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Why Were 1.3 Crore Jobs Lost in June? -Subodh Varma

-Newsclick.in Most of the job losses were in agriculture, but 25 lakh salaried jobs were also lost. A perfect storm of delayed monsoon, languishing economy and continued inaction of the government on the jobs front has led to an astonishing decline of 1.3 crore from the total number of employed persons in the country in June this year, according to the latest CMIE estimates. In May, the number of employed persons were...

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Recognising the ‘compulsory’ woman worker -Brinda Karat

-The Hindu There is an urgent need for widespread surveys of poor rural women and how they spend their time The Centre for Monitoring Indian Economy (CMIE) reported that the labour participation rate of rural women was 9.92% in March 2022 compared to 67.24% for men. This is a cause for concern. According to CMIE, millions who left the labour market stopped looking for employment “possibly [because they were] too disappointed with...

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PM Narendra Modi directs recruitment of 10 lakh people on mission mode in 1.5 years

-PTI/ The Telegraph The government's decision comes amid the opposition's frequent criticism of it on the issue of unemployment New Delhi: Prime Minister Narendra Modi has asked various government departments and ministries to undertake the recruitment of 10 lakh people on a "mission mode" in the next year and a half, his office said on Tuesday. The direction from Modi came following a review of the status of human resources in all government...

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Record Profits Boost Corporate Sector in Pandemic -Subodh Varma

-Newsclick.in This is in contrast to estimated 84% of Indian families reporting decline in their earnings due to pandemic related lockdowns and restrictions. The trend was visible from last year but the scale of profits reported by listed companies after the last financial year ended in March this year is nothing short of mind-boggling. According to latest data by CMIE or Centre for Monitoring Indian Economy, companies listed at the BSE (formerly...

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Is India Facing a Post-pandemic Employment Crisis? -Murali Krishnan

-Newsclick.in India's job market is tightening, and skilled workers are finding it harder to enter the workforce. Government job drives and the informal economy have been unable to make up the difference. Pramod Lal is a 23-year-old recent business graduate from northern India, who thought he had the credentials to be competitive in the job market. However, Lal's attempts to start a career have yet to succeed. "Education is no guarantee for a...

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