Unemployment in October rises to 8.5%, highest in over 3 years
5 years, 2 months ago

Unemployment in October rises to 8.5%, highest in over 3 years

India Today  

India's unemployment rate in the month of October jumped to 8.5 per cent, which is the highest in over three years. Fresh data released by the Centre for Monitoring Indian Economy showed that the rise in India's unemployment rate in October was the highest since August 2016. To make matters worse, India's infrastructure output for the month of September contracted 5.2 per cent on a year-on-year or YoY basis. A new academic research paper released by the Centre of Sustainable Employment also concluded that there has been a significant decline in total employment in India between 2011-12 and 2017-18, reported The Indian Express.

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India’s industrial production expands to six-month high of 5.2% in November
5 days ago

India’s industrial production expands to six-month high of 5.2% in November

Live Mint  

India's industrial output surged to a six-month high of 5.2% annually in November, driven by strong gains in the manufacturing sector. Manufacturing output rose 5.8% in November, while electricity generation and mining activity grew by 4.4% and 1.9%, respectively, according to the latest data released by the Ministry of Statistics and Programme Implementation on Friday. Despite the November rebound, industrial …

India’s retail inflation eases to 5.48%, industrial production rises to 3-month high
1 month ago

India’s retail inflation eases to 5.48%, industrial production rises to 3-month high

Firstpost  

These positive developments come as India grapples with a seven-quarter low in real GDP growth, which fell to 5.4 per cent in the July-September period, down from 6.7 per cent in the previous quarter In positive developments for the Indian economy, the country’s retail inflation cooled, while industrial production saw an uptick, according to recently released data. Food inflation eases …

November jobs report shows healthy labor market with 227,000 new roles - up dramatically from slow October
1 month, 1 week ago

November jobs report shows healthy labor market with 227,000 new roles - up dramatically from slow October

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy America's job market rebounded …

Little change in India’s unemployment rate in urban areas: PLFS data
1 month, 3 weeks ago

Little change in India’s unemployment rate in urban areas: PLFS data

Hindustan Times  

India’s unemployment rate in urban areas during July-Sept 2024 stood at 6.4%, compared to 6.6% in the same period last year, according to the government’s quarterly periodic labour force survey released on Monday. According to the government’s Economic Survey 2023-24, India needs to create 7.85 million non-farm jobs every year until 2030 to absorb its growing labour force. The labour …

Urban labour market shows improvement as unemployment declines in September quarter
1 month, 3 weeks ago

Urban labour market shows improvement as unemployment declines in September quarter

Live Mint  

India's urban labour market demonstrated steady gains in July-September, with rising workforce participation and a slight dip in unemployment, according to recent data. Urban unemployment rate, a key indicator of joblessness, fell to 6.4% in July-September, down from 6.6% a year prior, as per data from the Ministry of Statistics & Programme Implementation on Monday. The Labour Force Participation Rate …

Retail inflation hits 14-month high, rises to 6.21 per cent in October
2 months ago

Retail inflation hits 14-month high, rises to 6.21 per cent in October

India TV News  

India’s retail inflation surged to a 14-month high of 6.21% in October, exceeding the Reserve Bank of India’s target range. India’s Index of Industrial Production showed a positive shift, expanding by 3.1% in September compared to a 0.1% contraction in August. According to data from the Ministry of Statistics and Programme Implementation, key sectors such as mining, manufacturing, and electricity …

Employers added only 12,000 jobs in October. That seems bad — but there's a catch
2 months, 2 weeks ago

Employers added only 12,000 jobs in October. That seems bad — but there's a catch

NPR  

Employers added only 12,000 jobs in October. That seems bad — but there's a catch toggle caption David Ryder/Getty Images North America U.S. employers added a scant 12,000 jobs in October — but the labor market is likely not as weak as that number implies. Overall the labor market likely is cooling but remains fairly resilient despite the weak October …

Urban unemployment rate at 6.7% in quarter ending March 2024 : NSSO data
7 months, 4 weeks ago

