Unemployment rate

Jason Furman, former chairman of the White House Council of Economic Advisers, said on Twitter that it might take some time for the impact of the Omicron surge to show up in employment data, Xinhua news agency reported. In January, employment growth continued in leisure and hospitality, in professional and business services, in retail trade, and in transportation and warehousing, according to the report.

The joblessness rates in 2017-18 and 2018-19 were 7.7 percent and 7.6 percent respectively. The data on employment and unemployment is collected through the PLF Survey conducted by National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) since 2017-18. The minister said in Rajya Sabha that the government has launched All-India Quarterly Establishment Based Employment Survey (AQEES) in April 2021.

Employers in large organisations report the most optimistic outlook with 51 per cent intending to hire in the first quarter compared to 25 per cent in small companies. Employers in the North report the strongest hiring intentions for Q1 followed by South and West. To provide a wider coverage of the market segments, ManpowerGroup has included four new sectors in this report like IT and Technology, Primary Production, Restaurants and Hotels and Not for Profit increasing the overall number of industry sectors' analysis from seven to eleven.

This is the figure as of October this year, Xinhua news agency quoted the report published by the Ascent, a website focused on financial services, using data from the Washington-based think tank Economic Policy Institute. Among those people who had suffered some sort of economic setback resulting from the pandemic, 7.4 million were, at some point, officially unemployed.

According to the survey, unlike earlier, concern around Covid-19 has receded both for global citizens and Urban Indians. It sat on top as the top worry of global citizens (28 markets including India) for 18 months. Among the Indians, the urban citizens are more concerned about unemployment (42 per cent), coronavirus (35 ), financial & political corruption (30 per cent), poverty and social inequality (26 per cent), crime and violence (24 per cent), education (20 per cent),among others.

The growth has come as compared to 2.37 crore job count as reported by the sixth Economic Census (2013-14). The nine sectors account for majority of the total employment in non-farm establishments.

The maximum number of industrial plots have been taken by investors from the Uttar Pradesh State Industrial Development Authority (UPSIDA), in western UP. According to the government spokesman, several new industries are now being set up in ten districts of west UP, namely Noida, Ghaziabad, Meerut, Hapur, Aligarh, Agra, Mathura, Firozabad, Bulandshahr and Saharanpur with permanent employment in these industries.

"April 2021 turned out to be worse than expectations. We had expected the labour participation rate to stabilise at its March 2021 level. The LPR had dropped sharply in March already after a modest fall in February. But, the LPR fell for a third consecutive month in April," CMIE's CEO Mahesh Vyas said.

The employment index by online job search platform Monster saw a decline in job posting activity in April compared to March by 3 per cent. Overall job postings declined by 4 per cent (year-on-year) as of April and openings for entry-level roles declined by 5 per cent (month-on-month), according to latest data provided by the company.

Covid-19, which is India's second-biggest worry, after a major reduction last month in its intensity, has climbed up by 4 per cent in March 2021. The top five worries of urban Indians were unemployment or joblessness, Covid-19, financial and political corruption, while crime and violence and poverty and social inequality are tied at the fourth spot, and education.