India created 8.8 million new employment opportunities in April, less than demand: Report

April 2022 saw the fastest expansion in the job market since the start of the pandemic.

April 2022 saw the fastest expansion in the job market since the start of the pandemic. According to data from the Center for Monitoring Indian Economy (CMIE), 8.8 million people are involved in the country’s labor force in April.

Epidemic (Covid-19 Pandemic) Employment in April 2022 since the start of (Employment) The market has seen the fastest expansion. According to data from the Center for Monitoring Indian Economy (CMIE), 8.8 million people are involved in the country’s labor force in April. However, the demand (Demand) Compared to the available jobs are not enough. CMIE Managing Director and Chief Executive Officer (CEO) Mahesh Vyas said that India’s workforce in April (Job opportunities) 88 lakh has increased to 43.72 crore. This is the highest figure since the start of the pandemic. By the end of March, the labor market of the country was 42.84 crores.

According to the data, the average monthly growth in the country’s labor force in 2021-22 was two lakhs. It has been said in the report that the figure of 88 lakh people joining the labor force can be achieved only when some people of working age who have been deprived of employment are able to get some work again.

There was a decline in employment during the last three months

The report further states that the average growth of people of working age in a month cannot exceed two lakhs. This means that even those people who had no work yet returned to the job market in April. It had declined by 1.2 crore during the last three months before the labor force increased by 88 lakh in April. Vyas said that the labor market keeps on changing according to the demand.

The growth in employment in April has mainly been in the industry and service sectors. While 55 lakh employment opportunities were created in the industry sector, 67 lakh jobs were added in the service sector. During this, employment in the agriculture sector decreased by 52 lakhs.

Apart from this, let us tell you that according to Monster Employment Index (MEI), a monthly analysis of online employment activities of Monster India, India has seen a growth of 15 per cent year-on-year in recruitment demand and four per cent month-on-month basis as a result of positive business sentiment. growth has been registered. The report said that with the outbreak of the Kovid-19 epidemic subsiding, the retail sector has registered a remarkable improvement with double digits.

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