Page 5 - Cmie Data

Employment increases in rural India

In all the major labour market metrics, it is rural India that shows big improvements. Labour conditions improved in urban India also but not as much as they did in rural India

An incomplete and exhausted recovery

In August 2021, seventeen months after that draconian lockdown of April 2020, employment continues to remain lower than it was in 2019-20

Middle-class rural India holds a promise

Unless a disruption erupts again, rural India seemed poised to help a recovery in consumer demand

From farms to the kitchen sink

Excess or seasonal labour released from agriculture usually finds its way to construction sites. In the circumstances labour seems to have found employment in the household sector

Sentiments recovery lags in middle-income households

While the recovery in sentiments in July is impressive, it needs better traction in the critical income groups

India adds 16 mn jobs in July mostly in agri, construction sectors: CMIE

India witnessed an addition of 16 million jobs in July mainly in the agriculture and construction sectors, however, the number of salaried jobs fell by 3.2 million in the same month, according to CMIE

Consumer sentiments improve in July

The July recovery in consumer sentiments is not only substantial but it is also spread evenly and robustly across regions

Employment recovery expected in July

But, the recovery was incomplete because the employment rate, which is the working age population that is employed, never repaired with its pre-Covid levels

New projects drop 13% sequentially in June quarter due to Covid: CMIE data

Value of completed projects halved to Rs 50,000 crore; Figures are 70-95% on YoY basis because of national lockdown at the time

India's June jobless rate falls to 9.17% from 11.90% in May: CMIE

India's June unemployment rate fell to 9.17% from the May figure of 11.90%, data from the Centre for Monitoring Indian Economy (CMIE) showed on Thursday

India's jobless rate slides 8.7% in signs economy is turning around

Rate for the week to June 13 fell to 8.7% from 13.6% a week ago, data from Centre for Monitoring Indian Economy showed.

Indian labour market now in worst condition since Apr-May 2020: CMIE

The employment rate continues to worsen amid the second wave of Covid-19

Recovery faces demand constraints

While the supply-side has sprung back at least in the large organised sectors, the demand side continues to remain broken. The demand constraints will pose a challenge to the recovery process

Job losses mount in April

The employment rate fell from 37.6 per cent in March to 36.8 per cent in April

Manufacturing employment nearly half of what it was five years ago

Manufacturing accounts for nearly 17% of India's GDP, but the sector has seen employment decline sharply in last 5 years - from employing 51 million Indians in 2016-17 to reach 27.3 million in 2020-21

Pessimism on the rise: Consumer sentiment weakens in April amid Covid surge

Consumer sentiments have been battered particularly badly during the last three weeks

Second coronavirus wave leaves another 7 million people jobless in India

Unemployment increased to 7.97% from 6.5% in March, with more than seven million jobs lost last month, according to data from Centre for Monitoring Indian Economy

Adrift in April

Low employment rates and low labour participation rates leave enough people free to participate in endless political rallies and mammoth religious congregations

Households wary of discretionary spending

The RBI Current Situation Index has been negative in all surveys conducted in the past four years except the one in March 2019

Consumer durables companies' price gamble

The festive season is over and demand for most consumer durables has weakened. Companies are therefore testing a difficult market as they seek to protect their margins