The country's unemployment rate in July fell to 6.80 per cent, the lowest level in the last six months, amid rising agriculture activities during monsoon, according to Centre for Monitoring Indian Economy (CMIE) data. The unemployment rate dropped to 6.80 per cent in July from 7.80 per cent in June, the CMIE data said. Rural unemployment declined 6.14 per cent to 272.1 million last month from 265.2 million or 8.03 per cent in June, it said.
In the past 10 years, over 500 PSB officers have died by suicide. When targets are overwhelming, senior management and customers are both impatient, and there is constant fear, not every banker has the resilience to survive and thrive, warns Tamal Bandyopadhyay.
Union labour minister Dr Mansukh Mandaviya on Thursday said employment in the country has increased by 36 per cent to 64.33 crore in 2023-24 from 47.15 crore in 2014-15, which shows improvement in job creation during NDA period.
Hosabale blamed the "faulty' economic policies of the earlier governments for the "ills" in the economy.
'What is going on is the under counting of the migration population in urban areas.' 'It has been going on in the last few censuses.'
Australia, Canada, US and UK are restricting immigration, but other countries are opening their doors.
The unemployment rate in the euro zone has hit the highest since 1995 with the economic crisis forcing many companies to slash jobs.
A surge in violent crimes, including targeted killings, has raised concerns about law and order in Bihar. Police attribute the rise to the widespread availability of illegal firearms and ammunition.
It would be larger than even in the pandemic year of 2020-2021, notes Mahesh Vyas.
'India has a skill shortage of 56%.' 'This is a very interesting paradox -- the unemployment rate is 6% to 7%, and at the same time 20% of those qualified are unemployed.'
Urban employment rate increased to 34.96 per cent in February. This is the highest employment rate recorded in urban India since September 2020.
Despite facing financial constraints, Kerala has been able to invest in welfare schemes and targeted programmes.
Schemes like the Mukhyamantri Majhi Ladki Bahin Yojana strain fiscal resources amid rising unemployment and prices of food items.
The employment rate in the country declined marginally from 39.2 per cent to 38.6 per cent between 2009-10 and 2011-12, the Rajya Sabha was informed on Wednesday.
Households with only one employed person can be considered to be somewhat vulnerable. Their proportion is rising. Also rising is the proportion of highly vulnerable households with no person employed, observes Mahesh Vyas.
'The government should act proactively to instil confidence in the private investors, and also boost the purchasing power of people directly or indirectly by ensuring minimum wages.'
According to a UN Report, 205 million people were unemployed in 2010.
The number of fresh formal jobs generated in a month increased to a seven-month high in April, signalling a recovery in the formal labour market in the country, according to the latest monthly payroll data released by the Employees' Provident Fund Organisation (EPFO) on Thursday. In April, the number of new monthly subscribers under the Employees' Provident Fund (EPF) sequentially increased by 18.77 per cent to 887,438 from 747,146 in March.
There are challenges galore before him, and it is not going to be easy. In the next four years, he has to conjure a system that changes the optics about him and the BJP both nationally and internationally so that he can ride back on his own, claim the top slot, and not have to lean on a coalition, asserts Ramesh Menon as Modi 3.0 completes a year in power.
Investors' wealth plummeted by Rs 5.49 lakh crore on Friday as markets faced a massive correction tracking a weak trend in global peers and fresh foreign fund outflows. Falling for the third day running, the 30-share BSE Sensex tumbled 1,017.23 points or 1.24 per cent to settle at 81,183.93. During the day, it plunged 1,219.23 points or 1.48 per cent to 80,981.93.
The Congress president tagged a Business Standard story which cited a report which said the unemployment rate is highest in 45 years.
The unemployment rate is higher among urban women as was the case before the pandemic.
But, the Wall Street Journal said that the US labour market is operating with millions fewer jobs than in February, the month before the coronavirus pandemic struck the country's economy.
The fall in the employment rate translated into a 2.6 million fall in absolute employment between December 2022 and March 2023. Most of this fall was in March 2023.
The unemployment rate in the GCC reached 8.8 per cent in 2009 and is expected to increase to 10.5 per cent this year, said the report titled 'GCC Unemployment: Sustainable Economies'.
The Reserve Bank of India's interest rate decision, macroeconomic data and global trends will drive investors' sentiment this week, with markets hoping to continue the positive momentum after ending FY24 on a buoyant note, analysts said. In addition, the trading activity of foreign investors, the rupee-dollar trend and the movement of global oil benchmark Brent crude would also influence trading in equity markets. The 30-share BSE Sensex climbed 14,659.83 points or 24.85 per cent in the 2023-24.
Niti Aayog vice-chairman Rajiv Kumar debunked claims of jobless growth, saying how can a country grow at an average of 7 per cent without employment.
India's economic growth forecast for 2025 has been revised downward to 6.3 per cent, and despite a projected moderation, the country remains one of the fastest-growing large economies, supported by resilient consumption and government spending, the United Nations has said.
Notwithstanding marginal growth in employment, there were as many as 28 million unemployed persons in the country in 2009-10.
South Asian countries, led by India, registered a rapid economic growth in 2010 and their unemployment rates dipped marginally from the previous year, says the latest annual Global Employment Trends (GET) report of the International Labour Organisation (ILO).
In what would surely come as intriguing information for policy-makers, a Labour Ministry survey has found that with an increase in education levels in the country, the unemployment rate was also increasing across age groups.
Going by the latest data, the unemployment rate rose by 0.1 per cent to 7.9 per cent for the three months to April.
There may be some losers as well as winners. And those who lose their jobs to the new technology will soon find other employment, says Martin Feldstein.
Incredible though it may sound, only 2 out of every 100 person in the country is unemployed as against 10 out of 100 in the United States, according to a recent survey by a central government agency.
The unemployment rate in 27 major cities has declined by two percentage points during 1999-2000 and 2004-05.
India remains the largest growing economy in the world, a senior official from the International Monetary Fund said, observing that the country's macroeconomic fundamentals are good. "India is said to remain the largest growing economy in the world. We project growth at seven per cent in FY24-25, supported by recovery in rural consumption, as there have been favourable harvests.
Investors' wealth eroded by Rs 9.51 lakh crore on Monday morning, following a crash in equity markets where the benchmark Sensex tanked over 2,400 points, mirroring a sharp plunge in global peers. The 30-share BSE benchmark tanked 2,401.49 points to 78,580.46 in early trade. Following the sharp decline in equities, the market capitalisation of BSE-listed firms dropped by Rs 9,51,771.37 crore to Rs 4,47,65,174.76 crore ($5.35 trillion) during the morning trade.
Loot Kaand tries to concoct a crime drama that arouses some curiosity but is instantly forgettable, observes Deepa Gahlot.
In 2022-2023, 15.5 per cent of women were unemployed compared to 11.2 per cent in 2017-2018. For every one woman employed, 10 men got a job.
Haryana is witnessing a multi-cornered contest this time, with the ruling Bharatiya Janata Party facing anti-incumbency and a resurgent Congress.
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