Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f060cee84d9-trace').style.display = (document.getElementById('cakeErr67f060cee84d9-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f060cee84d9-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f060cee84d9-code').style.display = (document.getElementById('cakeErr67f060cee84d9-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f060cee84d9-context').style.display = (document.getElementById('cakeErr67f060cee84d9-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f060cee84d9-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
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</span></span></code></pre><pre id="cakeErr67f060cee84d9-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
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-Livemint.com&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;The new subscribers to EPFO likely represent formalization of a section of the regular workforce rather than new additions to it&lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;Ahead of the 2019 Lok Sabha elections, the jobs debate in India has heated up once again. Spokespersons of the National Democratic Alliance (NDA) claim the Indian economy has created an unprecedented number of jobs over the past couple of years. The opposition as well as some independent critics of the government claim that job creation has come to a virtual halt, and the past few years have witnessed &amp;ldquo;jobless growth&amp;rdquo;.&lt;br /&gt;
&lt;br /&gt;
A Mint analysis based on a broad range of data sources suggests that the claims of jobless growth are exaggerated. However, the pace at which salaried or regular jobs are being added in the economy seems to be much slower than the pace at which such jobs were being generated even half a decade ago.&lt;br /&gt;
&lt;br /&gt;
Data from the past two quinquennial employment surveys of the National Sample Survey Office (NSSO) show that between 2004-05 and 2011-12, the net annual addition to regular jobs was roughly two-and-a-half million. Between 2011-12 and 2016, the net annual addition to regular jobs slowed to roughly one-and-a-half million. Thus, the share of regular workers in the workforce went up significantly between 2004-05 and 2011-12 but has increased only marginally since then. &lt;br /&gt;
&lt;br /&gt;
The 2016 data is based on the ICE 360&amp;deg; survey, a nationally representative sample of 61,000 households conducted by the independent not-for-profit organization People Research on India&amp;rsquo;s Consumer Economy (PRICE), headed by two of India&amp;rsquo;s best-known consumer economy experts, Rama Bijapurkar and Rajesh Shukla.&lt;br /&gt;
&lt;br /&gt;
Data from the Annual Survey of Industries (ASI) and from corporate filings collated by the Centre for Monitoring Indian Economy (CMIE) shows a similar trend of slowing job creation in the organized sector. As chart 2 shows, corporate job growth declined sharply after 2011-12 and has recovered since then but the pace of recovery is still slower than what it was in the years leading up to 2011-12, as an earlier Plain Facts column had highlighted.&lt;br /&gt;
&lt;br /&gt;
What&amp;rsquo;s more, the share of regular workers with some form of social security&amp;mdash;those having either provident fund (PF)/pension or gratuity or healthcare/health insurance or maternity benefits&amp;mdash;seems to have declined steadily over the past decade. Nearly half of all regular workers had access to some form of social security in 2004-05. That proportion fell to 45% in 2011-12 and declined further to 38% in 2016.&lt;br /&gt;
&lt;br /&gt;
More than two-thirds of the salaried class lacked a written contract, and roughly two-thirds did not have provident fund/pension benefits in 2016, according to the ICE 360&amp;deg; survey.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://www.livemint.com/Politics/BFASnfvkU1rxaGCYPYbIqN/The-signal-and-the-noise-in-Indias-jobs-data.html&quot;&gt;click here&lt;/a&gt; to access. &lt;br /&gt;
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-Livemint.com

The new subscribers to EPFO likely represent formalization of a section of the regular workforce rather than new additions to it

