-Hindustan Times According to the Centre for Monitoring Indian Economy, the number of the employed fell from 399.38 million in July to 397.78 million in August, with nearly 1.3 million job losses in rural India alone. Over 1.5 million people from both the formal and informal sectors lost their jobs in August, reversing some of the gains made in July, as the unemployment rate rose in rural and urban India. According to the...
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An urban jobs safety net -Rajneesh
-The Hindu It is time to formulate a wage employment-based national urban livelihood scheme similar to MGNREGS During the pandemic, we have again and again faced the difficult choice of saving lives versus protecting livelihoods. According to the World Economic Outlook report of April, 2021 of the International Monetary Fund (IMF), almost all countries, except China, experienced economic contraction last year. The global GDP shrunk by 3.3%. The contraction in the U.S.,...
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 »Parliamentary panel recommends money in banks, social security measures for informal workers
-The Hindu ‘Pandemic has made matters worse for women, the young, self-employed, migrants’. Direct transfer of money into bank accounts of informal workers and an urban employment guarantee scheme were among the recommendations of the Parliamentary Standing Committee on Labour in its report on the impact of the pandemic on rising unemployment and job loss. The report, which was presented in the Lok Sabha and tabled in the Rajya Sabha on Tuesday, said:...
More »How the pandemic and lockdown disrupted labour markets -Abhishek Jha and Roshan Kishore
-Hindustan Times PLFS report shows urban unemployment grew; there was an unprecedented shift from urban to rural jobs; wages fell and underemployment increased The 2019-20 Periodic Labour Force Survey (PLFS), which was released last week by the National Statistical Office (NSO) shows a fall in unemployment rate from 5.8% in 2018-19 to 4.8% 2019-20. Since PLFS follows a July-June rather than the fiscal year (April-March) period, the 2019-20 report includes the 68-day...
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