What should we expect from the FOMC outcome? Arnab Das answers

What should we expect from the FOMC outcome? Arnab Das answers

“They are not in a position to give forward guidance because we are in many ways such uncharted territory. We have a fairly low unemployment rate below what had been anybody’s estimate of the kind of the natural rate of unemployment and we have a big budget deficit because of various fiscal programmes including subsidies … Read more

Unemployment declines further to 6.8% in Q4 FY23: PLFS

Unemployment declines further to 6.8% in Q4 FY23: PLFS

A better than expected economic activity in the fourth quarter and a strong services sector-led growth contributed to urban unemployment declining further to 6.8% from 7.2% in the previous quarter. The unemployment rate for both males and females aged 15 years and above declined to 6.8% in Q4FY23, way below 8.2% during a similar period … Read more

Unemployment rate in January-March quarter of 2020-21 cools to 9.3%

Unemployment rate in urban India in the January-March quarter of 2020-21 cooled down further to 9.3% and inched closer to the pre pandemic level of 9.1% in the corresponding quarter of 2019-20 after touching an all-time high of 20.8% in the first quarter of 2020-21. The unemployment rates had stood at 13.2% in the July-September … Read more

Unemployment rate touches 8.3% in August; 1.9 million jobs lost: CMIE

The unemployment rate in India bounced back in August and touched 8.3% compared to 7% in July with 1.9 million jobs lost in the country last month, mainly from the farm sector, the Center for Monitoring Indian Economy said. This has led to a dip in the employment rate from 37.5% in July to 37.2% … Read more

Unemployment rate stood at 4.8% in FY20: Rameswar Teli

The rate of unemployment in India for persons 15 years and above stood at 6%, 5.8% and 4.8% respectively for 2017-18, 2018-19 and 2019-20, minister of state for labour and employment Rameswar Teli said. “The government of India has taken a number of initiatives for promoting employment generation in the country,” the minister said in … Read more

Unemployment rises to 14.5% in May, highest since last year’s lockdown

The unemployment rate shot up to 14.5% in the week ended May 16, 2021, the highest in the last one year, compared to 8% in April, the Centre for Monitoring Indian Economy said. The unemployment rate had stood at over 23% in April and May 2020 during the nationwide lockdown. “April 2021 had seen an … Read more

Unemployment rate likely to be 8% compared to 6.5% in March in India: CMIE

The unemployment rate in India has shot up in the first two weeks of April and the monthly unemployment rate is likely to be close to 8% compared to 6.5% in March with lower absorption of labour in the market, says the Centre for Monitoring Indian Economy. As per CMIE data, unemployment rates in India … Read more

Unemployment rate in urban areas for Jan-Mar 2020 rose to 9.1%

New Delhi: Unemployment in urban areas rose to 9.1% in January-March 2020 from 7.9% in October-December 2019 from 8.4% in the previous quarter, data released by the Ministry of Statistics and Programme Implementation in the quarterly bulletin of the Periodic Labour Force Survey (PLFS) showed on Thursday. Urban unemployment was 9.3% in the March quarter … Read more

Highly educated people are much more likely to be unemployed in low-income countries: ILO

The unemployment rate is higher in low-income and lower middle income countries for youth with advanced educational levels, the International Labour Organisation has said. “Actually, in 82% of low-income countries and in 70% of lower-middle-income countries with data, the unemployment rate is higher for those with an advanced educational level than for those with only … Read more

Pace of economic recovery appears to be gathering momentum in August: Nomura

The economy sustained an increasing pace of recovery through August so far after a prolonged period of plateauing trends in July, according to a Nomura note on Monday. The Nomura India Business Resumption Index (NIBRI) inched up to 73.7 for the week ending August 16, over the previous week’s reading of 72.3. This came after … Read more