Labour, Jobs and Employment – Harmonization of labour laws, gender gap, unemployment, etc.

Pace of job growth slows to six-year low

  1. Context: The Labour Bureau report on changes in employment in selected sector
  2. News: New jobs in 8 labour-intensive industries fell to a six-year low in the first nine months of 2015
  3. Reason: Industrial growth has been low and employment takes place only when production is up
  4. A lot of rationalisation of staff is taking place in the corporate sector and the govt itself is not recruiting people
  5. Criticism: The data doesn’t give a comprehensive pciture of the job growth in the country as it doesn’t capture many sectors
  6. Challenge: The main idea of growth is to create jobs at all levels, which is not happening
  7. 8 crucial sectors: Textiles, leather, metal, automobiles, gems and jewellery, transport, IT and handloom
  1. Context: The Labour Bureau report on changes in employment in selected sector
  2. News: New jobs in 8 labour-intensive industries fell to a six-year low in the first nine months of 2015
  3. Reason: Industrial growth has been low and employment takes place only when production is up
  4. A lot of rationalisation of staff is taking place in the corporate sector and the govt itself is not recruiting people
  5. Criticism: The data doesn’t give a comprehensive pciture of the job growth in the country as it doesn’t capture many sectors
  6. Challenge: The main idea of growth is to create jobs at all levels, which is not happening
  7. 8 crucial sectors: Textiles, leather, metal, automobiles, gems and jewellery, transport, IT and handloom
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