Generation of jobs in 8 key sectors hit six-year low in 2015

Employment had increased by over 1.34 lakh in July-September 2015, had declined by 43,000 in April-June and risen by 64,000 in January-March.

unemployment, rural unemployment ratio, urban unemployment ratio, Labour Force Participation, muslim unemployment rate, india news, latest news

Employment of contractual workers decreased by 11,000 in October-December 2015, as against an increase of 16,000 in the corresponding period a year ago.

New jobs in eight sectors of the economy — textiles, leather, metal, automobiles, gems and jewellery, transport, information technology and handloom — fell to a six-year low of 1,35,000 in 2015 as against 4.21 lakh jobs in 2014 and 4.19 lakh jobs in 2013. This is also the worst record of new jobs in October-December quarter in last six years, registering a decline of 20,000 compared with a rise of 1.17 lakh jobs in the same period in 2014, the latest Labour Bureau data shows.

Employment had increased by over 1.34 lakh in July-September 2015, had declined by 43,000 in April-June and risen by 64,000 in January-March.

In October-December, the highest decrease in employment was seen in the IT/BPO sector by 14,000, followed closely by 13,000 in automobiles sector, 12,000 in metals, and 8,000 in gems and jewellery sector. Textiles including apparels was the only sector which showed an increase in jobs, having registered 37,000 jobs in the October-December quarter.

[related-post]

Employment of contractual workers decreased by 11,000 in October-December 2015, as against an increase of 16,000 in the corresponding period a year ago. The highest decrease in contractual employment during the quarter was seen in metals sector by 17,000, while textiles sector showed an increase of 18,000.

Employment of direct workers also decreased by 9,000 in October-December 2015, sharply down from an increase of 1.01 lakh recorded a year ago, data released by Labour Bureau showed.

jobs

In 2015, contractual employment decreased by 32,000 as against an increase of 1.36 lakh jobs in 2014, while direct employment increased by 1.67 lakh, but was sharply down from 2.85 lakh jobs in 2014. Direct employment was hit the most in gems and jewellery sector in 2015, decreasing by 11,000, while the highest increase was seen in IT/BPO sector by addition of 74,000 jobs.

Employment in the exporting units increased by 44,000 in October-December 2015, while employment in non-exporting units decreased by 64,000. In 2015, employment in the exporting units increased by 1.22 lakh whereas in the non-exporting units, the same increased by 13,000.

Story continues below this ad

The Labour Bureau released the Quarterly Report on Changes in Employment in Selected Sectors, the 28th in the series which the Bureau had started in January 2009 to assess the changes in employment in eight sectors — textiles, leather, metal, automobiles, gems and jewellery, transport, information technology and handloom.

News playlist:

Aanchal Magazine

Aanchal Magazine is Senior Assistant Editor with The Indian Express and reports on the macro economy and fiscal policy, with a special focus on economic science, labour trends, taxation and revenue metrics. With over 13 years of newsroom experience, she has also reported in detail on macroeconomic data such as trends and policy actions related to inflation, GDP growth and fiscal arithmetic. Interested in the history of her homeland, Kashmir, she likes to read about its culture and tradition in her spare time, along with trying to map the journeys of displacement from there. ... Read More