While real GDP growth fell from 6.8 percent in Q1, FY 25 to 5.4 percent in Q2, the urban unemployment rate improved from 6.6 percent to 6.4 percent, according to the quarterly PLFS survey
As per the latest available Periodic Labour Force Survey (PLFS) report, the estimated unemployment rate for youth aged 15-29 years in the country for the year 2023-24 is 10.2 percent, which is lower than global levels.
MC analysis shows that the unemployment benefit will likely push nearly all states beyond the 3 percent limit prescribed by the finance commission for the fiscal deficit if they cannot fund the transfer or make cuts in other departments
The unemployment rate for graduates aged 15 and above dropped to 13.4% in 2022-23 from 14.9% the previous year, according to the Periodic Labour Force Survey. Chandigarh had the lowest rate at 5.6%, followed by Delhi at 5.7%.
Recently released data from the NCRB shows that the crime rate in India declined in 2022. However, along with it the chargesheeting rate, which is used to measure police performance, has also gone down. Meanwhile, analysis of data shows that although the unemployment rate saw a dip in November, it remains elevated compared to the longer-term trend.
According to the government's latest Periodic Labour Force Survey, the female unemployment rate fell to 8.6 percent in July-September even as the Labour Force Participation Rate rose by 80 basis points. But concerns about the quality of jobs women are getting remain
According to latest estimates, the number of elderly people in India will surpass that of that of the younger cohorts by 2046. Meanwhile, youth unemployment rate is on the rise in the country.
Although education has been disrupted in Manipur due to the unrest, data shows that the state, and the northeast region in general, weren’t doing too well on that front even before the violence broke out
The unemployment rate in the country surged in December 2022 to 8.30 percent but declined in January to 7.14 percent. It edged up again in February to 7.45 percent, the CMIE data released on Saturday showed.
Joblessness was high in October-December 2021 mainly due to the staggering impact of Covid-related restrictions in the country.
The estimated unemployment rate on usual status for youth ages 15-29 years was 17.8 per cent, 17.3 per cent, 15 per cent and 12.9 per cent during years 2017-18, 2018-19, 2019-20 and 2020-21, respectively, which shows that unemployment rate for youth in the country has declined, Minister of State for Labour and Employment Rameswar Teli said.
The unemployment rate was 5.8 per cent in 2018-19 and 6.1 per cent in 2017-18, as per a statement on the Periodic Labour Force Survey (PLFS) issued by the Ministry of Statistics and Programme Implementation on Tuesday.
For urban areas, it was 7.50 percent, lower than the 8.62 percent recorded in September, according to CMIE data.
At 5.0 percent, the figure is 1.2 percentage points above the same period a year earlier, to reach the highest level since April 2016.
The unemployment rate has been incrementally increasing and touched a nine-week high of 9.1 percent (overall) for the week ended August 16
Canada lost a record-breaking 2 million jobs in April while the unemployment rate surged to a near-high 13 percent, official data showed on Friday, showing how much damage coronavirus-related shutdowns have done to the economy.
The US economy likely lost a staggering 22 million jobs in April, in what would be the steepest plunge in payrolls since the Great Depression and the starkest sign yet of how the novel coronavirus pandemic is battering the world's biggest economy.
Watch this edition of Business Insight to know more about CMIE's latest unemployment data & the job market situation in India.
The economic ramifications of the pandemic may have panned out already as the US and other economies are planning an exit strategy from the lockdown, it has said.
In this edition of Business Insight, let us understand what does CMIE data on India's employment situation in the month of March indicate?
For the August month series, north-eastern and southern states scored best, while the northern states suffer from double-digit unemployment rates, as per CMEI monthly data series (average)
The fall in the number of job seekers, Vyas says, indicates a fall in the labour force participation rate.
The jobless rate -- or the proportion of the workforce that is unemployed -- stood at 4.3 percent in the three months to the end of October, the Office for National Statistics (ONS) said in a statement.
Dattatreya said he will soon coordinate with the new Uttar Pradesh government to resolve the problem. He said as many as 470 'Job Melas' were held across the country of which 21 were held in Uttar Pradesh.
In reply to a question during Question Hour, Minister of State for Planning Rao Inderjit Singh said that overall unemployment was rising, but the rate was highest among the Other Backward Classes (OBCs).