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LATEST NEWS UPDATES | Meanwhile, on the Jobs Front -Subodh Varma

Meanwhile, on the Jobs Front -Subodh Varma

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published Published on Apr 26, 2019   modified Modified on Apr 26, 2019
-Newsclick.in

Latest CMIE data shows that unemployment rate continues to steadily climb up even as PM Modi and his party try to divert attention by talking about air strikes and ‘national security’.

If ever there was a case of “Nero fiddling while Rome was burning” then India today is the best example. The country is going through one of its worst jobs crisis, well documented by several surveys and confirmed by reports flowing in from across the country in the midst of a bitter election campaign. Latest data from the Centre for Monitoring Indian Economy (CMIE) yet again confirms this – unemployment rate stood at 7.4% for the week ended April 22, the highest in two years.

Yet  Prime Minister Narendra Modi and his party (Bharatiya Janata Party), and all the Sadhvis and Yogis and pracharaks, are hopping from one election meeting to another supremely indifferent to unemployment. They talk about ‘protecting the country’ and ‘giving it back to the enemies’ and sing praises of the Balakot air strikes. But there is no mention of the widespread distress that is being inflicted on families whose sons and daughters are finding no jobs, after years of education.

CMIE’s data, collected from a sample survey, has emerged as the only source of regularly updated employment data in the country. The government has suppressed the Periodic Labour Force Survey (PLFS) conducted by the National Sample Survey Organisation (NSSO) for the first time last year, as a replacement for various Labour Bureau surveys.

The data shows that in May 2017, joblessness stood at 4%, which increased to 5.1% in May 2018, and has since zoomed to a record 7.41% in the third week of April this year.

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Newsclick.in, 24 April, 2019, https://www.newsclick.in/CMIE-Unemployment-Narendra-Modi?fbclid=IwAR25LUv3JJr4F__OAH1uFRoV-L9wKRyOPOHq3DMvqe4folH3L95WBnvYCzE


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