Can unicorns solve the country’s youth unemployment problem?

Synopsis: Unicorns can make some impact and lessen youth unemployment, especially in urban India, but they can’t solve the country’s problem of job scarcity. Introduction In August 2021, India’s unemployment rate stood at 8.32%, worse than July’s rate of 6.96%, but similar to the rates recorded in August 2020 and August 2019, which were at… Continue reading Can unicorns solve the country’s youth unemployment problem?

A step backward: On unemployment in India

Synopsis: The periodic labour force survey (PLFS) indicates that India, far from modernising and formalising its economy, seems to be moving backwards in terms of the employment available. Introduction Recent PLF survey has stated that unemployment rate has declined by a percentage point to 4.8 per cent in 2019-20. The previous number, in the first… Continue reading A step backward: On unemployment in India

Finding work is work in progress (COVID’s impact on jobs)

Source: Times of India Relevance: Dealing with economic implications of COVID Synopsis: Reversing the pandemic hit to the job market is only a first step. The real jobs challenge still lies ahead. A brief look at the impact of COVID on the job market and the future challenges. Context Economy is coming to pre-covid level… Continue reading Finding work is work in progress (COVID’s impact on jobs)

‘Improve social security for workers’

Source: The Hindu Relevance: This article analyzes the Parliamentary Standing Committee on Labour report on the impact of the pandemic on rising unemployment. Synopsis The Parliamentary Standing Committee on Labour highlighted many issues and provided suggestions for improving employment. About the News The Parliamentary Standing Committee on Labour submitted a report on the impact of the… Continue reading ‘Improve social security for workers’

What India’s labour force survey actually says about employment

Sources: Livemint, The Indian Express and The Hindu Relevance: This article explains the recent PLFS survey and associated issues Synopsis: The Periodic Labour Force Survey (PLFS) has indirectly revealed deeply entrenched problems related to the quality of jobs being generated in the country Introduction The third annual round of the Periodic Labour Force Survey (PLFS) data… Continue reading What India’s labour force survey actually says about employment

Periodic Labour Force Survey and Unemployment in India- Explained, pointwise

Introduction The unemployment rate in India is always a reason to worry. Just before the Covid crisis at the end of the 2019-20 financial year, India had around 403.5 million employed people. But, during the second wave alone, India lost around 23 million jobs across formal and informal sectors as states and Union territories imposed… Continue reading Periodic Labour Force Survey and Unemployment in India- Explained, pointwise

Unemployment reports are misleading:Union Minister

Union Minister has said that the reports about high unemployment rate in the country are misleading and asserted that employment generation is the priority of the government. This statement came after NSSO report showed that unemployment rate across the country stood at 6.1%,the highest since 1972-73.It also showed that joblessness was higher in urban India… Continue reading Unemployment reports are misleading:Union Minister

Unemployment data based on draft report: NITI Aayog

The government think tank,NITI Aayog dismissed the National Sample Survey Office (NSSO) report on unemployment as a draft and not a final report. The report showed that unemployment rate across the country stood at 6.1 per cent, the highest since 1972-73.It also showed that joblessness was higher in urban India (7.8%) than in rural India… Continue reading Unemployment data based on draft report: NITI Aayog