The work force is increasing in the country, but no jobs: The unemployment rate increased to more than 8% in December, the situation worsened after the lockdown


Posted on 21st Dec 2022 12:14 pm by rohit kumar

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.

 

Also Read: 'Imran Khan has become Imran Hashmi...' Naila Inayat took a jibe at the former PM of Pakistan surrounded in the call leak case

1 Like 0 Dislike
Previous news Next news
Other news

Aus Vs WI: Australia made two major changes in the team for the second ODI, Travis Head did not get a place in the playing XI.

Travis head released from Australia Squad for 2nd ODI: Australia's opening batsman Travis Head ha

New revelation in Atul Subhash case: Wife Nikita's name is linked to a person named RJ Siddiqui, such questions are being raised

Nikita's statement, which was recorded in court in the case of AI engineer Atul Subhash, revealed

Annapoorani: Protest against 'Annapurani' due to controversial dialogue, producers issued a statement

An allegation has been filed against the makers of South actress Nayanthara's film 'Annapurnani'

Rana Sanga: Ruckus in Rajya Sabha over SP MP's statement on Rana Sanga, BJP adamant on Ramji Suman and Kharge's apology

There was a lot of uproar in the Rajya Sabha on Friday during the budget session of Parliament. B

Hardik Pandya remembered his son Agastya on his birthday, shared a video, and wrote an emotional thing.

Indian team's star all-rounder Hardik Pandya has shared a cute video on his Instagram account and

India can respond to Chinese antics, and deployment of the heavy security force is possible in remote areas within a few hours

On December 9, the Chinese soldiers who came to infiltrate the Yangtse in Arunachal Pradesh's Taw

Did Sonam marry Raj after killing Raja Raghuvanshi? The murder mystery got more complicated after two mangalsutras were found

New revelations are constantly being made about the Raja Raghuvanshi murder case. Raja's elder br

Lok Sabha Election 2024: Rajinikanth, Dhanush, and Kamal Haasan cast their vote in Chennai, this superstar reached the first

Lok Sabha elections have started. All the political parties have entered the political arena to t

Farmer Protest: Not only in Delhi but also in these parts of the world, farmers came out on the roads with tractors, read what are their demands.

Indian farmers are once again on the streets with their demands. Farmers want to talk to the gove

Team India: The wait for the champions to return home is over, the storm in Barbados has stopped; the stars will leave for India this evening

The Indian team defeated South Africa by 7 runs in the final of the T20 World Cup 2024 and achiev

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash