Unemployment Rate at 45-Year High: 4 Key Takeaways From NSSO Data | The Quint
Summary
TLDRIndia faced its worst unemployment rate since 1972 between 2011-12 and 2017-18, with a high of 6.1% in 2017-18, as per the National Sample Survey. The crisis saw a threefold increase in joblessness among rural men and women, and urban unemployment rates also soared. The labor force participation rate declined, reflecting a shrinking workforce or job-seeking population. This report, controversially withheld by the government, critiques Modi's economic policy ahead of the 2019 elections, impacting the BJP's voter base significantly.
Takeaways
- 📊 India experienced its worst unemployment rate since 1972 between 2011-12 and 2017-18, with a threefold increase by 2017-18, reaching an unprecedented high of 6.1%.
- 🏢 The National Sample Survey data, based on fieldwork from July 2017 to June 2018, was controversial, leading to the resignation of National Statistics Commission members, including the acting chairman, over the government's delay in releasing the report.
- 🚶♂️ Unemployment among rural men aged 15 to 29 years more than tripled from 5% to 17.4% between 2011-12 and 2017-18.
- 🚶♀️ In rural areas, the unemployment rate for women surged from 4.8% in 2011-12 to 13.5% in 2017-18.
- 🏙️ Urban unemployment rates also saw a significant rise for men, from 8.1% to 18.7%, and for women, nearly doubling from 13.1% to 27.2% over the same period.
- 📉 The labor force participation rate, which accounts for the percentage of the population working or seeking jobs, declined from 39.5% in 2011-12 to 36.9% in 2017-18.
- 📉 The decline in labor force participation indicates a shrinking workforce or a growing number of discouraged job seekers.
- 🏆 The Modi government, which campaigned and won on job creation, faces a significant critique with these figures, especially as the first survey post-demonetization.
- 🗳️ 34% of young jobseekers voted for BJP in 2014, and this demographic is most impacted by unemployment, which could influence the upcoming 2019 general elections.
- 🤔 The report raises questions about the government's economic policy and its impact on job creation, particularly in the context of the upcoming elections.
- 📈 The data suggests an urgent need for policy intervention to address the unprecedented unemployment crisis in India.
Q & A
What was the worst rate of unemployment in India since 1972?
-The worst rate of unemployment in India since 1972 was recorded between 2011-12 and 2017-18, with an unprecedented high of 6.1% in 2017-18.
What was the controversy surrounding the National Sample Survey report?
-The controversy was that the National Statistics Commission members, including the acting chairman, resigned alleging that the government was withholding the release of the report.
How did the unemployment rate among rural men aged 15 to 29 years change from 2011-12 to 2017-18?
-The unemployment rate among rural men aged 15 to 29 years jumped from 5% to 17.4%, which is more than three times the rate in 2011-12.
What was the increase in unemployment rate for women in rural areas from 2011-12 to 2017-18?
-The unemployment rate for women in rural areas rose from 4.8% in 2011-12 to 13.5% in 2017-18.
How did urban male unemployment rates change during the same period?
-Urban male unemployment rates rose from 8.1% in 2011-12 to 18.7% in 2017-18.
What was the increase in urban female unemployment rates from 2011-12 to 2017-18?
-The urban female unemployment rate nearly doubled from 13.1% in 2011-12 to 27.2% in 2017-18.
What does the labor force participation rate indicate about the population's engagement with work or job seeking?
-The labor force participation rate declined from 39.5% in 2011-12 to 36.9% in 2017-18, indicating that a smaller percentage of the population is working or seeking jobs.
What does the unemployment crisis imply about the current state of the country according to the script?
-The unemployment crisis implies that there is an unprecedented situation of joblessness in the country, which is a significant critique of the Modi government's economic policy.
How did the Modi government perform in the 2014 elections in terms of job creation promises?
-The Modi government fought and won the 2014 elections on promises of job creation, with 34% of young jobseekers voting for BJP.
What impact might the unemployment crisis have on the upcoming 2019 general elections?
-The unemployment crisis is likely to have a significant impact on the 2019 general elections, especially for the constituency of young jobseekers who voted for BJP in 2014.
What was the context of the unemployment data being the first survey post demonetization?
-The unemployment data is significant as it is the first survey conducted post demonetization, which was a major economic policy implemented by the Modi government.
