Unemployment Rate Highest In 45 Years, Centre Confirms Leaked 6.1% Figure

[timmy]

Unemployment Rate Highest In 45 Years, Centre Confirms Leaked 6.1% Figure

Business Standard, which first reported the figure in January, had said that it was based on an assessment carried out by the National Sample Survey Office between July 2017 and June 2018.

All India | Edited by Divyanshu Dutta Roy (with inputs from Reuters) | Updated: May 31, 2019 18:35 IST

 

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A report earlier said unemployment rate was the highest since 1972-73. (Representational)

 

NEW DELHI: 

The country's unemployment rate was at 6.1 per cent in 2017-18, the statistics ministry said on Friday, confirming the figure leaked to Business Standard newspaper in January, which said it was the highest since 1972-73. The data was released a day after Prime Minister Narendra Modi was sworn-in for his second term. The BJP won a huge majority in the general election that ended this month despite concerns over jobs and weak farm prices.

The government declined to provide comparable numbers for the jobless rate. "It's a new design, new metric... It would be unfair to compare it with the past," chief statistician Pravin Srivastava told reporters.

Business Standard, which first reported the figure in January, had said that it was based on an assessment carried out by the National Sample Survey Office between July 2017 and June 2018.

The unemployment rate was the highest since 1972-73, the newspaper reported without giving a figure for that fiscal year.

The statistics ministry also said that female labour participation rate in urban areas for the quarter ending December 2018 was 19.5 per cent, compared with 73.6 per cent for males.

The unemployment number comes as another set of data released on Friday showed that the economy grew at 5.8 per cent in the January-March period, its slowest pace in 17 quarters, and falling behind China's pace for the first time in nearly two years.

https://www.ndtv.com/india-news/india-unemployment-rate-at-6-1-in-2017-18-government-2046094?pfrom=home-livetv

 

[timmy]

Unemployment rate at 45-year high, confirms Labour Ministry data

PTI

NEW DELHI, MAY 31, 2019 18:35 IST

UPDATED: MAY 31, 2019 18:46 IST

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Job seekers fill up forms as others line up for registration during a job fair at Pune’s Chinchwad area on February 7, 2019.   | Photo Credit: REUTERS

 

The data released by Labour Ministry showed 7.8% of all employable urban youth being jobless, while the percentage for the rural was 5.3%

Confirming unemployment rate projected in a pre-election leaked report, the government on May 31 said joblessness in the country was 6.1% of total labour force during 2017-18, the highest in 45 years.

The data released by the Labour Ministry on a day when the Modi 2.0 Cabinet took charge, showed 7.8% of all employable urban youth being jobless, while the percentage for the rural was 5.3%

The joblessness among males on all India basis was 6.2%, while it was 5.7% in case of females.

https://www.thehindu.com/business/Economy/unemployment-rate-at-45-year-high-confirms-labour-ministry-data/article27379174.ece?homepage=true

[AndhraneedSCS]

sarigga calculate cheste minimum 15% untadi India lo 

[JANASENA]

7 minutes ago, AndhraneedSCS said:

sarigga calculate cheste minimum 15% untadi India lo 

antey remaining 85% employed ana daani ardham ? Don't know just asking

[JAPAN]

18 minutes ago, JANASENA said:

antey remaining 85% employed ana daani ardham ? Don't know just asking

comparatively since 1972-2014 its 6% more anukunta

[AndhraneedSCS]

1 hour ago, JANASENA said:

antey remaining 85% employed ana daani ardham ? Don't know just asking

remaining 85% not actively looking for a job. because they are retired, because they are going to schools or may be because they are employes, or they have a business, a farmer or they just dont like to work.

[Edhokati]

2 hours ago, timmy said:

Unemployment rate at 45-year high, confirms Labour Ministry data

PTI

NEW DELHI, MAY 31, 2019 18:35 IST

UPDATED: MAY 31, 2019 18:46 IST

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Job seekers fill up forms as others line up for registration during a job fair at Pune’s Chinchwad area on February 7, 2019.   | Photo Credit: REUTERS

 

The data released by Labour Ministry showed 7.8% of all employable urban youth being jobless, while the percentage for the rural was 5.3%

Confirming unemployment rate projected in a pre-election leaked report, the government on May 31 said joblessness in the country was 6.1% of total labour force during 2017-18, the highest in 45 years.

The data released by the Labour Ministry on a day when the Modi 2.0 Cabinet took charge, showed 7.8% of all employable urban youth being jobless, while the percentage for the rural was 5.3%

The joblessness among males on all India basis was 6.2%, while it was 5.7% in case of females.

https://www.thehindu.com/business/Economy/unemployment-rate-at-45-year-high-confirms-labour-ministry-data/article27379174.ece?homepage=true

just elections kosam suppress chesara!!

[jefferson1]

It’s all congress fault antunnaru bhakts 

Mira anti-India post ani kuda antaru 

[Edhokati]

Just now, jefferson1 said:

It’s all congress fault antunnaru bhakts 

Mira anti-India post ani kuda antaru 

😀

[bhaigan]

ache din ayega