Share of workers with regular wages expands: Azim Premji University
Since 2019, the pace of regular wage job creation decreased due to the growth slowdown and the pandemic, the report by Azim Premji University says
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5.2 cr payrolls created in last 4 yrs; 47% first jobs
Share of women payroll around 27%; more people might be deciding to stick to their current jobs, says SBI Research’s Soumya Kanti Ghosh
Unemployment rate rises to 4-month high of 8.1% in April
Urban joblessness rate rises to 9.81% in April, while the rural unemployment rate eased to 7.34%
Unemployment rate jumps to 3-month high of 7.8% in March: CMIE
In urban areas, unemployment rate was 8.5% in March 2023, up from 7.9% in Feb 2023, while in rural areas, it stood at 7.4%, up from 7.2% in previous month
Can Budget 2023 fulfil job creation promise?
The recently launched National Green Hydrogen Mission, with an outlay of 19,700 crores is expected to create over 6 lakh jobs
Budget 2023: Is India ready to face global recession?
Distress signals: In FY23, average income and consumption may not breach FY20 level, fiscal spending is lower than FY21 and FY22 and trade deficit zooms to 6% of GDP by December 2022
Budget 2023: The Jobs Conundrum
Experts say with a high level of automation and digitisation, manufacturing may not remain an avenue for job creation and that focus is needed on services as well as self-employment.
Salaries in India expected to rise by 10.4% in 2023
India records the highest salary increases among large nations in 2022 so far, shows the Aon survey, with China at 6%, followed by Brazil at 5.6%.
Service activity shows upturn as PMI rises to 57.2 in Aug
Indian service providers welcomed stronger expansion in new work intakes, with a quicker upturn in business activity and the sharpest rise in employment for over 14 years, shows S&P Global India data
India’s unemployment rate in July at 6-month low
Better monsoon and an uptick in agricultural activity in rural areas are reasons for a sharp decline in joblessness in July, says CMIE
