Unemployment Rose To A Five-Year High Of 5% In 2015-16, Finds Out Survey By Labour Bureau

The Logical Indian

September 29th, 2016

unemployment rate highest in india

Source: The Hindu | Image Courtesy: yimg

Unemployment rate highest in india
In a latest annual household survey conducted by Labour Bureau, it is found that the country’s unemployment rate has risen up to a five-year high of five percent in 2015-16. Joblessness is gripping the Indian economy with each passing year.

The Labour Bureau had earlier measured unemployment stood at 4.9 percent in 2013-14, 4.7 percent in 2012-13 and 3.8 per cent in 2011-12.

Among the entire five per cent in 2015-16, female job seekers are the worst hit as unemployment has sharply climbed to 8.7 percent , compared to 7.7 percent in 2013-14, according to the data from the Fifth Annual Employment-Unemployment Survey showed.

The unemployment rate in rural areas rose to 5.1 percent in 2015-16 from 4.7 percent in 2013-14, it declined to 4.9 per cent from 5.5 per cent in urban areas during the same period.


Signs of lower working ratio
47.8 percent of the people surveyed were reported to be employed in  2015-16, while it was 49.9 percent two years earlier when Labour Bureau conducted its previous survey.

“In the manufacturing sector, growth has come predominantly from improvement in efficiency and not too much due to a rise in output, so the growth in employment is much slower,” said Proban Sen, former chairman, National Statistical Commission, reported by The Hindu.


Employment patterns are changing

Corporate companies are looking for productive workers so there is a reduction in absorption of labour. On the contrary, the construction sector, one of the most labour-intensive sector, is not growing because of slow growth in job creation.

Unemployment has increased despite more people availing employment schemes by the government. For instance, the benefits of Mahatma Gandhi National Rural Employment Guarantee Act scheme were availed by 21.9 per cent households compared to 24.1 per cent households in 2013-14.

The survey also showed a rise in contractual employment and declining rate of self-employed and salaried workers.

Share your thoughts..

Related Stories

Job Crisis Deepens; 75,000 Telecom Sector Employees Lose Jobs In Past One Year

15 Lakh Jobs Lost In First 4 Months Of 2017: The Govt Needs To Wake Up & Address Rising Unemployment

Tata Motors

India’s Job Crisis Gets Bigger: Tata Motors Lays Off 1,500 Managers

Economy Growth Jobs

While Economy Grows At 7%, Jobs Grow By Only 1%: Labour Bureau

International Day For Abolition Of Slavery: Slavery In Independent India

India Ranks Abysmal 97 In Global Hunger Index

Our Country Is Poor, Starving And Undernourished: India Ranks 97th In Global Hunger Index

Latest on The Logical Indian

News

3 Men Attacked By Mob For Refusing “Virginity Test” On Brides

News

Kerala: Deplorable Elephant Parade Again, Police Allegedly Keep Mum

My Story

MyStory : “I Just Taught Them A Subject, But They Taught Me Many Inspirational Lessons Through Their Life”

News

Kolkata: Scooter Rider Beaten To Death By Civic Police Volunteers For Not Wearing Helmet

News

With 11 Journalists Killed In 2017, India Goes Further Down On International Press Freedom Ranking

News

Not Just Sreejith, This Man From Kerala Has Also Been Protesting Over A Year For His Daughter’s Death