Page 4 - Cmie

Covid-19 crisis: Unemployment rate remains high at 24.3% amid lockdown

The labour participation rate trend seems to tell a story of some interesting changes in the labour markets

India coronavirus dispatch: The chances of catching Covid-19 on a plane

From the role of a constitutional court, to why increasing indebtedness is not the wisest solution, and the chances of catching Covid-19 on a plane - read these and more in today's India dispatch

Covid-19 crisis: Here's how you can manage your finances after job loss

Those who have been handed the pink slip shouldn't make too many loan queries

Unemployment rate remains at 24%, but hard times ahead for labour

The small relaxations in the lockdown since April 20 have not had any positive impact on the unemployment rate, yet

Millions of young losing their jobs is long-term cost of lockdown

Over 27 million youngsters in their 20s lost their jobs in April. This has serious long-term repercussions. It is during this age that young India builds its career in the hope of a bright future

India has a jobs bloodbath as unemployment rate shoots up to 27.1%

When jobs evaporate in other sectors, people go back to farms which seem to have an infinite capacity to absorb labour; but that is mostly disguised unemployment

Slight ease in lockdown gives hope to the desperate, improves employment

The count of the unemployed who were actively looking for jobs during the week of April 26 was around 76 mn. In the earlier weeks, it was close to 100 mn

Fundraising via corporate bonds shrinks 1.1% in FY20 as firms favour ECBs

The dip was also due to low demand for investment, as capacity utilisation remained stagnant in the Indian economy

Lockdown 2.0: Unemployment rate touches 26% amid Covid-19 outbreak

The labour participation rate has similarly fallen further from 35.5 per cent to 35.4 per cent and, the employment rate has now fallen to 26.1 per cent compared to 27 per cent in the earlier week

Coronavirus is third shock to Indian economy in a little over 3 years

The impact of the shutdowns on the economy would show up later; but the shutdowns would help contain the spread of the virus

Feb unemployment rate hits 4-month high of 7.78% as slowdown persists: CMIE

In rural areas, the unemployment rate increased to 7.37% in February from 5.97% in the previous month

New projects surge in December quarter; up 37% at Rs 4.26 trillion

The rise in new projects is despite a fall in capacity utilisation

Unemployment cannot cause agitations

Today's joblessness is also followed by heightened nationalism

Households after a natural disaster

The CMIE's CPHS data breaks the preconception of devastation and impoverished households being pushed to spending less

Unemployment rate a poor indicator

India is reverting to the high unemployment rates that were seen during the first three quarters of 2016

Unemployment rate in India rose to a three-year high of 8.5% in Oct: CMIE

Unemployment was worse only in the pre-demonetisation period, according to the data, at 9.6% in August 2016.

India's Oct unemployment rate rises to 8.5%, highest in over 3 years: CMIE

India's infrastructure output fell 5.2% in September from a year earlier, the worst performance in years

Corporate India had an extraordinary 2018-19, but their real wage rate fell

In last 6 years, wages have grown at an average 10% a year within a narrow range of 9-12% per year. During this period, sales have grown at an average annual rate of 6% in wider range from -3% to +17%

Low-skill jobs dominate

May-August 2019 is also the second consecutive complete Consumer Pyramids Household Survey to have recorded a sequential increase in employment

Sep 2019 was arguably the best month for Indian labour markets in 3 years

The estimated number of people employed shot up to nearly 410 million in September 2019