Urban unemployment rate at 6.7% in quarter ending March 2024 : NSSO data

Hindustan Times  

India’s urban unemployment rate in the quarter ended March 2024 was 6.7%, according to data released by the National Sample Survey Office on Wednesday. On a sequential basis – quarter on quarter – the unemployment rate increased between quarters ended December 2023 and March 2024 for the first time after the quarter ended June 2021. The 6.7% urban unemployment rate …

Jobs surge sees unemployment rate tumble back to 3.7 per cent
9 months, 3 weeks ago

Jobs surge sees unemployment rate tumble back to 3.7 per cent

ABC  

In short: An additional 116,500 Australians were employed in February, the biggest monthly jobs gain on record, outside of the pandemic period. The unemployment rate has dropped back to 3.7 per cent with more than 116,000 extra Australians in employment last month, compared with January, according to seasonally adjusted data from the Australian Bureau of Statistics. "With employment growing by …

Unemployment rate in urban areas falls to 6.50 per cent in Q3
11 months ago

Unemployment rate in urban areas falls to 6.50 per cent in Q3

India TV News  

The unemployment rate in urban areas of India for individuals aged 15 years and above dropped to 6.5 per cent during October–December 2023, down from 7.2 per cent in the same period last year, according to government data released on Monday. The Periodic Labour Force Survey, initiated in April 2017 for more frequent labour force data, reported that the unemployment …

Himachal Pradesh Tops Unemployment Chart in July-Sept: Labour Survey
1 year, 1 month ago

Himachal Pradesh Tops Unemployment Chart in July-Sept: Labour Survey

News 18  

Himachal Pradesh has witnessed the highest overall unemployment rate of 33.9 per cent, followed by Rajasthan at 30.2 per cent, among the age group of 15 to 29 years in cities during July-September 2023, according to the Periodic Labour Force Survey. The PLFS data of the National Sample Survey Office also revealed that unemployment among the 15-29 age group in …

The week in 5 charts | Uttarkashi tunnel rescue, India’s GDP increases in Q2, Unemployment rate dips, and more
1 year, 1 month ago

The week in 5 charts | Uttarkashi tunnel rescue, India’s GDP increases in Q2, Unemployment rate dips, and more

The Hindu  

After 17-days, trapped workers rescued from the Uttarkashi tunnel On November 12, when portions of the Silkyara-Dandalgaon under-construction tunnel on the Brahmkhal-Yamunotri highway collapsed, 41 workers were trapped with no way out. GDP surges 7.6% in Q2, goes past RBI forecast India’s Gross Domestic Product grew at a higher-than-expected 7.6% in the July to September 2023 quarter, as per initial …

Unemployment rate in India is at its lowest level in six years: PM Modi
1 year, 3 months ago

Unemployment rate in India is at its lowest level in six years: PM Modi

The Hindu  

Prime Minister Narendra Modi on October 12 said India's expanding economy is creating new possibilities for the youth and the unemployment rate in the country is at its lowest level in the last six years. In a video message to the Kaushal Deekshant Samaroh of the Ministry of Skill Development and Entrepreneurship, the prime minister noted that new possibilities are …

India's unemployment rate hits 6-year low at 3.2% in latest government data
1 year, 3 months ago

India's unemployment rate hits 6-year low at 3.2% in latest government data

India TV News  

India's unemployment rate for individuals aged 15 and above has reached its lowest point in six years, registering at 3.2% during the period from July 2022 to June 2023, according to the Periodic Labour Force Survey Annual Report 2022-2023 released by the National Sample Survey Office. Rise in labour force participation The Labour Force Participation Rate in usual status for …

Unemployment rate dips in India
1 year, 5 months ago

Unemployment rate dips in India

Deccan Chronicle  

New Delhi: India’s overall unemployment rate fell in July as rural areas saw increased demand for agriculture labour with the onset of monsoon rains. Rural unemployment rate fell to 7.89%, from 8.73% in June, while urban unemployment rate ticked up, to 8.06% from 7.87% in the same period. While the agriculture sector saw activity with improved rains, demand for labour …

After furore over CMIE data, govt. figures show Haryana sliding on unemployment
1 year, 5 months ago