New Delhi: Ahead of the 2019 Lok Sabha elections, the jobs debate in India has heated up once again. Spokespersons...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-Livemint.com&lt;br /&gt;&lt;br /&gt;&lt;em&gt;The new subscribers to EPFO likely represent formalization of a section of the regular workforce rather than new additions to it&lt;br /&gt;&lt;br /&gt;New Delhi: &lt;/em&gt;Ahead of the 2019 Lok Sabha elections, the jobs debate in India has heated up once again. Spokespersons of the National Democratic Alliance (NDA) claim the Indian economy has created an unprecedented number of jobs over the past couple of years. The opposition as well as some independent critics of the government claim that job creation has come to a virtual halt, and the past few years have witnessed &amp;ldquo;jobless growth&amp;rdquo;.&lt;br /&gt;&lt;br /&gt;A Mint analysis based on a broad range of data sources suggests that the claims of jobless growth are exaggerated. However, the pace at which salaried or regular jobs are being added in the economy seems to be much slower than the pace at which such jobs were being generated even half a decade ago.&lt;br /&gt;&lt;br /&gt;Data from the past two quinquennial employment surveys of the National Sample Survey Office (NSSO) show that between 2004-05 and 2011-12, the net annual addition to regular jobs was roughly two-and-a-half million. Between 2011-12 and 2016, the net annual addition to regular jobs slowed to roughly one-and-a-half million. Thus, the share of regular workers in the workforce went up significantly between 2004-05 and 2011-12 but has increased only marginally since then. &lt;br /&gt;&lt;br /&gt;The 2016 data is based on the ICE 360&amp;deg; survey, a nationally representative sample of 61,000 households conducted by the independent not-for-profit organization People Research on India&amp;rsquo;s Consumer Economy (PRICE), headed by two of India&amp;rsquo;s best-known consumer economy experts, Rama Bijapurkar and Rajesh Shukla.&lt;br /&gt;&lt;br /&gt;Data from the Annual Survey of Industries (ASI) and from corporate filings collated by the Centre for Monitoring Indian Economy (CMIE) shows a similar trend of slowing job creation in the organized sector. As chart 2 shows, corporate job growth declined sharply after 2011-12 and has recovered since then but the pace of recovery is still slower than what it was in the years leading up to 2011-12, as an earlier Plain Facts column had highlighted.&lt;br /&gt;&lt;br /&gt;What&amp;rsquo;s more, the share of regular workers with some form of social security&amp;mdash;those having either provident fund (PF)/pension or gratuity or healthcare/health insurance or maternity benefits&amp;mdash;seems to have declined steadily over the past decade. Nearly half of all regular workers had access to some form of social security in 2004-05. That proportion fell to 45% in 2011-12 and declined further to 38% in 2016.&lt;br /&gt;&lt;br /&gt;More than two-thirds of the salaried class lacked a written contract, and roughly two-thirds did not have provident fund/pension benefits in 2016, according to the ICE 360&amp;deg; survey.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;https://www.livemint.com/Politics/BFASnfvkU1rxaGCYPYbIqN/The-signal-and-the-noise-in-Indias-jobs-data.html&quot; title=&quot;https://www.livemint.com/Politics/BFASnfvkU1rxaGCYPYbIqN/The-signal-and-the-noise-in-Indias-jobs-data.html&quot;&gt;click here&lt;/a&gt; to access. &lt;br /&gt;&lt;/div&gt;&#039;,
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&lt;br /&gt;
&lt;em&gt;The new subscribers to EPFO likely represent formalization of a section of the regular workforce rather than new additions to it&lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;Ahead of the 2019 Lok Sabha elections, the jobs debate in India has heated up once again. Spokespersons of the National Democratic Alliance (NDA) claim the Indian economy has created an unprecedented number of jobs over the past couple of years. The opposition as well as some independent critics of the government claim that job creation has come to a virtual halt, and the past few years have witnessed &amp;ldquo;jobless growth&amp;rdquo;.&lt;br /&gt;
&lt;br /&gt;
A Mint analysis based on a broad range of data sources suggests that the claims of jobless growth are exaggerated. However, the pace at which salaried or regular jobs are being added in the economy seems to be much slower than the pace at which such jobs were being generated even half a decade ago.&lt;br /&gt;
&lt;br /&gt;
Data from the past two quinquennial employment surveys of the National Sample Survey Office (NSSO) show that between 2004-05 and 2011-12, the net annual addition to regular jobs was roughly two-and-a-half million. Between 2011-12 and 2016, the net annual addition to regular jobs slowed to roughly one-and-a-half million. Thus, the share of regular workers in the workforce went up significantly between 2004-05 and 2011-12 but has increased only marginally since then. &lt;br /&gt;
&lt;br /&gt;
The 2016 data is based on the ICE 360&amp;deg; survey, a nationally representative sample of 61,000 households conducted by the independent not-for-profit organization People Research on India&amp;rsquo;s Consumer Economy (PRICE), headed by two of India&amp;rsquo;s best-known consumer economy experts, Rama Bijapurkar and Rajesh Shukla.&lt;br /&gt;
&lt;br /&gt;
Data from the Annual Survey of Industries (ASI) and from corporate filings collated by the Centre for Monitoring Indian Economy (CMIE) shows a similar trend of slowing job creation in the organized sector. As chart 2 shows, corporate job growth declined sharply after 2011-12 and has recovered since then but the pace of recovery is still slower than what it was in the years leading up to 2011-12, as an earlier Plain Facts column had highlighted.&lt;br /&gt;
&lt;br /&gt;
What&amp;rsquo;s more, the share of regular workers with some form of social security&amp;mdash;those having either provident fund (PF)/pension or gratuity or healthcare/health insurance or maternity benefits&amp;mdash;seems to have declined steadily over the past decade. Nearly half of all regular workers had access to some form of social security in 2004-05. That proportion fell to 45% in 2011-12 and declined further to 38% in 2016.&lt;br /&gt;
&lt;br /&gt;
More than two-thirds of the salaried class lacked a written contract, and roughly two-thirds did not have provident fund/pension benefits in 2016, according to the ICE 360&amp;deg; survey.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://www.livemint.com/Politics/BFASnfvkU1rxaGCYPYbIqN/The-signal-and-the-noise-in-Indias-jobs-data.html&quot;&gt;click here&lt;/a&gt; to access. &lt;br /&gt;
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-Livemint.com

The new subscribers to EPFO likely represent formalization of a section of the regular workforce rather than new additions to it

