India’s Unemployment Rate Was 8.1% for August 8 Week
Unemployment in India has been rising for the last three weeks after a drop in July. From 5.98% for the week ended July 18, it rose to 7.14% for the week ended July 25, then to 7.44% for the week ended August 1 and finally to 8.1%. This was according to data from the Centre for Monitoring Indian Economy (CMIE).
The report said that India added 16 million jobs in July but they were all of low quality. The website says, “18.6 million additional people were employed as small traders and daily wage labourers. Most of these were engaged in agriculture where 11.2 million additional people were employed.”
Salaried jobs, which are mostly better-quality jobs, fell by 3.2 million in the same month.
CMIE’s Consumer Pyramids Household Survey (CPHS) has been recording data of reverse migration. It says that labour is migrating from factories to farm. The government’s Periodic Labour Force Survey (PLFS) reflects the same. The latest PLFS report shows an increase in employment in agriculture from 42.5%of the total employment in 2018-19 to 45.6% in 2019-20.
CMIE says, “Such a large shift of labour in favour of agriculture cannot be voluntary. It is a sign of distress in the labour market where non-agricultural sectors are unable to provide employment and labour is forced to shift to agriculture.”
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