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.
Weather Update: It is raining in many parts of the country along with snowfall in the mountains.
Google Doodle: Parsi New Year has started, Google made a doodle, know about it
Nowruz is celebrated on 19 March. Nowruz is also called Parsi New Year. On the occasion of N
Recently, protests have started against the new draft rules made by the University Grants Commiss
India defeated South Africa in the third ODI and won the series 2-1. This was India's second bila
Prime Minister Narendra Modi is on a two-day visit to Gujarat. He started it with a road show in
Talks between Azam Khan and Akhilesh Yadav seem to be deteriorating after Samajwadi Party nationa
In the first Test being played between India and South Africa in Centurion, KL Rahul won the hear
Chief Minister Yogi Adityanath has said that in memory of the brave Sahibzadas of Guru Gobind Sin
The festival of Baisakhi is being celebrated with great pomp across the country on 14 April (toda
On the petitions filed regarding the Special Intensive Revision (SIR) of the voter list in Bihar,
