The number of working people in the country is increasing, but job opportunities are decreasing. In December, the unemployment rate in the country reached its highest level so far. In the first three weeks of December, the unemployment rate concerning the labor force has been more than 8%.
According to data from the Center for Monitoring Indian Economy (CMIE), the unemployment rate in urban areas reached a record 10.9% in the week ending December 18. The rural unemployment rate stood at 8.4% during the same period, while in November it was only 7.6%.
The unemployment rate remained between 6% to 8% in the first lockdown
According to CMIE chief Mahesh Vyas, this rate had not increased beyond 6%-8% since the first lockdown in 2020. One week's data shows that job seekers have increased, but jobs have not increased.
According to Vyas, the rising unemployment in the last few months is a matter of concern. This cannot be justified by the fact that the laborers working in agriculture keep changing. The harvesting season for rabi crops in India has been better so far as compared to the last three years. About 91% of the Rabi crop has been harvested this year, whereas for the last two years this figure was only around 88%.
77% of companies in the service sector will increase recruitment in the January-March quarter
The latest TeamLease report indicates that India will continue to create job opportunities in the fourth quarter from January to March. Especially 77% of companies in the service sector are planning to hire.
Jobs will increase due to the promotion of manufacturing sectors like textile, and leather industry
According to Bhaskar experts, Madan Sabnavis (Chief Economist, Bank of Baroda) and Dharmakirti Joshi (CRISIL), the pace of the economy may slow down a bit in the coming days. However, the situation can be handled by paying attention to the sector which is increasing in employment.
Due to the increase in economic activities till March, jobs can increase in many sectors. There is a possibility of growth in the construction, steel, chemical, hospitality, tourism, and auto sectors in the coming days. The situation in the consumer goods and trade sector may remain the same. The retail sector may also remain stable. Along with this, the performance of the software sector may also remain low.
These four steps can be taken to increase jobs
1. Manufacturing, especially industries like textile and leather, should be encouraged.
2. Private investment in service sectors like health, and education should be encouraged on a large scale.
3. A large number of jobs can also be created by creating an ecosystem of vocational training.
4. The government needs to promote such industries, where more labor is required.
Corona Vaccine: DCGI approves to launch Covax in the market, expert committee recommends
The Drug Controller General of India (DCGI) has approved the COVID-19 vaccine Covax to be marketed as a heterologous booster dose for adults. Covax can be given to adults who have been given two doses
The government will sell 20 lakh tonnes of additional wheat to curb inflation, the Center had announced to sell in the open market
Under the Open Market Sale Scheme (OMSS), the central government on Tuesday announced to sale of another 20 lakh tonnes of wheat. This sale is being done in the open market to curb the rising prices
Chandrayaan-3: Spacecraft attached to rocket for launch, to be launched between July 13 and 19
The Indian Space Research Organization (ISRO) on Wednesday attached the encapsulated assembly containing the Chandrayaan-3 spacecraft to its new launch rocket LVM3 at the Satish Dhawan Space Center in
NASA's Space-X Crew-6 mission postponed: Rocket engine malfunctioned 2 minutes before launching, now will fly tomorrow at 12:15 pm
The launch of NASA's Space-X Crew-6 mission has been postponed. According to reports, the launch of the Space-X Falcon-9 rocket (Dragon Endeavour) has been stopped due to engine failure. Now it will
The Indian team for the Asia Cup 2025 will be announced soon. Yashasvi-Gill and Sai are sure to play!
The Asia Cup 2025 will start on September 9, and the Indian team has not been announced yet. It is expected that the team will be announced by the third week of this month.
Will India be able to play the WTC final: 6 Tests left for Team India, and know 8 ways to reach the title match
After the defeat in the ODI series, Team India is going to play a two-Test series against Bangladesh today. Both these matches are very important for India to reach the final of the World Test
Redmi 12C entry-level smartphone launched in India, starting price Rs 8,999
Redmi India has launched Redmi Note 12 4G and Redmi 12C in India. Both of these are 4G smartphones and the cost of both of them is less than Rs 15,000. There is a waterdrop notch display with Redmi
IMF: G20 will progress in debt relief, crypto and climate sector under the chairmanship of India, said Geeta Gopinath
Gita Gopinath, First Deputy Managing Director of the International Monetary Fund, said that under India's presidency, the G-20 can make concrete progress in three important areas, including debt
Badlapur Case: Akshay Shinde's family makes serious allegations against the police, and refuses to take the body, the administration is busy convincing them
The family of Akshay Shinde, accused in the Badlapur rape case, has made serious allegations against the police. The family says that Akshay has been killed in a fake encounter. The family has refused
'Modi ji himself brought a bill against himself... Shah spoke on the bill for dismissal of PM-CM; he took a jibe at the opposition
Union Home Minister Amit Shah has said that the Constitution (130th Amendment) Bill, 2025, will definitely be passed, even though the opposition is fiercely opposing it.
