4.17 crore people unemployed: CMIE report

unemployment

The Periodic Labour Force Survey (PLFS) carried out by the National Sample Survey Organisaton (NSSO) showed unemployment to be at a 45-year-high of 6.1 per cent. However, that report was not released, and this data came to the fore after it was leaked and reported by Business Standard.

According to another recent report of the Centre for Monitoring Indian Economy (CMIE), the situation of unemployment has worsened with an estimated 4.17 crore people unemployed.

The latest report shows that the unemployment rate which was 7.66 per cent in 2017 fell even more to 9.35 per cent as of April 2019.

As compared to the number of jobless persons since January-April 2017, there has been over 24 per cent increase in this number in the same period in 2019.

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The report also mentioned that 17 per cent of graduates were unemployed between the period January 2019 and April 2019. If this per cent is converted to numbers then some 1.1 crore graduates were unemployed during the above mentioned period.

On the other hand, illiterate persons have the lowest unemployment share of about 2%.

According to the survey, every fourth woman in the labour force is unemployed. The report mentioned that the rate of women’s unemployment stood at 25.7 per cent, whereas men’s unemployment rate stood at 6.8 per cent.

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