Business Standard

Rise in employment in June is like India returning from a precipice

The number of employed increased from a low of 399 million in May 2018 to 404 million in June

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Mahesh Vyas
Several estimates obtained from CMIE's Consumer Pyramids Household Survey (CPHS) point towards a significant improvement in employment conditions during June 2018. The month brings to a halt a continuous deterioration in employment conditions during several preceding months.

The labour force expanded by 6.7 million, employed persons increased by 4.7 million and count of the unemployed increased by 2 million. 

The population subset that is relevant to employment/unemployment discussions is the one that is of 15 years of age or more. Natural growth leads to an increase of about 2 million in this population set, on an average, in a month.
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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