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

The Logical Indian

September 29th, 2016 / 6:09 PM

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.


Contributors

Edited by :

Share your thoughts..

Related Stories

Unemployment Rate CMIE

Unemployment Rate Rose To 6.9% In October, Worst In The Last Two Years: CMIE Report

Unemployment At An All Time High With 3.1 Crore Indians Without Job: Report

Ashok Gehlot

Ashok Gehlot Alleges Intelligence Bureau Snooped In Hotel Rooms Where He Met Hardik Patel, Jignesh Mevani

In Historic Move To Curb Child Labour, India Ratifies Two Core Conventions Of International Labour Organisation

Economy Growth Jobs

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

Rs. 26,962 Crore Collected As Labour Tax, How Much Was Actually Spent On Labour Welfare?

Latest on The Logical Indian

News

Meet The School Kids From Kerala Who Have Developed Smart Helmet That Can Prevent Drunk Riding

News

Kerala: State Govt Asks Bankers Not To Attach Property In Flood-Hit Areas

News

Depression Takes Another Life: Bengaluru Techie Commits Suicide After Jumping From Office’s 13th Floor

Get Inspired

Cantonment Board Of Ambala Brings To Life A British Era Defunct Lake

News

Over 41 Martyred & Many Injured In Deadliest Attack In 20 Years: All You Need To Know

News

Attaching Impurity To A Woman During Menstrual Period Is An Abrasion: Kerala Govt To SC

x

Stories that deserve attention, delivered to your inbox!

Handpicked, newsworthy stories which deserve the attention of a rational generation.