Unemployment In India

States call for employment data creation, focused approach for quality jobs

Several states on Monday called for creation of employment data and adoption of a focused approach for creating quality jobs. The suggestions were made at the fifth regional meeting of the Union Ministry of Labour and Employment with all states and Union Territories. The meeting focused on discussions around labour reforms, the e-Shram portal, building and other construction workers (BoCW), and employment generation, reflecting the government's commitment to inclusive development and welfare of all sections of the workforce, the Ministry of Labour & Employment said in a statement. Timely and regular submission of employment returns and job fair details to the Directorate General of Employment through the modules on the National Career Service portal were also discussed, it said. Besides, adopting a consultative and consensual approach to framing state reform was also discussed in the meeting, the ministry said. Union Minister of State for Labour & Employment Sushri Shobha ...

Unemployment rate remains unchanged at 3.2% from July 2023 to June 2024

Unemployment rate for persons aged 15 years and above has remained unchanged at 3.2 per cent in July 2023 to June 2024, according to the labour force survey annual report released on Monday. The unemployment rate (UR) is defined as the percentage of persons unemployed among the persons in the labour force. The report stated that while the UR for male has shown a marginal decline from 3.3 per cent during July 2022 June 2023 to 3.2 per per cent during July 2023 June 2024, among female it has increased from 2.9 per cent to 3.2 per cent during the same time span. Labour Force Participation Rate (LFPR) in usual status for persons of age 15 years and above was 60.1 per cent during July 2023 - June 2024 higher than 57.9 per cent in the previous year. The same for male and female was 78.8 per cent and 41.7 per cent, respectively. LFPR is defined as the percentage of persons in labour force (i.e. working or seeking or available for work) in the population. LFPR for female of age 15 year

PM Modi has no vision to tackle unprecedented unemployment crisis: Cong

The Congress on Thursday claimed the country is grappling with an "unprecedented unemployment crisis" and Prime Minister Narendra Modi "has no vision" to tackle this situation and provide employment to the youth. Congress general secretary in-charge communications Jairam Ramesh shared a news article on X that cited a report released by the Bank of Baroda claiming that the growth in employment in the corporate sector slowed to 1.5 per cent in the financial year 2023-24 (FY24) from 5.7 per cent in FY23. "This is another report showing the failure of this government on the economic front. A total of 2.43 lakh jobs have been lost in the country in 2022-23. There has been massive layoffs in 375 companies," Ramesh said in his post in Hindi, citing the report. "The self-proclaimed non-biological Prime Minister talks in a hollow manner about giving two crore jobs every year and creating 80 million jobs every year, but the reality is that the country is grappling with an unprecedented ...

Unemployment rate fell 1.3 percentage points in July amid uptick in hiring

Unemployment rate stood at 7.9% in July, down from 9.2 per cent reported in previous month

Unemployment rate in state down to 6.1%, will further dip: Assam CM Sarma

Assam Chief Minister Himanta Biswa Sarma on Monday claimed that the unemployment rate in the state was gradually declining and stood at 6.1 per cent in the 2023-24 financial year. Sarma said the BJP's one of the major election promises as well as governance focus was to reduce unemployment and give the youths of the state ample growth opportunities. "After 3 years, the statistics speak for itself; unemployment is down to 6.1% and will further dip in the coming days when the results of our policy interventions will start to show up. "We are always committed to the youth of Assam!" he said in a post on X. In a graphic analysis uploaded along with the post, the CM said the unemployment ratio was 8 per cent in 2022-23. "State government's proactive policies have ensured that Assam's youths are engaged in meaningful employment," he added. He, however, did not share the details if these new jobs were created in the public sector or private entities. Sarma further said that the governm

Unemployment rate will drop below 3%, no concern for job losses: Mandaviya

Union Labour Minister Mansukh Mandaviya assured the Lok Sabha that employment generation efforts by Prime Minister Narendra Modi has led to significant reduction in the unemployment rate

10 mn youth to get internships at top companies over next 5 yrs: Mandaviya

Mandaviya applauded Union Budget and said that first budget under PM Modi's third term is aimed at increasing employment, supporting middle class, and boosting growth rate of country's economy

11% increase in US dollar withdrawals in India since May 2023: Report

Software engineers, consultants made the most such withdrawals in 18 countries, says payroll company Deel

Budget 2024: Unemployment rate among females is higher than males

More vocational and technical training is available but over two-third of the working age population has received none

India put up tariff walls. To revive factories, it must bring them down

The jobs crisis in the most-populous nation has assumed alarming proportions. Young graduates are nine times more likely to be unemployed than those who can't read or write