After furore over CMIE data, govt. figures show Haryana sliding on unemployment

The Hindu  

Haryana has the fourth highest rate of unemployment in the country along with Manipur among States, as per the latest Periodic Labour Force Survey data by the Ministry of Statistics and Programme Implementation. The Opposition and Haryana government have had a long-running face-off ever since the Congress highlighted the Centre for Monitoring Indian Economy ’s report in January that put …

Urban unemployment rate falls to 7.2% in October-December 2022: Report
1 year, 10 months ago

Urban unemployment rate falls to 7.2% in October-December 2022: Report

Hindustan Times  

According to a report by the National Sample Survey, the unemployment rate for people over the age of 15 in urban areas has dipped to 7.2% in 2022 from 8.7% the previous year during the months from October to December. The period from July-September in 2022 also saw the UR remaining steady at 7.2% The 17th Periodic Labour Force Survey …

India's unemployment rate rises to 8.30% in December, highest in 16 months: Report
2 years ago

India's unemployment rate rises to 8.30% in December, highest in 16 months: Report

The Hindu  

India's unemployment rate rose to 8.30% in December, the highest in 16 months, from 8.00% in the previous month, data from the Centre for Monitoring Indian Economy showed on Sunday. The urban unemployment rate rose to 10.09% in December from 8.96% in the previous month, while the rural unemployment rate slipped to 7.44% from 7.55%, the data showed. The unemployment …

Year in Review | Indian economy amid global headwinds
2 years ago

Year in Review | Indian economy amid global headwinds

The Hindu  

Multiple headwinds at varied points of time impacted the Indian economy’s thorough economic revival in the calendar year 2022. “India’s growth rates in real terms of 9.7% in the first half of this year is well above the trend in other countries and is happening amid tightening global financial conditions and the commodity price shock since the Ukraine invasion by …

India’s core sector growth slows to 0.1% in October
2 years, 1 month ago

India’s core sector growth slows to 0.1% in October

The Hindu  

India’s eight core sectors’ output growth virtually flattened in October, stumbling to just 0.1% from 7.8% in September, with cement and refinery products slipping into contraction and electricity generation rising just 0.4%. In what analysts reckoned was the weakest core sectors’ performance since February 2021, partly driven by base effects, steel output rose 4% in October, reflecting the slowest growth …

India's unemployment rate dips to 7.2 per cent in second quarter from 9.8
2 years, 1 month ago

India's unemployment rate dips to 7.2 per cent in second quarter from 9.8

India TV News  

India unemployment rate 2022 : The unemployment rate, defined as percentage of unemployed persons in the labour force in the country above the age of 15 years in urban areas eased to 7.2 during the second quarter of 2022-23 from 9.8 in the year-ago period, according to data of National Statistical Office's 16th Periodic Labour Force Survey. The data had …

US employers hired briskly in October; unemployment rate still remains high
2 years, 2 months ago

US employers hired briskly in October; unemployment rate still remains high

India TV News  

October saw the hiring of employees in full swing by companies in America even as inflation rates went through the roof. Stevenson noted that more than half of last month’s net hiring was in industries — health care, education, restaurants and hotels, for example — that still appear to be catching up from the sharp job losses they endured during …

India's manufacturing activities remain strong in October: survey
2 years, 2 months ago

India's manufacturing activities remain strong in October: survey

The Hindu  

Manufacturing activities in India remained robust and price pressures were contained in October as new orders and production rose at a slower but stronger pace, according to a monthly survey released on November 1. “The Indian manufacturing industry again showed signs of resilience in October, with factory orders and production rising strongly despite losing growth momentum,” Pollyanna De Lima, economics …

Sharp drop in jobless rate
2 years, 3 months ago

Sharp drop in jobless rate

Deccan Chronicle  

Chennai: The unemployment rate in India declined to a multi-year low in September after touching an yearly high in August. As per the data of think-tank Centre for Monitoring Indian Economy, the jobless rate sharply fell to 6.43 per cent, the lowest in many years. However, in the previous month, the unemployment rate had touched 8.28 per cent, which was …

India's unemployment rate drops to 6.43% in September: CMIE
2 years, 3 months ago

