Job Creation in Organised Sector Dipped by 65% in April-June 2017 -Somesh Jha
New Delhi: The pace of job creation in the organised sector fell sharply during April-June 2017 to a three-quarter low due to significant job losses in manufacturing, latest official estimates show.
The number of new jobs created declined by around 65% to 64,000 in April-June 2017 from 185,000 in January-March 2017, according to the Labour Bureau’s quarterly report on employment. Job creation during April-June was even lower than the 77,000 reported in the same three months a year ago.
The Labour Bureau conducts an establishment-based job survey in eight sectors – manufacturing, construction, trade, transport, education, health, accommodation and restaurants and information technology. These constitute 81% of the total number of factories in the country employing at least ten workers.
Finance minister Arun Jaitley, quoting an independent study, had said in the Budget speech earlier this month that various measures taken by the government had led to seven million jobs being created in in 2017-18.
Job losses in manufacturing in April-June were 87,000. In the previous year, 102,000 new jobs were created in the organised sector. There were 3,000 job losses in the transport sector in April-June, compared to 3,000 jobs created in January-March.
The pace of employment generation slowed down in trade and information technology. While trade saw 7,000 new jobs being created in April-June, against 29,000 in the previous quarter, the number of new jobs in the IT and BPO sector stood at 2,000, as against 13,000 in the previous quarter.
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TheWire.in, 19 February, 2018, https://thewire.in/225446/job-creation-organised-sector-dipped-65-april-june-2017/