-TheWire.in A Minimum Income Guarantee would not just cushion exogenous shocks, but would arrest the process of vulnerability begetting vulnerability. While the worst of the pandemic is behind us, there has been a decline in general purchasing power amidst inflation. The provisional Consumer Food Price Index (combined for rural and urban) for September 2022 is pegged at 8.6%, a huge increase from 0.68% for September 2021. The latest Periodic Labour Force Survey (PLFS)...
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Unemployment rate rises to three-month high at 8 per cent in November: CMIE
-PTI/ The Telegraph Among the states, Haryana continued to have the highest Unemployment rate in the country Mumbai: The country's Unemployment rate rose to a three-month high at 8 per cent during November, according to data by the Centre for Monitoring Indian Economy (CMIE). The Unemployment rate in urban India was higher at 8.96 per cent, while in rural areas, it was at 7.55 per cent, the CMIE data showed on Thursday. In October...
More »Urban unemployment improved to best level in July-September -Abhishek Jha
-Hindustan Times Data also suggests that at least some of the improvement could be because of an increase in poor-quality jobs, a trend seen regularly since the Covid-19 pandemic India’s headline urban Unemployment rate reached its lowest-ever level in the quarter ending September 2022, according to the quarterly bulletin of the Periodic Labour Force Survey (PLFS) released by the National Statistical Office (NSO) on November 24. However, the bulletin’s data also suggests...
More »Outflow of Finance and Impact on Third World -Prabhat Patnaik
-Newsclick.in World capitalism is entering a new phase in which Third World economies will witness persistent outflow of finance, even if they raise interest rates in tandem with US rates. There are two defining and portentous features of the current world economic situation. One, which is well discussed, is the world-wide increase in interest rates in response to the pervasive inflationary upsurge; it would indubitably generate recession and unemployment, which, notwithstanding all...
More »MGNREGA: Nearly 1.5 crore Job Seekers Refused Work Till Now -Subodh Varma
-Newsclick.in Funds squeeze causes 14-17% refusals every year. The rural jobs guarantee scheme has emerged as a lifesaver for millions of Indians as they struggle with relentless unemployment. But official data shows that a very large number of job seekers are being turned away and not given work. In the first six months of the current financial year (April to October 2022) nearly 1.5 crore applicants for work were refused work. This situation...
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