New Delhi: Ahead of the 2019 Lok Sabha elections, the jobs debate in India has heated up once again. Spokespersons...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-Livemint.com&lt;br /&gt;&lt;br /&gt;&lt;em&gt;The new subscribers to EPFO likely represent formalization of a section of the regular workforce rather than new additions to it&lt;br /&gt;&lt;br /&gt;New Delhi: &lt;/em&gt;Ahead of the 2019 Lok Sabha elections, the jobs debate in India has heated up once again. Spokespersons of the National Democratic Alliance (NDA) claim the Indian economy has created an unprecedented number of jobs over the past couple of years. The opposition as well as some independent critics of the government claim that job creation has come to a virtual halt, and the past few years have witnessed &amp;ldquo;jobless growth&amp;rdquo;.&lt;br /&gt;&lt;br /&gt;A Mint analysis based on a broad range of data sources suggests that the claims of jobless growth are exaggerated. However, the pace at which salaried or regular jobs are being added in the economy seems to be much slower than the pace at which such jobs were being generated even half a decade ago.&lt;br /&gt;&lt;br /&gt;Data from the past two quinquennial employment surveys of the National Sample Survey Office (NSSO) show that between 2004-05 and 2011-12, the net annual addition to regular jobs was roughly two-and-a-half million. Between 2011-12 and 2016, the net annual addition to regular jobs slowed to roughly one-and-a-half million. Thus, the share of regular workers in the workforce went up significantly between 2004-05 and 2011-12 but has increased only marginally since then. &lt;br /&gt;&lt;br /&gt;The 2016 data is based on the ICE 360&amp;deg; survey, a nationally representative sample of 61,000 households conducted by the independent not-for-profit organization People Research on India&amp;rsquo;s Consumer Economy (PRICE), headed by two of India&amp;rsquo;s best-known consumer economy experts, Rama Bijapurkar and Rajesh Shukla.&lt;br /&gt;&lt;br /&gt;Data from the Annual Survey of Industries (ASI) and from corporate filings collated by the Centre for Monitoring Indian Economy (CMIE) shows a similar trend of slowing job creation in the organized sector. As chart 2 shows, corporate job growth declined sharply after 2011-12 and has recovered since then but the pace of recovery is still slower than what it was in the years leading up to 2011-12, as an earlier Plain Facts column had highlighted.&lt;br /&gt;&lt;br /&gt;What&amp;rsquo;s more, the share of regular workers with some form of social security&amp;mdash;those having either provident fund (PF)/pension or gratuity or healthcare/health insurance or maternity benefits&amp;mdash;seems to have declined steadily over the past decade. Nearly half of all regular workers had access to some form of social security in 2004-05. That proportion fell to 45% in 2011-12 and declined further to 38% in 2016.&lt;br /&gt;&lt;br /&gt;More than two-thirds of the salaried class lacked a written contract, and roughly two-thirds did not have provident fund/pension benefits in 2016, according to the ICE 360&amp;deg; survey.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;https://www.livemint.com/Politics/BFASnfvkU1rxaGCYPYbIqN/The-signal-and-the-noise-in-Indias-jobs-data.html&quot; title=&quot;https://www.livemint.com/Politics/BFASnfvkU1rxaGCYPYbIqN/The-signal-and-the-noise-in-Indias-jobs-data.html&quot;&gt;click here&lt;/a&gt; to access. &lt;br /&gt;&lt;/div&gt;&#039;
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Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
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                <strong>The signal and the noise in India&#039;s jobs data -Tadit Kundu, Udayan Rathore and Pramit Bhattacharya</strong></h1>
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                <div align="justify">-Livemint.com<br /><br /><em>The new subscribers to EPFO likely represent formalization of a section of the regular workforce rather than new additions to it<br /><br />New Delhi: </em>Ahead of the 2019 Lok Sabha elections, the jobs debate in India has heated up once again. Spokespersons of the National Democratic Alliance (NDA) claim the Indian economy has created an unprecedented number of jobs over the past couple of years. The opposition as well as some independent critics of the government claim that job creation has come to a virtual halt, and the past few years have witnessed &ldquo;jobless growth&rdquo;.<br /><br />A Mint analysis based on a broad range of data sources suggests that the claims of jobless growth are exaggerated. However, the pace at which salaried or regular jobs are being added in the economy seems to be much slower than the pace at which such jobs were being generated even half a decade ago.<br /><br />Data from the past two quinquennial employment surveys of the National Sample Survey Office (NSSO) show that between 2004-05 and 2011-12, the net annual addition to regular jobs was roughly two-and-a-half million. Between 2011-12 and 2016, the net annual addition to regular jobs slowed to roughly one-and-a-half million. Thus, the share of regular workers in the workforce went up significantly between 2004-05 and 2011-12 but has increased only marginally since then. <br /><br />The 2016 data is based on the ICE 360&deg; survey, a nationally representative sample of 61,000 households conducted by the independent not-for-profit organization People Research on India&rsquo;s Consumer Economy (PRICE), headed by two of India&rsquo;s best-known consumer economy experts, Rama Bijapurkar and Rajesh Shukla.<br /><br />Data from the Annual Survey of Industries (ASI) and from corporate filings collated by the Centre for Monitoring Indian Economy (CMIE) shows a similar trend of slowing job creation in the organized sector. As chart 2 shows, corporate job growth declined sharply after 2011-12 and has recovered since then but the pace of recovery is still slower than what it was in the years leading up to 2011-12, as an earlier Plain Facts column had highlighted.<br /><br />What&rsquo;s more, the share of regular workers with some form of social security&mdash;those having either provident fund (PF)/pension or gratuity or healthcare/health insurance or maternity benefits&mdash;seems to have declined steadily over the past decade. Nearly half of all regular workers had access to some form of social security in 2004-05. That proportion fell to 45% in 2011-12 and declined further to 38% in 2016.<br /><br />More than two-thirds of the salaried class lacked a written contract, and roughly two-thirds did not have provident fund/pension benefits in 2016, according to the ICE 360&deg; survey.<br /><br />Please <a href="https://www.livemint.com/Politics/BFASnfvkU1rxaGCYPYbIqN/The-signal-and-the-noise-in-Indias-jobs-data.html" title="https://www.livemint.com/Politics/BFASnfvkU1rxaGCYPYbIqN/The-signal-and-the-noise-in-Indias-jobs-data.html">click here</a> to access. <br /></div>               </font>
