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.
Amid growing speculations over the resignation of former Vice President Jagdeep Dhankhar, Union H
There has been a major lapse in the security of the Parliament House once again. A person entered
The bitterness of relations between India and Pakistan was also seen on the cricket field when In
OIC asks Taliban to reconsider the ban on women working for NGOs
The Organization of Islamic Cooperation (OIC) has expressed concern over the current development
Torrential rain and strong winds have created havoc in Delhi. This natural disaster has put air t
Ajit Pawar's rebellion in Maharashtra has disturbed the political equations of the opposition. Wh
West Bengal Violence Once again an incident of violence has come to the fore in the Hooghly distr
Aamir Khan was shocked by the sudden death of Zubeen Garg and made this emotional post in grief.
Singer Zubeen Garg, who cast a spell with his voice in Assam and Bollywood, is no more. He passed
Cricket fans are eagerly waiting for the date of 22 March 2024. The 17th season of IPL is going t
On the second day of the second Test match between India and South Africa in Guwahati, Indian cap
