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

After the anti-India statement, now there is an earthquake in the politics of Maldives, preparations to bring a no-confidence motion against President Muizzu

India-Maldives Row: The objectionable remarks made on Prime Minister Narendra Modi and Indian cit

Ujjain Rape Case: 72 hours ... 1000 CCTV footage ... five accused arrested; How to set up a rape case with a solved girl?

Ujjain Rape Case: A case of embarrassing humanity has come to light in the city of Baba Mahakal,

'It is ours, it is ours...', Sonia Gandhi replied smilingly on the Women Reservation Bill. Video

Women's Reservation Bill. Today is the second day of the special session of Parliament. Today is

Lok Sabha Election: 61.55 percent voting in the third phase, maximum votes were cast in Assam and least in Maharashtra.

In the third phase of Lok Sabha elections on Tuesday, 61.55 percent voting took pl

Civil Aviation: Government focusing on air connectivity for Tier-3 cities, said Civil Aviation Minister Scindia

Civil Aviation Minister Jyotiraditya Scindia on Thursday said that the government is focusing on

MiG-21 Jet Crash: MiG-21 fell on the roof of a house in Hanumangarh, Rajasthan, and two villagers died; the pilot safe

MiG-21 plane crash in Hanumangarh Rajasthan. An Indian Air Force MiG-21 aircraft crashed in Rajas

IPL 2023: Yashasvi broke the record of a fastest half-century, Rahul praised, Kohli said – best batting ever

In IPL 2023, the match was played between Kolkata Knight Riders and Rajasthan Royals on Thursday.

Siblings Day 2023: From Karishma to Malaika, on the occasion of Sibling Day, these stars shared special pictures of sister-brother

Siblings Day 2023: After the birth of a person, many relationships are also born in his life. The

Global Recession: The effect of recession will be seen on the global economy in the year 2023, claims the British Research Agency

Due to the increase in interest rates to control inflation, the world may see the effect of the r

China collects DNA of one-third of Tibetans: MPs-MLAs of 15 countries protest, demand to stop business with Chinese subsidiary companies

A group of MPs and legislators from 15 countries, including Australia, France, and Britain, has d

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