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&lt;em&gt;The new subscribers to EPFO likely represent formalization of a section of the regular workforce rather than new additions to it&lt;br /&gt;
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New Delhi: &lt;/em&gt;Ahead of the 2019 Lok Sabha elections, the jobs debate in India has heated up once again. Spokespersons of the National Democratic Alliance (NDA) claim the Indian economy has created an unprecedented number of jobs over the past couple of years. The opposition as well as some independent critics of the government claim that job creation has come to a virtual halt, and the past few years have witnessed &amp;ldquo;jobless growth&amp;rdquo;.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
Data from the past two quinquennial employment surveys of the National Sample Survey Office (NSSO) show that between 2004-05 and 2011-12, the net annual addition to regular jobs was roughly two-and-a-half million. Between 2011-12 and 2016, the net annual addition to regular jobs slowed to roughly one-and-a-half million. Thus, the share of regular workers in the workforce went up significantly between 2004-05 and 2011-12 but has increased only marginally since then. &lt;br /&gt;
&lt;br /&gt;
The 2016 data is based on the ICE 360&amp;deg; survey, a nationally representative sample of 61,000 households conducted by the independent not-for-profit organization People Research on India&amp;rsquo;s Consumer Economy (PRICE), headed by two of India&amp;rsquo;s best-known consumer economy experts, Rama Bijapurkar and Rajesh Shukla.&lt;br /&gt;
&lt;br /&gt;
Data from the Annual Survey of Industries (ASI) and from corporate filings collated by the Centre for Monitoring Indian Economy (CMIE) shows a similar trend of slowing job creation in the organized sector. As chart 2 shows, corporate job growth declined sharply after 2011-12 and has recovered since then but the pace of recovery is still slower than what it was in the years leading up to 2011-12, as an earlier Plain Facts column had highlighted.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
More than two-thirds of the salaried class lacked a written contract, and roughly two-thirds did not have provident fund/pension benefits in 2016, according to the ICE 360&amp;deg; survey.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://www.livemint.com/Politics/BFASnfvkU1rxaGCYPYbIqN/The-signal-and-the-noise-in-Indias-jobs-data.html&quot;&gt;click here&lt;/a&gt; to access. &lt;br /&gt;
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-Livemint.com&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;The new subscribers to EPFO likely represent formalization of a section of the regular workforce rather than new additions to it&lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;Ahead of the 2019 Lok Sabha elections, the jobs debate in India has heated up once again. Spokespersons of the National Democratic Alliance (NDA) claim the Indian economy has created an unprecedented number of jobs over the past couple of years. The opposition as well as some independent critics of the government claim that job creation has come to a virtual halt, and the past few years have witnessed &amp;ldquo;jobless growth&amp;rdquo;.&lt;br /&gt;
&lt;br /&gt;
A Mint analysis based on a broad range of data sources suggests that the claims of jobless growth are exaggerated. However, the pace at which salaried or regular jobs are being added in the economy seems to be much slower than the pace at which such jobs were being generated even half a decade ago.&lt;br /&gt;
&lt;br /&gt;
Data from the past two quinquennial employment surveys of the National Sample Survey Office (NSSO) show that between 2004-05 and 2011-12, the net annual addition to regular jobs was roughly two-and-a-half million. Between 2011-12 and 2016, the net annual addition to regular jobs slowed to roughly one-and-a-half million. Thus, the share of regular workers in the workforce went up significantly between 2004-05 and 2011-12 but has increased only marginally since then. &lt;br /&gt;
&lt;br /&gt;
The 2016 data is based on the ICE 360&amp;deg; survey, a nationally representative sample of 61,000 households conducted by the independent not-for-profit organization People Research on India&amp;rsquo;s Consumer Economy (PRICE), headed by two of India&amp;rsquo;s best-known consumer economy experts, Rama Bijapurkar and Rajesh Shukla.&lt;br /&gt;
&lt;br /&gt;
Data from the Annual Survey of Industries (ASI) and from corporate filings collated by the Centre for Monitoring Indian Economy (CMIE) shows a similar trend of slowing job creation in the organized sector. As chart 2 shows, corporate job growth declined sharply after 2011-12 and has recovered since then but the pace of recovery is still slower than what it was in the years leading up to 2011-12, as an earlier Plain Facts column had highlighted.&lt;br /&gt;
&lt;br /&gt;
What&amp;rsquo;s more, the share of regular workers with some form of social security&amp;mdash;those having either provident fund (PF)/pension or gratuity or healthcare/health insurance or maternity benefits&amp;mdash;seems to have declined steadily over the past decade. Nearly half of all regular workers had access to some form of social security in 2004-05. That proportion fell to 45% in 2011-12 and declined further to 38% in 2016.&lt;br /&gt;
&lt;br /&gt;
More than two-thirds of the salaried class lacked a written contract, and roughly two-thirds did not have provident fund/pension benefits in 2016, according to the ICE 360&amp;deg; survey.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://www.livemint.com/Politics/BFASnfvkU1rxaGCYPYbIqN/The-signal-and-the-noise-in-Indias-jobs-data.html&quot;&gt;click here&lt;/a&gt; to access. &lt;br /&gt;
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-Livemint.com

