Official data on job creation and unemployment will be available every month, likely from April next year, as the government has approved a proposal to increase the frequency of the Periodic Labour Force Survey, the statistics ministry’s quarterly assessment of the labour market, two officials have said. Besides PLFS-based urban-jobs data on a three-monthly basis, the ministry currently also publishes …
India’s unemployment rate has been falling for a long time now. The urban unemployment rate fell to its lowest ever level of 6.4% in this quarter despite a rise in the labour force participation rate. Is the Indian labour market finally turning a corner not just in quantitative but also qualitative terms? The latest PLFS report gives us the first …
The Union Labour Ministry questioned the findings of a report prepared by the United States-based banking giant Citigroup and said the group failed to account for the “comprehensive and positive employment data” available from official sources such as the Periodic Labour Force Survey and the Reserve Bank of India’s capital, labour, energy, material and services data. The Citigroup’s report had …
London/Boston: As the 2024 elections approach, taking stock of the economy after a decade-long rule of the government led by Prime Minister Narendra Modi becomes a natural talking point. View Full Image Graphic: Mint According to the World Bank’s earlier $1.90 PPP per day line that defines extreme poverty, 23% of India’s population was poor in 2011-12, the last estimate …
The Union Labour Ministry, apparently irked over the routine unemployment data published by the Centre for Monitoring Indian Economy, has cautioned against such surveys conducted by private organisations. The Ministry said here in a statement on Wednesday that such surveys are “generally neither scientific nor based on internationally accepted norms.” The Ministry said the “official data” on employment and unemployment …