employers due to Omicron conditions, according to a report. On account of the third COVID-19 wave, the retail sector saw of dip of 8 per cent in demand sequentially, travel and tourism also witnessed an 8 per cent fall, while home appliances slipped 5 per cent, according to the Monster Employment Index (MEI), a comprehensive monthly job analysis report by Monster India. While agro (5 per cent) and BFSI (4 per cent) sectors continued to grow on a monthly basis, according to the report. The fall of 5 per cent in home appliances was followed by a drop of 5 per cent in FMCG and food & packaged food, BPO/ITES (-3 per cent), production and manufacturing (2 per cent), and engineering, cement, construction, iron/ steel (2 per cent) industries that showed a negative trend. Further, education, telecom/ISP, and healthcare, biotech and life ...

Over 16,000 committed suicide due to bankruptcy in 3 years: Govt

9,140 people ended their lives due to unemployment between 2018 and 2020

Households liked the Union Budget

While equity markets react to budget announcements in real time, households we believe, take a little longer to digest it. Households are not as cued in as financial markets are

'Many job opportunities available as India on way to become world leader'

Union minister Jitendra Singh said abundance employment opportunities will emerge from the jump in capex announced in Budget 2022

Jumla for India, jobs for China: Rahul targets govt on 'Make in India'

He alleged that the imports from China are at an all-time high under the Modi government as it has "destroyed" the medium and small industries and unorganised sector that creates jobs

872,000 vacant posts in govt departments: Centre tells Rajya Sabha

As many as 9,10,153 vacancies existed as on March 1, 2019 and 6,83,823 as on March 1, 2018, according to a written reply given by Minister of State for Personnel Jitendra Singh

India's unemployment rate falls to 6.57%, lowest since March 2021: CMIE

India's unemployment rate witnessed a sharp decline to 6.57 per cent in January, the lowest since March 2021

Employment and the government

Almost every political party promises jobs during elections. But, governments do not seem to recognise the problem of employment adequately

Sentiments recovering in January

At 60.3, the index was at its highest in November 2021 since its fall in April 2020 following the Covid-induced lockdown

Varun Gandhi visits Pilibhit, targets govt over inflation, unemployment

Targeting his own party's government over inflation and unemployment, local BJP MP Varun Gandhi on Wednesday said important resources of the country were being sold in the name of privatisation. Stressing that the country is passing through a difficult time, Gandhi, who is on a two-day visit to his constituency, said inflation is touching the sky and unemployment is increasing rapidly. To add to the woes, vital resources of the country are being sold in the name of privatisation, he said, adding, "Think what will happen to the country when everything is sold." According to the statement issued by his private secretary M R Malik, the MP visited about 18 villages in Pilibhit. Addressing the people of his constituency, Gandhi said they needed to be aware of corrupt politics. "Today politics is full of selfishness and corruption. Worry about the country, bring honest people into politics. Choose such leaders who will remove your suffering by considering it as their own," he said. The

India's employment challenge

In each of the last three months - October, November and December 2021, the unemployment rate has been at 7 per cent or more

Consumer sentiments weaken in Dec, pose challenge to recovery of economy

In 2021, the growth in the proportion of households reporting an improvement in incomes has not translated into a proportionate increase in households reporting an inclination to buy consumer durables

Employment data disappoints in November

According to World Bank's modelled ILO estimates, only 17 countries are worse than India on LPR

Rural India unimpressed by farm law repeal

Farmers' perception regarding their future well-being is obviously linked to the outcome of their agitation

Manufacturing jobs yet to recover

Wages have grown at a faster rate in the non-finance services sector compa­red to manufacturing

Sluggish recovery after sharp fall

The inverse relationship between household income levels and the rate of recovery in consumer sentiments is both disappointing and counter-intuitive. But the data is unambiguous