The new subscribers to EPFO likely represent formalization of a section of the regular workforce rather than new additions to it

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                <strong>The signal and the noise in India&#039;s jobs data -Tadit Kundu, Udayan Rathore and Pramit Bhattacharya</strong></h1>
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                <div align="justify">-Livemint.com<br /><br /><em>The new subscribers to EPFO likely represent formalization of a section of the regular workforce rather than new additions to it<br /><br />New Delhi: </em>Ahead of the 2019 Lok Sabha elections, the jobs debate in India has heated up once again. Spokespersons of the National Democratic Alliance (NDA) claim the Indian economy has created an unprecedented number of jobs over the past couple of years. The opposition as well as some independent critics of the government claim that job creation has come to a virtual halt, and the past few years have witnessed &ldquo;jobless growth&rdquo;.<br /><br />A Mint analysis based on a broad range of data sources suggests that the claims of jobless growth are exaggerated. However, the pace at which salaried or regular jobs are being added in the economy seems to be much slower than the pace at which such jobs were being generated even half a decade ago.<br /><br />Data from the past two quinquennial employment surveys of the National Sample Survey Office (NSSO) show that between 2004-05 and 2011-12, the net annual addition to regular jobs was roughly two-and-a-half million. Between 2011-12 and 2016, the net annual addition to regular jobs slowed to roughly one-and-a-half million. Thus, the share of regular workers in the workforce went up significantly between 2004-05 and 2011-12 but has increased only marginally since then. <br /><br />The 2016 data is based on the ICE 360&deg; survey, a nationally representative sample of 61,000 households conducted by the independent not-for-profit organization People Research on India&rsquo;s Consumer Economy (PRICE), headed by two of India&rsquo;s best-known consumer economy experts, Rama Bijapurkar and Rajesh Shukla.<br /><br />Data from the Annual Survey of Industries (ASI) and from corporate filings collated by the Centre for Monitoring Indian Economy (CMIE) shows a similar trend of slowing job creation in the organized sector. As chart 2 shows, corporate job growth declined sharply after 2011-12 and has recovered since then but the pace of recovery is still slower than what it was in the years leading up to 2011-12, as an earlier Plain Facts column had highlighted.<br /><br />What&rsquo;s more, the share of regular workers with some form of social security&mdash;those having either provident fund (PF)/pension or gratuity or healthcare/health insurance or maternity benefits&mdash;seems to have declined steadily over the past decade. Nearly half of all regular workers had access to some form of social security in 2004-05. That proportion fell to 45% in 2011-12 and declined further to 38% in 2016.<br /><br />More than two-thirds of the salaried class lacked a written contract, and roughly two-thirds did not have provident fund/pension benefits in 2016, according to the ICE 360&deg; survey.<br /><br />Please <a href="https://www.livemint.com/Politics/BFASnfvkU1rxaGCYPYbIqN/The-signal-and-the-noise-in-Indias-jobs-data.html" title="https://www.livemint.com/Politics/BFASnfvkU1rxaGCYPYbIqN/The-signal-and-the-noise-in-Indias-jobs-data.html">click here</a> to access. <br /></div>               </font>
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-Livemint.com&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;The new subscribers to EPFO likely represent formalization of a section of the regular workforce rather than new additions to it&lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;Ahead of the 2019 Lok Sabha elections, the jobs debate in India has heated up once again. Spokespersons of the National Democratic Alliance (NDA) claim the Indian economy has created an unprecedented number of jobs over the past couple of years. The opposition as well as some independent critics of the government claim that job creation has come to a virtual halt, and the past few years have witnessed &amp;ldquo;jobless growth&amp;rdquo;.&lt;br /&gt;
&lt;br /&gt;
A Mint analysis based on a broad range of data sources suggests that the claims of jobless growth are exaggerated. However, the pace at which salaried or regular jobs are being added in the economy seems to be much slower than the pace at which such jobs were being generated even half a decade ago.&lt;br /&gt;
&lt;br /&gt;
Data from the past two quinquennial employment surveys of the National Sample Survey Office (NSSO) show that between 2004-05 and 2011-12, the net annual addition to regular jobs was roughly two-and-a-half million. Between 2011-12 and 2016, the net annual addition to regular jobs slowed to roughly one-and-a-half million. Thus, the share of regular workers in the workforce went up significantly between 2004-05 and 2011-12 but has increased only marginally since then. &lt;br /&gt;
&lt;br /&gt;
The 2016 data is based on the ICE 360&amp;deg; survey, a nationally representative sample of 61,000 households conducted by the independent not-for-profit organization People Research on India&amp;rsquo;s Consumer Economy (PRICE), headed by two of India&amp;rsquo;s best-known consumer economy experts, Rama Bijapurkar and Rajesh Shukla.&lt;br /&gt;
&lt;br /&gt;
Data from the Annual Survey of Industries (ASI) and from corporate filings collated by the Centre for Monitoring Indian Economy (CMIE) shows a similar trend of slowing job creation in the organized sector. As chart 2 shows, corporate job growth declined sharply after 2011-12 and has recovered since then but the pace of recovery is still slower than what it was in the years leading up to 2011-12, as an earlier Plain Facts column had highlighted.&lt;br /&gt;
&lt;br /&gt;
What&amp;rsquo;s more, the share of regular workers with some form of social security&amp;mdash;those having either provident fund (PF)/pension or gratuity or healthcare/health insurance or maternity benefits&amp;mdash;seems to have declined steadily over the past decade. Nearly half of all regular workers had access to some form of social security in 2004-05. That proportion fell to 45% in 2011-12 and declined further to 38% in 2016.&lt;br /&gt;
&lt;br /&gt;
More than two-thirds of the salaried class lacked a written contract, and roughly two-thirds did not have provident fund/pension benefits in 2016, according to the ICE 360&amp;deg; survey.&lt;br /&gt;
&lt;br /&gt;
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-Livemint.com

The new subscribers to EPFO likely represent formalization of a section of the regular workforce rather than new additions to it

