Over 4 Crore Are Jobless Now, Much More Than Earlier -Subodh Varma
Unemployment is estimated at 9.35% in 2019 by CMIE, far worse than the PLFS/NSSO estimate of 6.1% for 2017-18.
Finally, the government has released the suppressed report on unemployment, now that elections are done and dusted with. Meanwhile, joblessness has worsened dramatically with an estimated 4.17 crore people unemployed, according to another recent report of the CMIE (Centre for Monitoring Indian Economy), based on a similar sample survey.
The government had directed the National Sample Survey Organisaton (NSSO) to carry out the Periodic Labour Force Survey (PLFS) to get estimates of employment and unemployment on an annual basis. The first such survey was done in 2017-18. That’s the report that said that joblessness was at a 45 year high of 6.1%. But the latest report of CMIE’s periodic surveys shows that the unemployment rate was much higher in 2017 (7.66%) and has steadily gone downhill since then, at a whopping 9.35% as of April 2019.
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