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.
Delhi: The meeting between LG and CM Kejriwal lasted for about an hour, what issues were discussed?
The tussle between Delhi's Arvind Kejriwal government and Lieutenant Governor Vinay Saxena contin
Indian captain Shubman Gill has advised the ICC not to tamper with Test cricket. The Indian team
No player was made vice-captain in the new Test team of India. Opening batsman KL Rahul will now
The three-match ODI series between India and Australia is starting on Friday, 22 September. Both
Anushka Sharma: 'God is the best scriptwriter', Anushka Sharma wrote a post praising Virat
The Indian cricket team has secured its place in the final by registering victory in the World Cu
Dalai Lama: The Dalai Lama kissed a child in public, creating an uproar on social media
Controversy has erupted over a video of the world-famous Tibetan spiritual leader Dalai Lama. A v
There has been a lot of hype about Animal for the last several days. The film has been released i
Private employees will now have to work 10 hours instead of 9, a rule implemented in this state
The Devendra Fadnavis government of Maharashtra on Wednesday increased the maximum working hours
Bollywood actor and filmmaker Arbaaz Khan recently launched his new talk show 'The Invincibles wi
With each passing day, superstar Prabhas' film 'Kalki 2898 AD' is getting closer to the threshold