New Delhi: Ahead of the 2019 Lok Sabha elections, the jobs debate in India has heated up once again. Spokespersons...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-Livemint.com&lt;br /&gt;&lt;br /&gt;&lt;em&gt;The new subscribers to EPFO likely represent formalization of a section of the regular workforce rather than new additions to it&lt;br /&gt;&lt;br /&gt;New Delhi: &lt;/em&gt;Ahead of the 2019 Lok Sabha elections, the jobs debate in India has heated up once again. Spokespersons of the National Democratic Alliance (NDA) claim the Indian economy has created an unprecedented number of jobs over the past couple of years. The opposition as well as some independent critics of the government claim that job creation has come to a virtual halt, and the past few years have witnessed &amp;ldquo;jobless growth&amp;rdquo;.&lt;br /&gt;&lt;br /&gt;A Mint analysis based on a broad range of data sources suggests that the claims of jobless growth are exaggerated. However, the pace at which salaried or regular jobs are being added in the economy seems to be much slower than the pace at which such jobs were being generated even half a decade ago.&lt;br /&gt;&lt;br /&gt;Data from the past two quinquennial employment surveys of the National Sample Survey Office (NSSO) show that between 2004-05 and 2011-12, the net annual addition to regular jobs was roughly two-and-a-half million. Between 2011-12 and 2016, the net annual addition to regular jobs slowed to roughly one-and-a-half million. Thus, the share of regular workers in the workforce went up significantly between 2004-05 and 2011-12 but has increased only marginally since then. &lt;br /&gt;&lt;br /&gt;The 2016 data is based on the ICE 360&amp;deg; survey, a nationally representative sample of 61,000 households conducted by the independent not-for-profit organization People Research on India&amp;rsquo;s Consumer Economy (PRICE), headed by two of India&amp;rsquo;s best-known consumer economy experts, Rama Bijapurkar and Rajesh Shukla.&lt;br /&gt;&lt;br /&gt;Data from the Annual Survey of Industries (ASI) and from corporate filings collated by the Centre for Monitoring Indian Economy (CMIE) shows a similar trend of slowing job creation in the organized sector. As chart 2 shows, corporate job growth declined sharply after 2011-12 and has recovered since then but the pace of recovery is still slower than what it was in the years leading up to 2011-12, as an earlier Plain Facts column had highlighted.&lt;br /&gt;&lt;br /&gt;What&amp;rsquo;s more, the share of regular workers with some form of social security&amp;mdash;those having either provident fund (PF)/pension or gratuity or healthcare/health insurance or maternity benefits&amp;mdash;seems to have declined steadily over the past decade. Nearly half of all regular workers had access to some form of social security in 2004-05. That proportion fell to 45% in 2011-12 and declined further to 38% in 2016.&lt;br /&gt;&lt;br /&gt;More than two-thirds of the salaried class lacked a written contract, and roughly two-thirds did not have provident fund/pension benefits in 2016, according to the ICE 360&amp;deg; survey.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;https://www.livemint.com/Politics/BFASnfvkU1rxaGCYPYbIqN/The-signal-and-the-noise-in-Indias-jobs-data.html&quot; title=&quot;https://www.livemint.com/Politics/BFASnfvkU1rxaGCYPYbIqN/The-signal-and-the-noise-in-Indias-jobs-data.html&quot;&gt;click here&lt;/a&gt; to access. &lt;br /&gt;&lt;/div&gt;&#039;,
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	&#039;title&#039; =&gt; &#039;The signal and the noise in India&amp;#039;s jobs data -Tadit Kundu, Udayan Rathore and Pramit Bhattacharya&#039;,
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-Livemint.com&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;The new subscribers to EPFO likely represent formalization of a section of the regular workforce rather than new additions to it&lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;Ahead of the 2019 Lok Sabha elections, the jobs debate in India has heated up once again. Spokespersons of the National Democratic Alliance (NDA) claim the Indian economy has created an unprecedented number of jobs over the past couple of years. The opposition as well as some independent critics of the government claim that job creation has come to a virtual halt, and the past few years have witnessed &amp;ldquo;jobless growth&amp;rdquo;.&lt;br /&gt;
&lt;br /&gt;
A Mint analysis based on a broad range of data sources suggests that the claims of jobless growth are exaggerated. However, the pace at which salaried or regular jobs are being added in the economy seems to be much slower than the pace at which such jobs were being generated even half a decade ago.&lt;br /&gt;
&lt;br /&gt;
Data from the past two quinquennial employment surveys of the National Sample Survey Office (NSSO) show that between 2004-05 and 2011-12, the net annual addition to regular jobs was roughly two-and-a-half million. Between 2011-12 and 2016, the net annual addition to regular jobs slowed to roughly one-and-a-half million. Thus, the share of regular workers in the workforce went up significantly between 2004-05 and 2011-12 but has increased only marginally since then. &lt;br /&gt;
&lt;br /&gt;
The 2016 data is based on the ICE 360&amp;deg; survey, a nationally representative sample of 61,000 households conducted by the independent not-for-profit organization People Research on India&amp;rsquo;s Consumer Economy (PRICE), headed by two of India&amp;rsquo;s best-known consumer economy experts, Rama Bijapurkar and Rajesh Shukla.&lt;br /&gt;
&lt;br /&gt;
Data from the Annual Survey of Industries (ASI) and from corporate filings collated by the Centre for Monitoring Indian Economy (CMIE) shows a similar trend of slowing job creation in the organized sector. As chart 2 shows, corporate job growth declined sharply after 2011-12 and has recovered since then but the pace of recovery is still slower than what it was in the years leading up to 2011-12, as an earlier Plain Facts column had highlighted.&lt;br /&gt;
&lt;br /&gt;
What&amp;rsquo;s more, the share of regular workers with some form of social security&amp;mdash;those having either provident fund (PF)/pension or gratuity or healthcare/health insurance or maternity benefits&amp;mdash;seems to have declined steadily over the past decade. Nearly half of all regular workers had access to some form of social security in 2004-05. That proportion fell to 45% in 2011-12 and declined further to 38% in 2016.&lt;br /&gt;
&lt;br /&gt;
More than two-thirds of the salaried class lacked a written contract, and roughly two-thirds did not have provident fund/pension benefits in 2016, according to the ICE 360&amp;deg; survey.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://www.livemint.com/Politics/BFASnfvkU1rxaGCYPYbIqN/The-signal-and-the-noise-in-Indias-jobs-data.html&quot;&gt;click here&lt;/a&gt; to access. &lt;br /&gt;
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-Livemint.com

The new subscribers to EPFO likely represent formalization of a section of the regular workforce rather than new additions to it

New Delhi: Ahead of the 2019 Lok Sabha elections, the jobs debate in India has heated up once again. Spokespersons...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-Livemint.com&lt;br /&gt;&lt;br /&gt;&lt;em&gt;The new subscribers to EPFO likely represent formalization of a section of the regular workforce rather than new additions to it&lt;br /&gt;&lt;br /&gt;New Delhi: &lt;/em&gt;Ahead of the 2019 Lok Sabha elections, the jobs debate in India has heated up once again. Spokespersons of the National Democratic Alliance (NDA) claim the Indian economy has created an unprecedented number of jobs over the past couple of years. The opposition as well as some independent critics of the government claim that job creation has come to a virtual halt, and the past few years have witnessed &amp;ldquo;jobless growth&amp;rdquo;.&lt;br /&gt;&lt;br /&gt;A Mint analysis based on a broad range of data sources suggests that the claims of jobless growth are exaggerated. However, the pace at which salaried or regular jobs are being added in the economy seems to be much slower than the pace at which such jobs were being generated even half a decade ago.&lt;br /&gt;&lt;br /&gt;Data from the past two quinquennial employment surveys of the National Sample Survey Office (NSSO) show that between 2004-05 and 2011-12, the net annual addition to regular jobs was roughly two-and-a-half million. Between 2011-12 and 2016, the net annual addition to regular jobs slowed to roughly one-and-a-half million. Thus, the share of regular workers in the workforce went up significantly between 2004-05 and 2011-12 but has increased only marginally since then. &lt;br /&gt;&lt;br /&gt;The 2016 data is based on the ICE 360&amp;deg; survey, a nationally representative sample of 61,000 households conducted by the independent not-for-profit organization People Research on India&amp;rsquo;s Consumer Economy (PRICE), headed by two of India&amp;rsquo;s best-known consumer economy experts, Rama Bijapurkar and Rajesh Shukla.&lt;br /&gt;&lt;br /&gt;Data from the Annual Survey of Industries (ASI) and from corporate filings collated by the Centre for Monitoring Indian Economy (CMIE) shows a similar trend of slowing job creation in the organized sector. As chart 2 shows, corporate job growth declined sharply after 2011-12 and has recovered since then but the pace of recovery is still slower than what it was in the years leading up to 2011-12, as an earlier Plain Facts column had highlighted.&lt;br /&gt;&lt;br /&gt;What&amp;rsquo;s more, the share of regular workers with some form of social security&amp;mdash;those having either provident fund (PF)/pension or gratuity or healthcare/health insurance or maternity benefits&amp;mdash;seems to have declined steadily over the past decade. Nearly half of all regular workers had access to some form of social security in 2004-05. That proportion fell to 45% in 2011-12 and declined further to 38% in 2016.&lt;br /&gt;&lt;br /&gt;More than two-thirds of the salaried class lacked a written contract, and roughly two-thirds did not have provident fund/pension benefits in 2016, according to the ICE 360&amp;deg; survey.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;https://www.livemint.com/Politics/BFASnfvkU1rxaGCYPYbIqN/The-signal-and-the-noise-in-Indias-jobs-data.html&quot; title=&quot;https://www.livemint.com/Politics/BFASnfvkU1rxaGCYPYbIqN/The-signal-and-the-noise-in-Indias-jobs-data.html&quot;&gt;click here&lt;/a&gt; to access. &lt;br /&gt;&lt;/div&gt;&#039;
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The new subscribers to EPFO likely represent formalization of a section of the regular workforce rather than new additions to it

