Job creation, skill training should be new govt’s top priorities
6 months, 3 weeks ago

Job creation, skill training should be new govt’s top priorities

New Indian Express  

Joblessness and inflation were the key concerns of the electorate at the 2024 parliamentary elections. The latest Periodic Labour Force Survey, with numbers for the January-March 2024 quarter, shows unemployment—especially youth unemployment—and underemployment are indeed very high in a country where the labour force participation rate is just about 50 per cent. The PLFS shows that the unemployment rate in the 15-29 age group was at 17 percent in the first quarter of the calendar year. While this was lower than the 17.3 per cent recorded a year ago, such a high unemployment rate, especially when labour force participation in this age category is just 40 percent, is a cause for concern. India, which boasts of a large young population, cannot afford to wither away this demographic advantage due to a lack of better jobs.

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History of this topic

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

As unemployment rises, Labour looks set to crash into a jobs problem. How will it respond?
1 month, 1 week ago

As unemployment rises, Labour looks set to crash into a jobs problem. How will it respond?

The Independent  

Is Labour hurtling towards a jobs problem? The rate of unemployment among people aged 16 and above rose to 4.3 per cent over the July to September reporting period. Wage rises have certainly continued to moderate; earnings excluding bonuses grew 4.8 per cent in the year to July to Sept 2024, the lowest since Apr to June 2022, when the …

FY24 unemployment rate unchanged at 3.2%
3 months ago

FY24 unemployment rate unchanged at 3.2%

Hindustan Times  

India’s annual unemployment rate remained unchanged at 3.2% in 2023-24, mirroring the previous year’s figure, despite an increase in the number of people working or looking for a job, according to the latest annual Periodic Labour Force Survey report released on Monday. FY24 unemployment rate unchanged at 3.2% {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} This marks the first time the headline unemployment …

Government mulls increasing labour force survey frequency
4 months, 1 week ago

Government mulls increasing labour force survey frequency

Hindustan Times  

The Union government is planning to conduct the Periodic Labour Force Survey, which gives official employment and unemployment data, more frequently than it currently does, a senior official said, a potentially significant shift that could help to better capture labour-market dynamics. Currently, the PLFS issues quarterly data on key indicators but with a lag, including the country’s unemployment rate for …

Unemployment edges up despite more than 50,000 extra jobs amid population and participation growth
5 months ago

Unemployment edges up despite more than 50,000 extra jobs amid population and participation growth

ABC  

Australia's unemployment rate has continued to edge higher, despite the creation of about 50,000, mostly full-time, jobs. "The participation rate in June was only 0.1 percentage point lower than the historical high of 67.0 per cent in November 2023," he noted. "This, along with the continued high level of job vacancies, suggests the labour market remains relatively tight, despite the …

Britain’s workforce crisis deepens as one in five employers struggle to fill roles
10 months, 1 week ago

Britain’s workforce crisis deepens as one in five employers struggle to fill roles

The Telegraph  

The National Institute of Economic and Social Research warned last week that businesses have become “frustrated” with British workers. The number of firms registering to become sponsors to hire abroad has doubled since 2022, as more than nine million people of working age have dropped out of the jobs market. “Employer attention is shifting from helping staff weather the cost-of-living …

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

Unemployment rate in urban areas has come down: survey
1 year ago

Unemployment rate in urban areas has come down: survey

The Hindu  

The unemployment rate in urban areas of the country decreased from 7.2% in July-September, 2022 to 6.6% in July–September 2023 according to the Periodic Labour Force Survey conducted by the National Sample Survey Office. The worker population ratio, percentage of employed persons in the population, in urban areas increased from 44.5% in July-September, 2022 to 46% in July-September, 2023 for …

Unemployment rate in India is at its lowest level in six years: PM Modi
1 year, 2 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, 2 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 declined, says Centre’s survey
1 year, 2 months ago

Unemployment rate declined, says Centre’s survey

The Hindu  

The Periodic Labour Force Survey, carried out by the National Sample Survey Office, has reported that the unemployment rate in the country has shown a decrease between April and June 2023. The LFPR in urban areas increased from 47.5% in April-June 2022 to 48.8% in April-June 2023 for persons of age 15 years and above. The WPR in urban areas …

What the PLFS numbers reveal
1 year, 9 months ago

What the PLFS numbers reveal

Hindustan Times  

Headline numbers from the 2022 Periodic Labour Force Survey released last week are a shot in the arm for the Bharatiya Janata Party and its narrative of effective governance, and will likely form a key prong of its re-election plank in the 2024 Lok Sabha polls. One, the annual unemployment rate in 2021-22 of 4.1% was the lowest since the …