India's unemployment rate drops to 6.43% in September: CMIE

The Hindu  

India's unemployment rate has drastically dropped to 6.43% in September due to an increase in labour participation in the rural and urban areas, according to data from the Centre for Monitoring Indian Economy. "In September, the unemployment rate has fallen significantly with an increase in labour participation in both urban and rural areas," CMIE managing director Mahesh Vyas told PTI …

Unemployment Rate Below Pre-Pandemic Levels, MGNREGA Work Demand Lowest in August: Govt
2 years, 3 months ago

Unemployment Rate Below Pre-Pandemic Levels, MGNREGA Work Demand Lowest in August: Govt

News 18  

The unemployment rate in urban areas has shrunk for the fourth consecutive quarter ending at 7.6 per cent in the June quarter of 2022, as against 14.3 per cent in the June quarter of the previous year, the monthly economic review by the finance ministry said on Saturday. “The unemployment rate is now below pre-pandemic levels as measures taken earlier …

India’s unemployment rate surges to 1-year high of 8.3% in August: CMIE
2 years, 4 months ago

India’s unemployment rate surges to 1-year high of 8.3% in August: CMIE

Live Mint  

India's unemployment rate increased to a one-year high of 8.3 per cent in August as employment sequentially fell by 2 million to 394.6 million, the Centre for Monitoring Indian Economy data said. "The urban unemployment rate is usually higher at about 8 per cent than the rural unemployment rate, which is usually around 7 per cent. In August the urban …

India’s unemployment rate plunges to 7.6% in April-June 2022: NSO survey
2 years, 4 months ago

India’s unemployment rate plunges to 7.6% in April-June 2022: NSO survey

Live Mint  

The unemployment rate in India for people aged 15 years and above in urban areas declined to 7.6 per cent during April-June 2022 from 12.6 per cent a year ago, the National Statistical Office said on 31 August. In January-March 2022, the unemployment rate in India for persons aged 15 years and above was 8.2 per cent in urban areas, …

At 6.80%, unemployment rate in India lowest in 6 months: Report
2 years, 5 months ago

At 6.80%, unemployment rate in India lowest in 6 months: Report

Hindustan Times  

The overall unemployment rate eased to 6.80% in July, a 1 per cent decline compared to June, the lowest since 6.56% in January, Centre for Monitoring Indian Economy, a private organisation reported on Monday. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} In rural India, the unemployment rate fell to 6.14% in July against 8.03% in the previous month. The data for urban areas …

At 6.80%, unemployment rate in India lowest in 6 months: Report
2 years, 5 months ago

At 6.80%, unemployment rate in India lowest in 6 months: Report

Hindustan Times  

The overall unemployment rate eased to 6.80% in July, a 1 per cent decline compared to June, the lowest since 6.56% in January, Centre for Monitoring Indian Economy, a private organisation reported on Monday. In rural India, the unemployment rate fell to 6.14% in July against 8.03% in the previous month. The data for urban areas suggests that unemployment rose …

Employment rate increasing in July after steep fall in June: CMIE
2 years, 5 months ago

Employment rate increasing in July after steep fall in June: CMIE

Firstpost  

CMIE said India’s June 2022 labour statistics had been highly disappointing. Employment fell by 13 million from 404 million in May 2022 to 390 million in June 2022 Kolkata: After witnessing a steep fall in the employment rate in June 2022, economic think-tank Centre for Monitoring Indian Economy has estimated that the trend has been reversing in the current month. …

India’s June employment data lowest in last one year: CMIE
2 years, 6 months ago

India’s June employment data lowest in last one year: CMIE

Live Mint  

India’s employment fell the most in a non-lockdown period, in June, likely as patchy monsoon rains delayed the deployment of agriculture labor in rural areas. Overall, employment fell by 13 million to 390 million in June, against a gain of 8 million jobs in April and May, according to CMIE data. While around 13 million lost jobs during the month, …

India added 8.8 million jobs in April, says CMIE Report
2 years, 7 months ago

India added 8.8 million jobs in April, says CMIE Report

India Today  

In one of the largest expansions in the labour market since the beginning of the pandemic, 8.8 million people joined the country's workforce in April, as per data provided by the Centre for Monitoring Indian Economy. India's labour force increased by 8.8 million to 437.2 million in April, one of the largest monthly increases since the beginning of the pandemic, …