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                <strong>The signal and the noise in India&#039;s jobs data -Tadit Kundu, Udayan Rathore and Pramit Bhattacharya</strong></h1>
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                <div align="justify">-Livemint.com<br /><br /><em>The new subscribers to EPFO likely represent formalization of a section of the regular workforce rather than new additions to it<br /><br />New Delhi: </em>Ahead of the 2019 Lok Sabha elections, the jobs debate in India has heated up once again. Spokespersons of the National Democratic Alliance (NDA) claim the Indian economy has created an unprecedented number of jobs over the past couple of years. The opposition as well as some independent critics of the government claim that job creation has come to a virtual halt, and the past few years have witnessed &ldquo;jobless growth&rdquo;.<br /><br />A Mint analysis based on a broad range of data sources suggests that the claims of jobless growth are exaggerated. However, the pace at which salaried or regular jobs are being added in the economy seems to be much slower than the pace at which such jobs were being generated even half a decade ago.<br /><br />Data from the past two quinquennial employment surveys of the National Sample Survey Office (NSSO) show that between 2004-05 and 2011-12, the net annual addition to regular jobs was roughly two-and-a-half million. Between 2011-12 and 2016, the net annual addition to regular jobs slowed to roughly one-and-a-half million. Thus, the share of regular workers in the workforce went up significantly between 2004-05 and 2011-12 but has increased only marginally since then. <br /><br />The 2016 data is based on the ICE 360&deg; survey, a nationally representative sample of 61,000 households conducted by the independent not-for-profit organization People Research on India&rsquo;s Consumer Economy (PRICE), headed by two of India&rsquo;s best-known consumer economy experts, Rama Bijapurkar and Rajesh Shukla.<br /><br />Data from the Annual Survey of Industries (ASI) and from corporate filings collated by the Centre for Monitoring Indian Economy (CMIE) shows a similar trend of slowing job creation in the organized sector. As chart 2 shows, corporate job growth declined sharply after 2011-12 and has recovered since then but the pace of recovery is still slower than what it was in the years leading up to 2011-12, as an earlier Plain Facts column had highlighted.<br /><br />What&rsquo;s more, the share of regular workers with some form of social security&mdash;those having either provident fund (PF)/pension or gratuity or healthcare/health insurance or maternity benefits&mdash;seems to have declined steadily over the past decade. Nearly half of all regular workers had access to some form of social security in 2004-05. That proportion fell to 45% in 2011-12 and declined further to 38% in 2016.<br /><br />More than two-thirds of the salaried class lacked a written contract, and roughly two-thirds did not have provident fund/pension benefits in 2016, according to the ICE 360&deg; survey.<br /><br />Please <a href="https://www.livemint.com/Politics/BFASnfvkU1rxaGCYPYbIqN/The-signal-and-the-noise-in-Indias-jobs-data.html" title="https://www.livemint.com/Politics/BFASnfvkU1rxaGCYPYbIqN/The-signal-and-the-noise-in-Indias-jobs-data.html">click here</a> to access. <br /></div>               </font>
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-Livemint.com<br />
<br />
<em>The new subscribers to EPFO likely represent formalization of a section of the regular workforce rather than new additions to it<br />
<br />
New Delhi: </em>Ahead of the 2019 Lok Sabha elections, the jobs debate in India has heated up once again. Spokespersons of the National Democratic Alliance (NDA) claim the Indian economy has created an unprecedented number of jobs over the past couple of years. The opposition as well as some independent critics of the government claim that job creation has come to a virtual halt, and the past few years have witnessed &ldquo;jobless growth&rdquo;.<br />
<br />
A Mint analysis based on a broad range of data sources suggests that the claims of jobless growth are exaggerated. However, the pace at which salaried or regular jobs are being added in the economy seems to be much slower than the pace at which such jobs were being generated even half a decade ago.<br />
<br />
Data from the past two quinquennial employment surveys of the National Sample Survey Office (NSSO) show that between 2004-05 and 2011-12, the net annual addition to regular jobs was roughly two-and-a-half million. Between 2011-12 and 2016, the net annual addition to regular jobs slowed to roughly one-and-a-half million. Thus, the share of regular workers in the workforce went up significantly between 2004-05 and 2011-12 but has increased only marginally since then. <br />
<br />
The 2016 data is based on the ICE 360&deg; survey, a nationally representative sample of 61,000 households conducted by the independent not-for-profit organization People Research on India&rsquo;s Consumer Economy (PRICE), headed by two of India&rsquo;s best-known consumer economy experts, Rama Bijapurkar and Rajesh Shukla.<br />
<br />
Data from the Annual Survey of Industries (ASI) and from corporate filings collated by the Centre for Monitoring Indian Economy (CMIE) shows a similar trend of slowing job creation in the organized sector. As chart 2 shows, corporate job growth declined sharply after 2011-12 and has recovered since then but the pace of recovery is still slower than what it was in the years leading up to 2011-12, as an earlier Plain Facts column had highlighted.<br />
<br />
What&rsquo;s more, the share of regular workers with some form of social security&mdash;those having either provident fund (PF)/pension or gratuity or healthcare/health insurance or maternity benefits&mdash;seems to have declined steadily over the past decade. Nearly half of all regular workers had access to some form of social security in 2004-05. That proportion fell to 45% in 2011-12 and declined further to 38% in 2016.<br />
<br />
More than two-thirds of the salaried class lacked a written contract, and roughly two-thirds did not have provident fund/pension benefits in 2016, according to the ICE 360&deg; survey.<br />
<br />
Please <a href="https://www.livemint.com/Politics/BFASnfvkU1rxaGCYPYbIqN/The-signal-and-the-noise-in-Indias-jobs-data.html">click here</a> to access. <br />
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-Livemint.com

