oppn parties Employment Prospects Remain Dismal

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  • The Indian envoy in Bangladesh was summoned by the country's government over the breach in the Bangladesh mission in Agartala
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  • Asian junior hockey: Defending champions India enter the finals by beating Malaysia 3-1, to play Pakistan for the title
  • Chess World title match: Ding Liren salvages a sraw in the 7th game which he almost lost
  • Experts speculate whether Ding Liren wants the world title match against D Gukesh to go into tie-break after he let off Gukesh easily in the 5th game
  • Tata Memorial Hospital and AIIMS have severely criticized former cricketer and Congress leader Navjot Singh Sidhu for claiming that his wife fought back cancer with home remedies like haldi, garlic and neem. The hospitals warned the public for not going for such unproven remedies and not delaying treatment as it could prove fatal
  • 3 persons died and scores of policemen wer injured when a survey of a mosque in Sambhal near Bareilly in UP turned violent
  • Bangladesh to review power pacts with Indian companies, including those of the Adani group
D Gukesh is the new chess world champion at 18, the first teen to wear the crown. Capitalizes on an error by Ding Liren to snatch the crown by winning the final game g
oppn parties
Employment Prospects Remain Dismal

By Our Editorial Team
First publised on 2022-04-29 07:15:11

About the Author

Sunil Garodia The India Commentary view

The ministry of labour released the third Quarterly Employment Survey (QES) for the quarter ending December 2021 and informed the nation that 4 lakh new jobs were created in the formal sector in the quarter, with the manufacturing sector being the largest employer. It also reported that there were 1.8 lakh vacancies in 9 main sectors during the period. This, according to the ministry, shows that there is a rising trend in employment in the organized sector.

But the overall picture for employment in the country is dismal. Trends show that the participation of people in the work force is declining and it mainly because many are opting out from the job market due to unavailability of jobs. Significantly, the number of women opting out is much higher than men. Further, people looking for jobs under MNREGA is still very high, once again proving that organized sector jobs are hard to find. The overall unemployment rate, despite a falling labour participation rate, remains high showing that those looking for jobs are not finding one. The overall employment prospects, even for educated youth, are declining.

The Indian economy is showing signs of improved growth. But the problem is that jobs are not growing at a pace at which new workers are entering the labour force, even at the lower rate of participation. This is mainly because new and large projects are not being started. The government has not started investing in infrastructure and that has failed to kick start the economy in the way it is needed. The shrinking job pie has led to demands for reservations or laws to reserve jobs for locals. This is a dangerous trend which can be reversed only when jobs grow at a good pace. 

Image courtesy: cropped from an image at thestreet.com

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