The Labour Bureau of the Ministry of Labour has compiled data for job creation in labour intensive n...........

Economic Affairs Employment related Issues

The Labour Bureau of the Ministry of Labour has compiled data for job creation in labour-intensive non-agricultural sectors each quarter since the 2008 global financial crisis. Consider the following statements regarding this:

1. In 2015, lowest ever jobs are created in India.

2. There is upward movement in job creation in India since 2008.

3. High unemployment in India is between 20 to 29 years of age.

Which of the statements given above is/are correct:

1 only

2 only

3 only

2 and 3

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Explanation:

exp: The latest figures show that 1.35 lakh jobs were created in 2015, the lowest figure since 2008, lower than the 4.9 lakh new jobs in 2014 and 12.5 lakh in 2009. Similarly, for the first time in any nationwide sample survey, the Labour Bureau’s Annual Employment-Unemployment Survey Report in 2013-2014 showed that underemployment remains a major problem. Unemployment for 15- to 17-year-olds is 10.2 per cent and for 18- to 29-year-olds is 9.4 per cent in 2013, but 0.8 per cent for over- 30-year-olds.