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.
Following Team India's impressive victory in the first ODI between India and South Africa, former
Lucknow Super Giants suffered a major blow in IPL 2023 when captain KL Rahul was ruled out of the
Arun Govil reacts on Adipurush: 'Ram' of Ramayana raging on Adipurush
Arun Govil's reaction to Adipurush: Prabhar, Kriti Sanon, and Saif Ali Khan's starrer film 'Adipu
Corona cases have started increasing once again in the country. After Kerala, Karnataka, there is
The social media world was in an uproar when Virat Kohli's account was reported to be deactivated
Pakistan: Ready to talk to army chief for betterment of Pakistan- Imran Khan
Former Pakistan Prime Minister and Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan said that h
'Modi ji you fight... we are with you', Muslim women came out in support of the Waqf Amendment Bill.
Today, the government will introduce the Waqf Amendment Bill 2024 in the Lok Sabha. Some are in f
Filmmaker Ram Gopal Varma has previously supported Aditya Dhar and Ranveer Singh's films "Dhurand
On the first anniversary of the Ukraine war, fears of a resumption of the nuclear arms race betwe
Referring to the controversial BBC documentary on Prime Minister Narendra Modi, External Affairs