Urban unemployment rate falls to 7.2% in October-December 2022: Report
1 year, 9 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 …

Unemployed population may rise in 2023; Nearly 21 cr may become jobless: Report
1 year, 11 months ago

Unemployed population may rise in 2023; Nearly 21 cr may become jobless: Report

Live Mint  

The latest report by the United Nations agency has given a negative forecast regarding the job sector for 2023. The number of unemployed people in the world is expected to rise by 3 million to 208 million in 2023--an increased unemployment rate of 5.8%, while inflation will eat into real wages, the report added. "The slowdown in global employment growth …

Unemployment rate among graduates declines to 13.4% between July 2022 and June 2023
2 years, 2 months ago

Unemployment rate among graduates declines to 13.4% between July 2022 and June 2023

The Hindu  

Unemployment rate among graduates in a the age group of 15 years and above has declined to 13.4% in 2022-23 from 14.9% in year ago, according to a government survey. As per the latest Periodic Labour Force Survey, conducted by the Ministry of Statistics & Programme Implementation, the lowest unemployment rate among graduates aged 15 years and above witnessed in …

India’s unemployment rate plunges to 7.6% in April-June 2022: NSO survey
2 years, 3 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, …

Create more jobs, revamp employment policy
2 years, 5 months ago

Create more jobs, revamp employment policy

The Hindu  

The Government of India has recently announced its plan to create 10 lakh government jobs in the next 18 months. The share of contract workers in total government employment has been increasing rapidly in recent years — from 11.11 lakh in 2017 to 13.25 lakh in 2020 and to 24.31 lakh in 2021. The urban programme should include: basic urban …

Waiting for jobs: The Hindu Editorial on the Narendra Modi government’s plan to recruit 10 lakh personnel in 18 months
2 years, 6 months ago

Waiting for jobs: The Hindu Editorial on the Narendra Modi government’s plan to recruit 10 lakh personnel in 18 months

The Hindu  

For a nation that has had a significant demographic dividend — the working age population is much larger than the non-working age sections — finding productive employment for its youth was to be an imperative for India. Yet, in the last few years, unemployment has remained a major concern — the leaked Periodic Labour Force Survey in 2018 revealed that …

Unemployment rate dips in first quarter of 2022: survey
2 years, 6 months ago

Unemployment rate dips in first quarter of 2022: survey

The Hindu  

The Periodic Labour Force Survey has reported that the unemployment rate for urban areas has decreased to 8.2% in January-March 2022 from 8.7% in the previous quarter and 9.3% in the same quarter in 2021. The survey report, released here on Thursday, defines unemployment rate as the percentage of unemployed persons among the labour force. The quarterly survey results for …

Looking beyond the joblessness number
2 years, 6 months ago

Looking beyond the joblessness number

Hindustan Times  

Unemployment rates are often looked at as the ultimate measure of a country’s ability to create employment. While they are indeed an important metric as far as the labour market is concerned, there is a need to look beyond the headline unemployment number, especially in the case of emerging market economies such as India. The 2020-21 PLFS report – it …

Unemployment rate for persons 15 years and above in urban areas slips to 8.7% in Oct-Dec 2021: NSO survey
2 years, 7 months ago

Unemployment rate for persons 15 years and above in urban areas slips to 8.7% in Oct-Dec 2021: NSO survey

Firstpost  

The unemployment rate for persons of age 15 years and above in July-September 2021 was 9.8 per cent in urban areas, the 13th Periodic Labour Force Survey showed New Delhi: The unemployment rate for persons of 15 years and above in urban areas slipped to 8.7 per cent in October-December 2021 from 10.3 per cent in the year-ago quarter, showed …

One in five young people jobless in London as youth unemployment soars since start of pandemic
3 years ago

One in five young people jobless in London as youth unemployment soars since start of pandemic

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Youth unemployment in the capital has soared by 55 per …

Young Australians face 'bleak future' if Federal Government pursues budget repair too soon, Greens say
4 years, 2 months ago

Young Australians face 'bleak future' if Federal Government pursues budget repair too soon, Greens say

ABC  

If the Federal Government begins repairing the budget when the unemployment rate is 6 per cent, nearly 2 million Australians will still be out of work, or not getting enough work, and young people will bear the brunt of the pain, analysis shows. Key points: The youth unemployment rate is always higher than the national average Economists warn the unemployment …

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