Unemployment rate decreasing in India: CMIE
2 years, 9 months ago

Unemployment rate decreasing in India: CMIE

The Hindu  

Unemployment rate in the country is decreasing with the economy slowly returning to normal, according to CMIE data. The Centre for Monitoring Indian Economy's monthly time series data revealed that the overall unemployment rate in India was 8.10% in February 2022, which fell to 7.6% in March. Retired professor of economics at Indian Statistical Institute Abhirup Sarkar said that though …

Unemployment rate goes down in India: CMIE
2 years, 9 months ago

Unemployment rate goes down in India: CMIE

India TV News  

Highlights The unemployment rate in the country is decreasing with the economy slowly returning to normal: CMIE Overall unemployment rate fell from 8.10% in February 2022 to 7.6% in March Decrease in the ratio shows that the economy is getting back on track after being hit by Covid19 The unemployment rate in the country is decreasing with the economy slowly …

Whither unemployment benefits
2 years, 9 months ago

Whither unemployment benefits

The Hindu  

Even before COVID-19, the unemployment rate touched a peak in 2017-18 at 6.1%. As per the Centre For Monitoring Indian Economy, the average urban unemployment rate remained higher at 9.04% in 2021 and above 7% in January-February 2022. However, under the Employees’ State Insurance Act, 1948, the Rajiv Gandhi Shramik Kalyan Yojana provides unemployment allowance to involuntarily unemployed insured persons …

India's unemployment rate drops to 6.57% in Jan, lowest since March 2021: CMIE
2 years, 11 months ago

India's unemployment rate drops to 6.57% in Jan, lowest since March 2021: CMIE

India Today  

India's unemployment rate has fallen to 6.57 per cent in January, which is the lowest since March 2021, as the country gradually recovers with the easing of restrictions following a decline in Omicron cases, according to the Centre for Monitoring Indian Economy. In December, the unemployment rate stood at 7.91 per cent, with urban at 9.30 per cent and rural …

Unemployment rate hits 4-month high in December amid Covid surge
3 years ago

Unemployment rate hits 4-month high in December amid Covid surge

India Today  

India's unemployment rate hit a four-month high in December, data from the Centre for Monitoring Indian Economy showed on Monday. The unemployment rate rose to 7.9% in December from 7.0% in November, its highest since 8.3% in August. Read | GDP at record high but unemployment continues to rise Urban unemployment rate rose to 9.3% in December from 8.2% in …

Unemployment rate declines in Telugu states
3 years, 2 months ago

Unemployment rate declines in Telugu states

Deccan Chronicle  

Visakhapatnam: The unemployment rate fell in Telugu-speaking states – Andhra Pradesh and Telangana in the latest October after witnessing a surge during the peak Covid19 period in months like May and June this year, compared with India's rate. The unemployment rate was worst in states Rajasthan and Haryana, which touched nearly 30% while lowest in the states like Odisha, Karnataka, …

US employers add 531,000 jobs in October as hiring rebounds
3 years, 2 months ago

US employers add 531,000 jobs in October as hiring rebounds

India TV News  

US employers added 531,000 jobs in October, with the unemployment rate dropping to 4.6 per cent, indicating a hiring rebound as the Delta wave weakened, the US Labor Department has reported. The latest data followed upwardly revised job gains of 312,000 in September, and upwardly revised job gains of 483,000 in August, when labor market recovery slowed amid a Delta …

GDP at record high but unemployment continues to rise
3 years, 4 months ago

GDP at record high but unemployment continues to rise

India Today  

Unemployment in the country continues to rise even as all indicators of growth including gross domestic product indicate rapid economic recovery. The latest unemployment rate data released by the Mumbai-based think-tank Centre for Monitoring Indian Economy show that 1.5 million people or 15 lakh people lost jobs in August. The latest unemployment data released indicates that employment gains made in …

Unemployment rate rises sharply in rural areas: CMIE data
3 years, 5 months ago

Unemployment rate rises sharply in rural areas: CMIE data

India Today  

The unemployment rate has spiked in rural areas across the country, rising from 6.75 per cent in the week ended July 25, according to fresh data from the Centre for Monitoring Indian Economy. Urban unemployment rose to 8.01 per cent in the week ended July 25, rising marginally from 7.94 per cent a week ago. Read | Urban unemployment touched …

