Vasanth cited the Periodic Labour Force Survey (PLFS) report and said there has been no substantial improvement in employment between July 2023 and June 2024
The unemployment rate for people aged 15 years and above in urban areas dipped to 6.4 per cent in the July-September quarter, according to the National Sample Survey Survey (NSSO). Joblessness, or unemployment rate, is defined as the percentage of unemployed people in the labour force. The unemployment rate in the September quarter of FY24 was 6.6 per cent. The unemployment rate for people aged 15 years and above in the previous April-June quarter of FY25 was 6.6 per cent in urban areas, the 24th Periodic Labour Force Survey (PLFS) showed. The unemployment rate among females (aged 15 years and above) in urban areas declined to 8.4 per cent in July-September 2024 from 8.6 per cent in the same quarter a year ago. The rate was 9 per cent in April-June, 2024. Among males, the unemployment rate in urban areas declined to 5.7 per cent in July-September 2024 from 6 per cent in the same quarter a year ago. The rate was 5.8 per cent in April-June 2024. Labour force participation rate in .
Experts argue that India's economy has not created enough quality jobs to meet the needs of its growing labour force, particularly for young, educated individuals
Unemployment rate for persons aged 15 years and above has remained unchanged at 3.2 per cent in July 2023 to June 2024, according to the labour force survey annual report released on Monday. The unemployment rate (UR) is defined as the percentage of persons unemployed among the persons in the labour force. The report stated that while the UR for male has shown a marginal decline from 3.3 per cent during July 2022 June 2023 to 3.2 per per cent during July 2023 June 2024, among female it has increased from 2.9 per cent to 3.2 per cent during the same time span. Labour Force Participation Rate (LFPR) in usual status for persons of age 15 years and above was 60.1 per cent during July 2023 - June 2024 higher than 57.9 per cent in the previous year. The same for male and female was 78.8 per cent and 41.7 per cent, respectively. LFPR is defined as the percentage of persons in labour force (i.e. working or seeking or available for work) in the population. LFPR for female of age 15 year
Canada's economy had been losing steam under the pressure of high interest rates, and most of the growth seen earlier in the year was primarily led by increase in population
Initial claims for state unemployment benefits dropped 7,000 to a seasonally adjusted 227,000 for the week ended Aug. 10, the Labour Department said
Report expresses concern over number of youth in NEET, which stood at 20.4% globally
Unemployment rate stood at 7.9% in July, down from 9.2 per cent reported in previous month
Union Labour Minister Mansukh Mandaviya assured the Lok Sabha that employment generation efforts by Prime Minister Narendra Modi has led to significant reduction in the unemployment rate
The Modi government has only one mission and that is to "keep the youth jobless", Congress president Mallikarjun Kharge alleged on Tuesday in a scathing attack against the Centre on the issue of unemployment. The Modi government may be refuting independent economic reports like the one by Citigroup on unemployment but how will it deny government data, Kharge asked in a lengthy post on X citing various reports. "The truth is that Modi government is solely responsible for shattering the dreams of crores of youth in the last 10 years," he alleged. Kharge said the latest government data punctures the government's claims. According to NSSO's (National Sample Survey Office) Annual Survey of Unincorporated Sector Enterprises, in the manufacturing sector, 54 lakh jobs were lost in unincorporated units in the seven years between 2015 and 2023, he said. "In 2010-11, 10.8 crore employees were employed in unincorporated, non-agricultural enterprises across India, which has become 10.96 crore
Pay is rising faster than in other segments of the economy
Rural areas continue to experience higher unemployment rates, with joblessness growing to 9.3 per cent in June 2024 from 6.3 per cent in May 2024 and 8.8 per cent in June 2023
The Ministry of Statistics & Programme Implementation will continue to focus on technology to reduce the time lag between surveys to enable evidence-based policy making and increase the frequency of such periodic studies, said a senior official. Addressing a 'Data user conference on Household Consumption Expenditure Survey (HCES) 2022-23' Statistics Secretary Saurabh Garg said, "Use of technology is something which we will continue to focus on as we move ahead. The purpose of that is to ensure that the time period between surveys can be reduced." Citing examples of HCES, PLFS (periodic labour force survey), he said many of these surveys are annual and the ministry is trying to find out which of these surveys can be made quarterly or even monthly. Later talking to reporters on the sidelines, Garg said the ministry is looking at making PLFS a monthly study. Presently, PLFS is brought out quarterly and annually. Considering the importance of availability of labour force data at more .
The labor market is steadily rebalancing in the wake of 525 basis points worth of interest rate hikes from the Federal Reserve since March 2022 to slow demand in the overall economy
The International Monetary Fund in April raised its 2024 forecasts for global growth to 3.2% from the 3.1% estimated in January, largely due to an improvement in the U.S. outlook
Previously, the jobless rate in urban areas has been steadily declining since the high of 12.6 per cent reported during the April-June quarter of FY22 during the peak of the pandemic
In FY24, the number of job seekers selected via the portal surged by 53 per cent to reach 8.72 million, compared to 5.72 million in FY23
Unemployment is the primary concern for Assam's first-time voters in addition to other national and state issues including inflation, GDP, infrastructure development, foreigners' problem, and the Citizenship Amendment Act (CAA). Talking to PTI, youths flagged a host of issues from local college and university matters to broader national concerns, emphasising their intention to vote based on candidates' manifestos. "We have seen that the ruling parties are carrying out development works. But I want to say that development is an ongoing process and it should continue forever. I believe that the most important issue is the foreigners problem," said Arunav Dutta, the general secretary of Jagannath Barooah College Students' Union. The related issue of Citizenship (Amendment) Act, 2019 is also very important nowadays and first-time voters are aware of the "consequences" of this law, he added. "Moreover, the unemployment issue is very important for us. Price rise of various essential item
The U.S. central bank has kept its policy rate in the 5.25%-5.50% range since July. It has raised the benchmark overnight interest rate by 525 basis points since March of 2022
Raghuram Rajan's remarks come at a time when unemployment remains a major issue in India, with a survey by Lokniti-CSDS revealing that 27% of voters consider it their top concern