Outlines
📊 Unprecedented Unemployment Rate in India
India faced its highest unemployment rate since 1972 between 2011-12 and 2017-18, with a significant rise to 6.1% in 2017-18. This data, reported by the National Sample Survey, was collected from July 2017 to June 2018. The release of this report was controversial, leading to the resignation of two National Statistics Commission members. The report highlights several key points: from 2011-12 to 2017-18, rural male unemployment (ages 15-29) rose from 5% to 17.4%, rural female unemployment increased from 4.8% to 13.5%, urban male unemployment grew from 8.1% to 18.7%, and urban female unemployment nearly doubled from 13.1% to 27.2%. Additionally, the labor force participation rate declined from 39.5% to 36.9% during the same period. This indicates a severe unemployment crisis, significantly impacting the young voters who supported the BJP in 2014, posing a critical challenge for the Modi government ahead of the 2019 general elections.
Mindmap
Keywords
💡Unemployment Rate
💡National Sample Survey Office (NSSO)
💡Labor Force Participation Rate
💡Rural Unemployment
💡Urban Unemployment
💡Demonetization
💡Economic Policy
💡National Statistics Commission
💡2019 General Elections
💡Youth Unemployment
Highlights
India experienced its worst unemployment rate since 1972 between 2011-12 and 2017-18, with a threefold increase in unemployment by 2017.
The National Sample Survey reported an unprecedented high unemployment rate of 6.1% in 2017-18.
The survey, based on fieldwork from July 2017 to June 2018, became controversial, leading to the resignation of National Statistics Commission members.
The government allegedly withheld the release of the report, sparking questions about what it doesn't want the public to know.
Unemployment among rural men aged 15 to 29 years increased from 5% to 17.4% from 2011-12 to 2017-18.
In rural areas, the unemployment rate for women rose from 4.8% in 2011-12 to 13.5% in 2017-18.
Urban unemployment rates also saw a significant rise, with men's unemployment increasing from 8.1% to 18.7% and women's nearly doubling.
The labor force participation rate declined from 39.5% in 2011-12 to 36.9% in 2017-18, indicating fewer people are working or seeking jobs.
The unemployment crisis in India is unprecedented, with the first survey post-demonetization serving as a critique of Modi's economic policy.
The Modi government, which campaigned and won elections on job creation, faces a significant challenge as 34% of young jobseekers voted for BJP in 2014.
Unemployment is expected to have a substantial impact on the constituency that supported BJP, especially with the 2019 general elections approaching.
The report raises the question of whether the government's handling of unemployment will affect voter sentiment.
The survey's findings are a significant critique of the Modi government's economic policies and their impact on job creation.
The controversy surrounding the report's release highlights concerns about transparency and the government's commitment to sharing economic data.
The resignation of National Statistics Commission members indicates a potential conflict between the government and statistical bodies over data dissemination.
The report's findings underscore the urgency of addressing unemployment in India, particularly among the youth and in rural areas.
The survey results may influence political discussions and policy decisions leading up to the 2019 general elections.
The report provides a comprehensive view of the employment situation in India, highlighting the need for effective job creation strategies.
Transcripts
India's worst rate of unemployment since
1972 between 2011-12 and 2017-18
unemployment has risen by 3 times in
2017 18 unemployment was at an
unprecedented high of 6.1% these are the
figures from the National Sample Survey
offices periodically before survey
reported by the business standard the
survey is based on field work done
between July 2017 and June 2018 but even
before its release this was a
controversial report to of the National
Statistics Commission members including
the acting chairman resigned this week
alleging that the government with
healthy release of this report so what
is it that the government doesn't want
you to know what does the report say
here are four major takeaways number one
from 2011-12 to 2017 18 the rate of
joblessness among rural men between the
age of 15 to 29 years jumped from 5% to
17.4%
that's more than three times number two
in rural areas the unemployment rate for
women rose from 4.8% in two thousand
eleven and twelve to thirteen point five
percent in 2017 and eighty things out in
that better in urban areas as well
unemployment from men in cities has
risen from eight point one to eighteen
point seven percent from 2011-12 to 2017
eighty for women the rise in
unemployment is nearly double with
thirteen point one percent in two
thousand eleven and twelve to twenty
seven point two percent in 2017 and
eighty number four what about the
employed the labor force participation
rate which takes this into account has
declined from thirty nine point five
percent in two thousand eleven and
twelve to thirty six point nine percent
in 2017 eighty essentially this means
less percentage of the population than
before are working or seeking jobs so
what do these figures mean they show
that the unemployment crisis in the
country right now is unprecedented and
as the first survey to be held post D
monetization this is a significant
critique of the Modi's
economic policy the Modi government
fought and won elections on jobs in fact
34 percent of young jobseekers voted for
BJP in 2014 and this is a constituency
which will be most impacted by
unemployment especially ahead of the
2019 general elections the question is
will it matter to the water
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