Budget 2024: Govt plans employment-linked incentive scheme for job creation

Budget 2024: The proposed ELI scheme may offer tax relief and wage subsidies to companies for creating employment opportunities amid rising concerns over 'jobless growth'

Manufacturing wages are heading up amid labour shortage in country

Pay is rising faster than in other segments of the economy

Unemployment rate rises to 8-month high of 9.2% in June: CMIE data

Rural areas continue to experience higher unemployment rates, with joblessness growing to 9.3 per cent in June 2024 from 6.3 per cent in May 2024 and 8.8 per cent in June 2023

CII, Nasscom to provide digital skilling to 100,000 non-IT youth in 2 years

CII said that seven target sectors have been identified to begin with

People bearing double brunt of unemployment, price rise, says Jairam Ramesh

Congress leader Jairam Ramesh on Saturday attacked the Narendra Modi government, claiming that it is nonchalant and not concerned about the issues of unemployment and price rise. In a post on X, Ramesh shared a media report on increase in food prices, and said people are bearing the double brunt of rising unemployment and price rise. The increase in the prices of kitchen essentials such as potatoes, onions, tomatoes, vegetables and pulses are witnessing record increase, he claimed in his post in Hindi. "But one-third prime minister is completely nonchalant and unconcerned," Ramesh said. The Congress general secretary claimed that Prime Minister Modi never talks about inflation. "Amid rising unemployment, people are being hit doubly by high inflation. For how long will the public bear the brunt?" Ramesh said.

Employment in informal sector below pre-Covid level, shows NSO data

According to the factsheet, the number of unincorporated enterprises rose by 2 million between July 2015-June 2016 and October 2022-September 2023 to 65.04 million

Unemployment, infra, corruption-free nation key issues for Delhi voters

From employment, inflation, better roads infrastructure, clean drinking water, women safety, education, health care services to corruption free India -- myriad of issues dominated the minds of voters when they stepped out to exercise their franchise. The seven Lok Sabha constituencies of Delhi went to polling on Saturday. A two way fight between the BJP and an alliance between the Congress and the AAP as part of the INDIA bloc is being played out in the capital. Visuals from the polling booths showed people of all ages flocking the centres while braving the sweltering heat in the city to exercise their right. "I feel proud to have carried out my democratic duty. I was the first voter in my booth and also was given a certificate by the District Election officer as a mark of appreciation," said Sunil Kumar Jha, who was the first one to cast his booth in New Delhi constituency's Gole Market. "I have voted on the issue of development," he added while appreciating the facilities and ..

Young voters set to shape India's political future in 2024 Lok Sabha Elections

The rising power of young voters in the 2024 Lok Sabha elections: How new demographics are shaping India's political future

LS polls: Vote for love not hate, against unemployment, appeals Kharge

As polling began in 49 constituencies for the fifth phase of the Lok Sabha elections, Congress president Mallikarjun Kharge on Monday urged people to vote for love and not hatred and cast their ballot against unemployment and inflation. Voting is being held in 49 constituencies in six states and two union territories in the fifth phase, which will decide the electoral fate of several prominent leaders like former Congress president Rahul Gandhi, Union ministers Rajnath Singh and Smriti Irani and former Jammu and Kashmir chief minister Omar Abdullah. In a post in Hindi on X, Kharge said, "If we want to protect democracy and the Constitution, we must vote. Before pressing the button on EVM, remember that we should vote for love and brotherhood, not for hatred." "We have to vote against unemployment and inflation, not to make a few capitalists richer. We have to vote for the protection of our fundamental rights, not for those who snatch our rights," the Congress president said. He urg

Unemployment among Indian youth is transient, says RBI MPC member Goyal

Unemployment is highest for younger age brackets, but it is 'transient' as Indian youths spend more time acquiring skills and trying hands at entrepreneurship, RBI Monetary Policy Committee (MPC) member Ashima Goyal has said. There is steady improvement in job creation in the country with the strong growth recovery, Goyal added. "Youth unemployment is higher for the more qualified, but they also earn higher wages. "Therefore, youths are spending more time acquiring skills and in job search," she told PTI. Goyal was responding to a question on the International Labour Organization (ILO) report -- which showed that in 2022, the share of unemployed youths in India's total unemployed population was nearly 83 per cent. "Unemployment is highest for younger age brackets but it is transient...While they wait, they do informal work or take risks at entrepreneurship, where a few do very well," she added. Goyal pointed out that the ILO report also shows that youth unemployment has been fal