India’s unemployment rate jumped to a two-year high to 6.9% in October, 2018, according to a report by the Centre for Monitoring Indian Economy, this portrays a worrying trend in the labour market. Around 397 million people were employed in October, 2018, down 2.4% compared to last year. The sudden surge can be because of labour returning back to the market to look for jobs after demonetization.
Recent Developments Atal Bimit Vyakti Kalyan Yojana
State of Working Report
Status of Unemployment in India As per the International Labour Organization’s (ILO) “World Employment and Social Outlook: Trends 2018 Report”, India’s unemployment rate for 2018 is expected to be 3.5%, more than the estimated 3.4%. In absolute terms, unemployment is estimated to have risen to 18.3 million in 2017 from 17.8 million projected earlier; for 2018, the ILO estimates unemployment to increase to 18.6 million from the 18 million estimated in its previous employment outlook Report. Report of ILO on Wage Inequality in India The International Labour Organization (ILO) published “India Wage Report: Wage policies for decent work and inclusive growth”. This report provides an overview of recent trends in wages, including wage gaps between different categories of workers, gender wage gaps, wages by sector and occupation, and trends in wage inequality.
Fixed-term Employment
New Method to Keep Track of Employment Generation (Payroll Calculation)
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Recent Trends of Employment in India