{"id":138187,"date":"2021-09-29T18:21:37","date_gmt":"2021-09-29T12:51:37","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=138187"},"modified":"2021-10-01T19:27:00","modified_gmt":"2021-10-01T13:57:00","slug":"a-jobs-problem-labour-data-in-india-is-lagged-and-patchy-but-supply-demand-mismatch-is-still-clear","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/a-jobs-problem-labour-data-in-india-is-lagged-and-patchy-but-supply-demand-mismatch-is-still-clear\/","title":{"rendered":"A jobs problem: Labour data in India is lagged and patchy. But supply-demand mismatch is still clear"},"content":{"rendered":"\n
What is the news?<\/strong><\/h5>\n

Recently, GOI unveiled a quarterly report on employment for April-June, which estimates the labour demand of nine handpicked non-farm sectors by surveying establishments with 10 people or more.<\/p>\n

What has been the job market trend in India?<\/strong><\/h5>\n

India\u2019s economy has been slowing down since 2017-18. Three successive years of dropping GDP growth rate, followed by a contraction last year. Given this context, the big question is what\u2019s happened in the job market?<\/p>\n

– <\/strong>As per the latest quarterly report for April-June<\/strong>, though job creation grew by 29% in seven years, but only a million jobs<\/strong> have been added annually over the last seven years.<\/p>\n

– <\/strong>The annual PLFS<\/strong> (July 2019-June 2020) shows that there is a shift in employment pattern<\/strong> since 2018 towards agriculture and informality.<\/p>\n

– <\/strong>The quarterly PLFS<\/strong> captures only urban trends and the last available one (October-December 2020) confirms the shift away from salaried jobs.<\/strong> The percentage of salaried jobs<\/strong> in October-December 2020 was 48.7%, lower<\/strong> than the 52.7% during the intense lockdown phase of April-June 2020. The unemployment rate<\/strong> of 10.3% in October-December 2020 was higher<\/strong> than the 7.9% of the corresponding period in 2019.<\/p>\n

What can be done?<\/strong><\/h5>\n

First,<\/strong><\/em> step is to start releasing data consistently and also reducing lags.<\/strong> As of now the urban PLFS is released with a lag of nine months and the combined one takes longer.<\/p>\n

Second,<\/strong><\/em> we need a far bigger industrial manufacturing sector.<\/p>\n

The GoI recognises the second solution. It should recognise the first one, too.<\/p>\n

Source<\/strong>: This post is based on the article \u201cA jobs problem: Labour data in India is lagged and patchy. But supply-demand mismatch is still clear<\/strong>\u201d published in TOI<\/strong> on 28th Sep 2021<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

What is the news? Recently, GOI unveiled a quarterly report on employment for April-June, which estimates the labour demand of nine handpicked non-farm sectors by surveying establishments with 10 people or more. What has been the job market trend in India? India\u2019s economy has been slowing down since 2017-18. Three successive years of dropping GDP… Continue reading A jobs problem: Labour data in India is lagged and patchy. But supply-demand mismatch is still clear<\/span><\/a><\/p>\n","protected":false},"author":10328,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,9],"tags":[312,8874,3138],"class_list":["post-138187","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-public","tag-employment","tag-plfs-survey","tag-unemployment","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704719694},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/138187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10328"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=138187"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/138187\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=138187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=138187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=138187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}