Published: Fri, February 01, 2019
Money | By Arnold Ball

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

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

The NSSO report on job data has been at the centre of much controversy after two non-governmental members of the National Statistical Commission (NSC), PC Mohanan and JV Meenakshi, stepped down on Monday amid "disagreements" with the government over the functioning of the commission.

The numbers show that Modi's ambitious Make-in-India project, which aims to lift the share of domestic manufacturing from 17 percent of gross domestic product (GDP) to about 25 percent and create jobs for an estimated 1.2 million youth entering the market, has failed to take off.

Dismissing the report, Kumar told mediapersons, " The government did not release the data (on jobs) as it is still being processed.

The NITI Aayog on Thursday said that a yet-to-be-released report, which claims that the rate of unemployment is at a 45-year high in 2017-18, is not verified. With their departure the body is left with just Chief Statistician Pravin Srivastava and plan body NITI Aayog's Amitabh Kant. "The confusion is being created by those using a job report which has been leaked, and it has not been finalised", he added.

"To my mind, the problem is that there's a lack of good-quality jobs, and that's what we need to focus on".

The assessment by the National Sample Survey Office (NSSO) conducted between July 2017-June 2018, showed the unemployment rate stood at 6.1 per cent, the highest since 1972-73, the newspaper reported.

Bradley Cooper makes a surprise appearance at Lady Gaga's show
She is also the first artist to be nominated for best actress and best original song in the same year. Near the end of the duet Cooper reportedly sat next to Gaga and wrapped his arm around her waist.

The country has lost as many as 11 million jobs past year, according to the Centre for Monitoring Indian Economy, an independent think-tank.

"We have not released the report". The report also says youth unemployment is at "astronomically high" levels of 13 to 27 per cent.

This is the same stance the government adopted when GDP back-series data was released by a sub-committee of the National Statistical Commission (NSC) previous year.

Himanshu, an associate professor at New Delhi's Jawaharlal Nehru University who specialises in development economics, said that the jobs crisis was everywhere to see. "It is incorrect to compare the data with 2011-12". If the report is made public, and if it does show that unemployment peaked in the aftermath of the note ban, it will deflate the government's relentless attempt to give the drastic measure a positive spin.

The data is significant because this was the first comprehensive assessment of India's employment situation conducted after Modi's decision in November 2016 to implement demonetisation overnight.

Earlier this month, the Centre for Monitoring Indian Economy, a leading independent think-tank, said the country lost as many as 11 million jobs a year ago.

Like this: