Page 3 - Cmie Data

Haryana's stormy labour markets

According to its Economic Survey, in 2021-22, Haryana's per capita net state domestic product at Rs 2,74,635 was nearly twice the national average of Rs 1,50,326

Employment fell in August 2022

This rise in the unemployment rate reflects the inability of the economy to provide adequate jobs at a time when the demand for jobs from people increased

Households hesitant to spend

Rural India's steep fall in willingness to spend on consumer durables and urban India's scepticism regarding their future well-being is worrisome

India's unemployment rate zooms to 1-year high of 8.3% in Aug: CMIE

India's unemployment rate surged to a one-year high of 8.3 per cent in August as employment sequentially fell by 2 million to 394.6 million, according to data from the Centre for Monitoring Indian Economy (CMIE). During July, the unemployment rate was at 6.8 per cent and the employment was 397 million, the CMIE data added. "The urban unemployment rate is usually higher at about 8 per cent than the rural unemployment rate, which is usually around 7 per cent. In August the urban unemployment rate shot up to 9.6 per cent and rural unemployment rate also increased to 7.7 per cent," CMIE managing director Mahesh Vyas told PTI. Vyas further stated that erratic rainfall affected sowing activities and this is one of the reasons for the increase in unemployment in rural India. The unemployment rate in rural India rose from 6.1 per cent in July to 7.7 per cent in August. More importantly, the employment rate fell from 37.6 per cent to 37.3 per cent. "Going forward, the rural unemployment ra

India's low youth employment rate

The 15-24 years age group has a relatively low labour participation rate (LPR). Between 2016-17 and 2021-22, while the average was 42.6%, the LPR for the youth was much lower at 22.7%

Rural stress

Most of the souring of sentiments emanated from rural India. It is likely that the principal reason for this is the behaviour of the southwest monsoon

A partial recovery in July

Labour statistics for July show that a recovery did indeed take place in rural India. But, this has turned out to be grossly inadequate

Retreat of female labour participation

About 34 per cent of people in the age group 20-24 years sought employment during the January-April 2022 period

New project investments hint at road to normalcy, touch Rs 3.57 trn in Q1

Around Rs 87,000 crore worth of projects were completed in June 2022. The completion rate was 22.5 per cent higher than last year

Consumer sentiments uncertain

Consumer expectations in rural India were down by 1.7 per cent in May while expectations in urban India improved by 6.4 per cent

Sentiments sour

It is quite possible that the controls on export of wheat and sugar could have caused the sentiments in general and expectations in particular to sour in recent times

Labour participation rate higher in rural India between Jan-Apr 2022: CMIE

Economic research think-tank Centre for Monitoring Indian Economy (CMIE) has estimated that labour participation rate (LPR) was higher in rural India during the period January to April 2022. LPR, defined as the number of persons of the labour force employed as a percentage of working age population, is 40.9 in rural India as compared to 37.4 in urban India during the period January to April 2022. According to CMIE, the percentage of LPR among urban male is much higher at 64.2 per cent as against 6.7 per cent among urban female. During the period unemployment rate in India was 7.43 per cent, with 7.8 per cent in urban India and 7.2 per cent in rural areas. CMIE said that a society where a large proportion of the adult population join the labour force and are mostly gainfully employed, is one which is free from economic vulnerability. Such a society automatically motivates households to spend more to improve the quality of life and in the process it propels economic growth and more

A robust industrial recovery

Employment among industrial workers increased further by about a million in the January-April 2022 Wave

From households to enterprises to markets, expectations drive decisions

Expectations play an important role in decision-making. Enterprises and the financial markets, for example, allocate funds that reflect their expectations

India adds 8.8 mn new jobs in April; yet inadequate to meet demand: CMIE

It may be useful to note that the 8.8 million increase in April comes after a 12 million fall during the preceding three months: CMIE

Bustling labour markets in April

The labour force increased by 8.8 million - from 428.4 million in March 2022 to 437.2 million in April 2022

Experts not convinced about CMIE's unemployment data for April

Economists on Tuesday are not convinced about the latest monthly unemployment data released by the Centre for Monitoring India Economy (CMIE), particularly about the statistics of the rural areas.

Millions of Indians exiting labour force no longer looking for jobs: CMIE

Now, more than half of the 900 million Indians of legal working age -- roughly the population of the US and Russia combined -- don't want a job, according to the CMIE

Farmers are doing well

In 2022, India will record the fifth consecutive year of bumper wheat crop

Communal djinn and the vanishing State

Though there is no direct evidence that unemployed youth are drawn into furthering the communal agenda, they have lately erupted in job-related agitations for reservations and inclusion in OBC lists