-FinancialExpress.com Recent registrations cited as proof of job creation were mostly formalisation of existing jobs Defending the Centre’s record on employment, prime minister Narendra Modi, in a speech in Rajya Sabha, talked about the impressive net enrolment to Employment Provident Fund Organization (EPFO): during 2021, 1.20 crore beneficiaries were enrolled under EPF—about 65 lakh beneficiaries in the 18-25 age bracket, implying they are first-time entrants to the labour market. He connected the...
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Tale of two Indias: Income of Poorest 20% Tanks 53% in 5 years, Richest 20% Rises 39%
-Newsclick.in The poorest, whose annual income surged by 183% between 2005 and 2016, have been most impacted by COVID-19, shows survey In a K-shaped economic recovery since COVID-19 hit India, there was a massive plunge of 53% in the annual income of the poorest 20% of Indian households from 2015-16 to 2020-21. Besides the drastic fall in their annual income, which was rising since 1995, the share of the poorest 20% in...
More »Latest available PLFS data sheds light on unpaid helpers in self-employment & underemployment among various types of workers
Generally, economists refer to indicators like Worker Population Ratio (WPR), Labour Force Participation Rate (LFPR) and Unemployment Rate (UR) in order to assess the extent of joblessness and work related precarity at a particular period of time in a certain geographical area. However, there are other indicators too, which can help in understanding the job situation, livelihoods security and vulnerability of workers in a better way such as 'percentage distribution...
More »Official data corroborates deepening of livelihood crisis in urban areas during the 2020 nationwide lockdown
The recently released quarterly Periodic Labour Force Survey (PLFS) data broadly confirms the dip in employment and jobs during the countrywide lockdown period, followed by a certain degree of recovery in the post-lockdown months last year as have been indicated by various survey-based studies and research papers. The quarterly bulletin on PLFS provides data on key employment and unemployment indicators i.e. Unemployment Rate (UR), Worker Population Ratio (WPR) and Labour...
More »Most households in rural Bihar faced livelihood crisis during the first wave of COVID-19, reveals a recent study
The pandemic's first wave had a devastating impact on the livelihoods of rural workers in Bihar (including the self-employed) last year, according to a survey based research, jointly done by economists from Centre for Development Economics and Sustainability at Monash University, Australia and the New Delhi-based Institute for Human Development. A recent press note issued by the authors of the study shows that almost 94.4 percent of the households participating...
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