Unemployment Rate Highest In 45 Years, Reveals Stalled Report | Read

Unemployment Rate Highest In 45 Years, Reveals Stalled Report | Read

Unemployment Rate Highest In 45 Years, Reveals Stalled Report | Read

To compare, the unemployment rate in the country had gone down to 2.2 per cent in 2011-12, according to NSSO data. When the data is ready we will release it. Data collection method is different now; we are using a computer assisted personal interviewee in the new survey.

India's unemployment rate rose to a 45-year high during 2017-2018, the Business Standard newspaper on Thursday quoted a government survey as showing, in the latest setback for Prime Minister Narendra Modi just months before a tightening election.

"Government did not release the data (on jobs) as it is still being processed".

The report said that joblessness stood at 7.8 percent in urban areas compared with 5.3 percent in the countryside. I don't blame our opponents for blaming us on the issue of jobs, after all no one has an accurate data on jobs. "The confusion is being created by those using a job report which has been leaked, and it has not been finalised", he added.

Kumar's clarification came hours after the opposition attacked the government over a National Sample Survey Office (NSSO) report that was leaked to some parts of the media.

The data is significant because this was the first comprehensive assessment of the employment situation conducted after Modi government's November 8, 2016 decision of demonetization, the report said.

The commission's back-series calculation showed that the Indian economy grew at a much faster pace under Manmohan Singh's UPA government compared to Modi's NDA, and that it registered double-digit growth in two years - 10.23 per cent in 2007-08 and 10.78 per cent in 2010-11.

Modi's ambitious Make-in-India project to lift the share of domestic manufacturing from 17 percent of GDP to about 25 percent and create jobs for an estimated 1.2 million youth entering the marker failed to take off. The report also says youth unemployment is at "astronomically high" levels of 13 to 27 per cent.

Worse, the labour force participation rate - the proportion of population working or seeking jobs - declined to 36.9 percent in 2017/18 from 39.5 percent in 2011/12, the report said.

"We have a evidence to show that jobs have been created".

But P.C. Mohanan, who on Monday resigned as the head of the government-funded National Statistical Commission, said the standalone report for the last fiscal year should have been published.

Niti Aayog CEO Amitabh Kant recounted the major problems facing our economy. "Instead, the government kept citing job numbers based on EPFO's payroll data and the Mudra loans, which are not helpful", he said.

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