The unemployment rate dropped to 6.80 per cent in July from 7.80 per cent in June, the CMIE data said.
Several Indian Youth Congress (IYC) leaders and workers holding banners gathered here and raised slogans against the Centre.
"These figures given by the government in Parliament are a telling of the unemployment situation. In the last eight years, 22 crore youths applied for jobs in Central departments, out of which only seven lakh got employment. When about one crore sanctioned posts are vacant in the country, who is responsible for this situation?" Gandhi said in a tweet in Hindi.
Rahul Gandhi shared a graph based on the Centre for Monitoring Indian Economy (CMIE) data which showed that unemployment had doubled in five years from 2017-18 to 2021-22.
A low income economy (like India) with a large working-age population, and a substantial unorganised sector can witness a combination of higher LFPR and lower unemployment rate because people enter the labour force as employed
The massive fall in number of jobs last month was triggered by higher unemployment rate in rural areas, which went up to 8.03 percent from 6.62 percent in May.
Data shows the share of the 18-21 age group in the net EPF accounts created fell from 37.9 percent in 2018-19 to 24.1 percent in 2021-22
The quality of urban jobs was worse in January-March 2022 than January-March 2019
New Delhi, Jun 19 Amid widespread protests against the new military recruitment scheme, Congress leader Rahul Gandhi on Sunday launched a scathing a..
He also asserted that the country had been kept ”on a permanent boil” in the last few years, and a culmination of factors such as rejection of the ’Agnipath’ scheme, unemployment and economic and agrarian distress had resulted in the ”severe backlash” from the youth.
As per the government's Periodic Labour Force Survey, the unemployment rate dropped in the 12 months ending June 2021 even as the labor force participation rate increased.
The jobless rate held steady at 3.6 percent for the third consecutive month, just a tenth of a point above the pre-pandemic level in February 2020, the Labor Department said.
Initial claims for state unemployment benefits increased 21,000 to a seasonally adjusted 218,000 for the week ended May 14, the highest level since January, the Labor Department said on Thursday. Economists polled by Reuters had forecast 200,000 applications for the latest week.
The wholesale price-based inflation soared to a record high of 15.08 per cent in April mainly on account of spiralling prices of food, fuel and other commodities.
Sharad Pawar also said he not come across an instance of the Enforcement Directorate (ED) conducting raids on those part of the central government, but action was being taken against those in opposition.
Satya Pal Malik, who has been critical of the Centre over issues of farmers, said the Union government could bring down prices of commodities by reducing taxes.
Friday’s jobs report from the Labor Department showed that last month’s hiring kept the unemployment rate at 3.6 percent, just above the lowest level in a half-century.
Kolkata, May 3 Economists on Tuesday are not convinced about the latest monthly unemployment data released by the Centre for Monitoring India Economy..
Consumer spending, which accounts for more than two-thirds of US economic activity, surged 1.1 percent last month. Data for February was revised higher to show outlays advancing 0.6 percent instead of 0.2 percent as previously reported
“The estimated total employment in the nine select sectors came in at 3.14 crore which is 4 lakh higher than the estimate for September 2021 quarter,” the labour and employment ministry said.
Policymakers at the Federal Reserve argue they can cool off the economy and bring down inflation without driving up unemployment and causing a recession. But many economists are skeptical that the Fed can engineer such a “soft landing,” especially in a moment of such extreme global uncertainty.
While urban unemployment rate fell in the third quarter of 2021, the Labour Force Participation Rate rose marginally. In fact, fewer female were looking for jobs after the second wave, with their Labour Force Participation Rate falling to 19.9 percent from 20.1 percent in April-June 2021
Companies in states such as Maharashtra, Haryana, Gujarat, Tamil Nadu and Karnataka were lead states to add majority or 61 percent of the net payroll additions recorded in January, said the retirement fund body.
The four-week average for claims, which compensates for weekly volatility, fell to 223,000 from the previous week's 231,750.
The rise in urban unemployment in April-Jun 2021 was the first such increase in four quarters