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Why it is important to create jobs, not merely count employment numbers

While jobs mean employment in the organized set-up, 'employment' by itself could include working on own farms or as daily labourers or even hawking bananas at a bus station

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Mahesh Vyas
Last week, the labour ministry released data on employment in the organised sector during the quarter ended March 2017. Effectively, this also makes available estimates of employment created in the organised sector during fiscal 2016-17. These estimates are made from the Labour Bureau's Quarterly Employment Survey of selected sectors. The sectors covered by the QES include units that employ 10 persons or more in the manufacturing, construction, trade, transport, hotels and restaurants, IT/BPO, education and health industries. The survey is conducted on a sample of about 11,000 units and population estimates are derived using appropriate weights.
 
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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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