Urban unemployment touched 21% in April-June quarter last year: Centre
3 years, 5 months ago

Urban unemployment touched 21% in April-June quarter last year: Centre

India Today  

Unemployment rate touched 20.8 per cent in urban India in the April-June 2020 quarter, Union Labour Minister Bhupender Yadav told Parliament on Monday. "As per the Periodic Labour Force Survey quarterly bulletin April-June 2020, the quarterly unemployment rate, as per Current Weekly Status in urban areas for persons of age 15 years and above in the country to the extent …

Unemployment rate rises as Covid-19 returns to haunt Indian economy
3 years, 9 months ago

Unemployment rate rises as Covid-19 returns to haunt Indian economy

India Today  

Fresh restrictions imposed in different parts of the country due to the second Covid-19 wave could lead to job losses, similar to what was witnessed in 2020. The unemployment rate touched 8.6 per cent for the week ending April 11, from just 6.7 per cent two weeks ago, according to fresh data released by CMIE. Read | Covid-19: Over 9 …

One year since COVID-19 lockdown: India still recovering from unemployment blow
3 years, 9 months ago

One year since COVID-19 lockdown: India still recovering from unemployment blow

The Hindu  

India is still not out of the woods as far as unemployment is concerned after a year when the lockdown was imposed to contain the spread of deadly COVID-19 on March 25 last year as pandemic-induced job loss has not tapered off consistently. According to the Centre for Monitoring Indian Economy data, the unemployment rate was recorded at 6.9 % …

Explained: Why India's unemployment rate is rising sharply despite economic recovery
4 years ago

Explained: Why India's unemployment rate is rising sharply despite economic recovery

India Today  

India’s unemployment rate rose sharply to 9.1 per cent in December 2020 even as economic activity continues to increase. The unemployment rate in December was the highest in the past six months, since the beginning of India’s recovery in June after months of the lockdown, according to Mumbai-based think tank Centre for Monitoring Indian Economy The unemployment rate in December …

Even as economic recovery continues, India lost 5.5 lakh jobs in October
4 years, 2 months ago

Even as economic recovery continues, India lost 5.5 lakh jobs in October

Deccan Chronicle  

Chennai: Despite the economic recovery seen in October, the month has recorded a fall in employment for the first time since May, finds CMIE. However, the salaried class added close to 5 million jobs and businesses and farmers another five million, which led to a net job loss of 5.5 lakh, said Kruti Shah, economist, Emkay Global Financial Services. The …

India's unemployment rate rises to 6.98%: CMIE
4 years, 2 months ago

India's unemployment rate rises to 6.98%: CMIE

India Today  

India has recorded a spike in its unemployment rate in both urban and rural areas in the month of October, according to the Centre for Monitoring Indian Economy. In October, India's unemployment rate stood at 6.98 per cent. The data shows a big jump in unemployment in the month of October as it stood at 6.90 per cent, an increase …

India's unemployment rate back at pre-lockdown levels, jobs on the rise: CMIE
4 years, 6 months ago

India's unemployment rate back at pre-lockdown levels, jobs on the rise: CMIE

India Today  

India’s unemployment rate has eased to pre-lockdown levels of 8.5 per cent in the week ended June 21, said the Centre for Monitoring Indian Economy. CMIE managing director and CEO Mahesh Vyas said, “In the first three weeks of June the unemployment rate dropped dramatically to first, 17.5 then 11.6 per cent and now 8.5 per cent.” He went on …

India’s unemployment rate saw a small dip in 2018-19, says survey
4 years, 7 months ago

India’s unemployment rate saw a small dip in 2018-19, says survey

The Hindu  

India’s unemployment rate improved from the 45-year high of 6.1% in 2017-18 to 5.8% in 2018-19, says the latest Periodic Labour Force Survey, released by the Ministry of Statistics and Programme Implementation on Thursday. The labour force participation rate also improved marginally, from 36.9% in 2017-18 to 37.5% in 2018-19. The unemployment rate is the percentage of people without work …

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