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.
Strong tremors of earthquakes were felt in Afghanistan. Along with this, the earth kept shaking f
RR vs GT Playing 11 IPL 2023. The finalist teams of IPL 2022 Gujarat Titans and Rajasthan Royals
Paridhi Upadhyaya was packing her bags to move to the United States after receiving a computer sc
Pradeep Sarkar Death: A few days after the death of Satish Kaushik, Bollywood suffered another de
Mumbai Police has arrested Bhavesh Bhide, director of advertising agency Ego Media Private Limite
Three policemen have been suspended in a major lapse in the security of Prime Minister Narendra M
Star batsman Virat Kohli returned to the cricket stadium after almost two months and participated
Where will Priyanka Gandhi sit in Lok Sabha, will her seat be next to Rahul, know here
Priyanka Gandhi, the newly elected Congress MP from Wayanad Lok Sabha constituency in Kerala, wil
KCET 2023 Notification released: Karnataka Examinations Authority (KEA) has released the applicat
The fourth match of the five-match Test series is being played between India and England at Old T
