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Yes, Unemployment is now a national issue


Yes, Unemployment is now a national issue


Yes guys the employment stats are out and now I think frying pakoras is the only solution to the unemployment issue, Yes the Indian unemployment rate hit a 45-year-high in 2017/18.



Though the report was to be released in December, as reported by business standard is a center of controversy after two national statistical commission members, including the acting chairmen, resigned on Monday, alleging that the government had withheld its release despite the NSC’s approval.



The report is not yet made public yet.



1. Sourced from the NSSO (National sample survey office), by PLFS (periodic labour force survey) showed that the unemployment rate had hit a 45-year high, higher than the 1972-73 data. According to the survey by the NSSO the unemployment rate in the year 2012-13 was at 2.2%.



Over 11million jobs were lost last year, and demonetization being one of the issue the unemployment in both rural and urban ares.



2. The NSSO report also shows that the unemployment rate in the rural areas was (5.3 percent) and in urban was (7.8) assessed by the bossiness standards.



3. More people are withdrawing from workforce as the labour force participation rate is lower than in the previous year.



Speaking to NDTV PC Mohan (Acting chairman of NSSO) said, the one of the reasons he quit was the delay in the release of the national sample survey office’s periodic labour force survey report.



Also, speaking to NDTV, he said.



He and JV Meenakshi, the only non government members of the statistics body, felt sidelined and "not taken seriously"



After which the government said that the “timing and verification has to done”. It added. “ We have our process, and we have explained to the members.”


youtube video here

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