Page 4 - Cmie Data

Unemployment rate falls, from grace

The decline in the LPR reflects the inadequacy of the growth in employment opportunities

March quarter sees 53.6% surge in new projects at Rs 5.1 trn: CMIE data

Their value is higher than it was in December, as well as in the same quarter last year

Slicing the unemployed by class

In 2019-20, the poorest households accounted for 9.8% of all the households and only 3.2% of all the unemployed

Middle income surge in 2021-22

Consumer sentiments had fallen by 15.7 per cent between March and June 2021 - the period of the second wave of Covid-19. The recovery since June has more than covered that fall

High school graduates win jobs

Jobs held by graduates and post-graduates (graduates-plus) were increasing steadily till the pandemic

Consumer sentiments improve

The improvement in sentiments during the early months of 2022 essentially reflects an increase in the proportion of households that believe that their current household incomes are better than they we

What do the unemployed do?

The delinking of activities from employment status allows a better understanding of what the unemployed do, or as CPHS informs us, what is the nature of occupation of the unemployed

Signs of economic recovery

Consumer sentiment has been, by far, the most sluggish economic indicator in the post-lockdown recovery story so far

The treacherous labour statistics

Employment did not exp­and to absorb the unemplo­yed in January. On the contr­ary, it shrank by 3.3 million

Sentiments recovering in January

At 60.3, the index was at its highest in November 2021 since its fall in April 2020 following the Covid-induced lockdown

Haryana's unemployment rate the highest in India, shows analysis

State's education performance has also slipped in the last five years

India's employment challenge

In each of the last three months - October, November and December 2021, the unemployment rate has been at 7 per cent or more

Households have not recovered

Economic growth is supposed to deliver on these counts and not just on tax collections or freight movement or foreign trade

India's labour market distress

Implications for growth story will be severe

Employment data disappoints in November

According to World Bank's modelled ILO estimates, only 17 countries are worse than India on LPR

Manufacturing jobs yet to recover

Wages have grown at a faster rate in the non-finance services sector compa­red to manufacturing

Sluggish recovery after sharp fall

The inverse relationship between household income levels and the rate of recovery in consumer sentiments is both disappointing and counter-intuitive. But the data is unambiguous

Household incomes better, caution prevails

Change in household income is one of the five components of the Index of Consumer Sentiments

An IT, ITeS labour conundrum

The top 10 companies account for about 91 per cent of all employment among listed IT and/or ITeS firms and they make 92.4 per cent of all wage payments to them

Households cautiously optimistic

The index of consumer sentiments scaled up by a handsome 7.9 per cent in September