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	'title' => 'The signal and the noise in India&#039;s jobs data -Tadit Kundu, Udayan Rathore and Pramit Bhattacharya',
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-Livemint.com<br />
<br />
<em>The new subscribers to EPFO likely represent formalization of a section of the regular workforce rather than new additions to it<br />
<br />
New Delhi: </em>Ahead of the 2019 Lok Sabha elections, the jobs debate in India has heated up once again. Spokespersons of the National Democratic Alliance (NDA) claim the Indian economy has created an unprecedented number of jobs over the past couple of years. The opposition as well as some independent critics of the government claim that job creation has come to a virtual halt, and the past few years have witnessed &ldquo;jobless growth&rdquo;.<br />
<br />
A Mint analysis based on a broad range of data sources suggests that the claims of jobless growth are exaggerated. However, the pace at which salaried or regular jobs are being added in the economy seems to be much slower than the pace at which such jobs were being generated even half a decade ago.<br />
<br />
Data from the past two quinquennial employment surveys of the National Sample Survey Office (NSSO) show that between 2004-05 and 2011-12, the net annual addition to regular jobs was roughly two-and-a-half million. Between 2011-12 and 2016, the net annual addition to regular jobs slowed to roughly one-and-a-half million. Thus, the share of regular workers in the workforce went up significantly between 2004-05 and 2011-12 but has increased only marginally since then. <br />
<br />
The 2016 data is based on the ICE 360&deg; survey, a nationally representative sample of 61,000 households conducted by the independent not-for-profit organization People Research on India&rsquo;s Consumer Economy (PRICE), headed by two of India&rsquo;s best-known consumer economy experts, Rama Bijapurkar and Rajesh Shukla.<br />
<br />
Data from the Annual Survey of Industries (ASI) and from corporate filings collated by the Centre for Monitoring Indian Economy (CMIE) shows a similar trend of slowing job creation in the organized sector. As chart 2 shows, corporate job growth declined sharply after 2011-12 and has recovered since then but the pace of recovery is still slower than what it was in the years leading up to 2011-12, as an earlier Plain Facts column had highlighted.<br />
<br />
What&rsquo;s more, the share of regular workers with some form of social security&mdash;those having either provident fund (PF)/pension or gratuity or healthcare/health insurance or maternity benefits&mdash;seems to have declined steadily over the past decade. Nearly half of all regular workers had access to some form of social security in 2004-05. That proportion fell to 45% in 2011-12 and declined further to 38% in 2016.<br />
<br />
More than two-thirds of the salaried class lacked a written contract, and roughly two-thirds did not have provident fund/pension benefits in 2016, according to the ICE 360&deg; survey.<br />
<br />
Please <a href="https://www.livemint.com/Politics/BFASnfvkU1rxaGCYPYbIqN/The-signal-and-the-noise-in-Indias-jobs-data.html">click here</a> to access. <br />
</div>',
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-Livemint.com

The new subscribers to EPFO likely represent formalization of a section of the regular workforce rather than new additions to it

New Delhi: Ahead of the 2019 Lok Sabha elections, the jobs debate in India has heated up once again. Spokespersons...'
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The signal and the noise in India's jobs data -Tadit Kundu, Udayan Rathore and Pramit Bhattacharya

-Livemint.com The new subscribers to EPFO likely represent formalization of a section of the regular workforce rather than new additions to it New Delhi: Ahead of the 2019 Lok Sabha elections, the jobs debate in India has heated up once again. Spokespersons of the National Democratic Alliance (NDA) claim the Indian economy has created an unprecedented number of jobs over the past couple of years. The opposition as well as some independent critics of the government claim that job creation has come to a virtual halt, and the past few years have witnessed “jobless growth”. A Mint analysis based on a broad range of data sources suggests that the claims of jobless growth are exaggerated. However, the pace at which salaried or regular jobs are being added in the economy seems to be much slower than the pace at which such jobs were being generated even half a decade ago. Data from the past two quinquennial employment surveys of the National Sample Survey Office (NSSO) show that between 2004-05 and 2011-12, the net annual addition to regular jobs was roughly two-and-a-half million. Between 2011-12 and 2016, the net annual addition to regular jobs slowed to roughly one-and-a-half million. Thus, the share of regular workers in the workforce went up significantly between 2004-05 and 2011-12 but has increased only marginally since then. The 2016 data is based on the ICE 360° survey, a nationally representative sample of 61,000 households conducted by the independent not-for-profit organization People Research on India’s Consumer Economy (PRICE), headed by two of India’s best-known consumer economy experts, Rama Bijapurkar and Rajesh Shukla. Data from the Annual Survey of Industries (ASI) and from corporate filings collated by the Centre for Monitoring Indian Economy (CMIE) shows a similar trend of slowing job creation in the organized sector. As chart 2 shows, corporate job growth declined sharply after 2011-12 and has recovered since then but the pace of recovery is still slower than what it was in the years leading up to 2011-12, as an earlier Plain Facts column had highlighted. What’s more, the share of regular workers with some form of social security—those having either provident fund (PF)/pension or gratuity or healthcare/health insurance or maternity benefits—seems to have declined steadily over the past decade. Nearly half of all regular workers had access to some form of social security in 2004-05. That proportion fell to 45% in 2011-12 and declined further to 38% in 2016. More than two-thirds of the salaried class lacked a written contract, and roughly two-thirds did not have provident fund/pension benefits in 2016, according to the ICE 360° survey. Please click here to access.