What are the findings of latest CMIE report on jobs in India?

Labour market data from CMIE’s Consumer Pyramids Household Survey show a dramatic all-round improvement in September 2021. Jobs increased by 8.5 million during the month. The unemployment rate declined from 8.3 per cent in August to 6.9 per cent in September.

What is CMIE data?

CMIE, or Centre for Monitoring Indian Economy, is a leading business information company. CMIE produces economic and business databases and develops specialised analytical tools to deliver these to its customers for decision making and for research. It analyses the data to decipher trends in the economy.

What does CMIE mean?

CMIE, or Centre for Monitoring Indian Economy, is a leading business information company. It was established in 1976, primarily as an independent think tank.

What is the meaning of CMIE?

Centre for Monitoring Indian Economy
CMIE, or Centre for Monitoring Indian Economy, is a leading business information company. It was established in 1976, primarily as an independent think tank.

What is the latest employment rate published by CMIE?

The employment rate fell from 36.8 per cent in April 2021 to 35.3 per cent in May 2021. This translated into a loss of 15.3 million jobs….

How many people lost jobs in August?

The share of agriculture in total employment rose from 57.8 per cent in 2018-19 to 61.5 in 2019-20 in the rural sector. Mehrotra said a developing nation should aspire for a workforce shift from agriculture to manufacturing and services. “The reverse is happening in India.

How is unemployment calculated in India?

The Unemployment Rate for a month is calculated using the following formula: The monthly estimations for India are calculated as a ratio of the total estimated unemployed persons in India to the total estimated labour force for a month.

Is Cmie credible?

But how reliable is that data? A recent column by Jean Dreze and Anmol Somanchi asserted that CMIE’s Consumer Pyramid Household Survey was biased towards better-off households and the bias was rising over time. CMIE’s Mahesh Vyas defended the data saying that while there are limitations to the survey, there is no bias.