استمتع بـUnlimited مع Magzter GOLD

استمتع بـUnlimited مع Magzter GOLD

احصل على وصول غير محدود إلى أكثر من 9000 مجلة وصحيفة وقصة مميزة مقابل

$149.99
 
$74.99/سنة

يحاول ذهب - حر

Devil Is In The Details

November 19, 2017

|

Business Today

Current Surveys Provide a Broad Employment Scenario but Miss Out on Insights Required for Inclusive Policymaking.

Devil Is In The Details

For the longest time, we simply have not had a method for frequent collection of jobs data. The main source of data is the National Sample Survey (NSS), which is collected every five years. The NSS used to have an annual round, which represented the country as a whole but could not break the data down to states as the sample size was small (40,000). Regarding jobs, there is more interest in state-wise data than the national statistics. That is why the data was not used very much, and my mid- 2000 annual survey was stopped. Since then, we only have five-year jobs data.

Along with that, the Labour Bureau used to collect data essentially on wages. But after the global financial crisis in 2009, the bureau was told to start a survey on job losses. So, it selected nine industries (across labour intensive sectors) to measure job losses. As it started collecting jobs data, the Labour Bureau stopped collating wage data in 2009.

Then the bureau started an annual survey like the NSS survey sometimes in 2011 to measure job creation. The first couple of annual surveys were not good but then it was revised, and now the survey is good enough.

So, once the periodic labour force survey by the National Sample Survey Office (NSSO), which gives annual statistics of employment state-wise (urban and rural) and quarterly estimates for urban areas, stabilises, the Labour Bureau would stop its annual labour survey and go back to wage survey. Wage data is important because it reflects the bargaining power of the labour force, and in a way, indicates the employment situation.

المزيد من القصص من Business Today

Business Today India

Business Today India

BREAKING THE SILICON CEILING

INDIA'S FIRST COMMERCIAL FAB IS FINALLY TAKING SHAPE, BUT BUILDING A RESILIENT SEMICONDUCTORS BASE WILL TAKE FAR MORE THAN JUST CAPITAL

time to read

10 mins

September 28, 2025

Business Today India

Business Today India

WAITING FOR THE IPO WINDFALL

LIGHTSPEED HAS QUIETLY EVOLVED ALONG WITH INDIA'S START-UP STORY, ARMED WITH A $2.3 BILLION PLAYBOOK. NOW, IT AWAITS THE ULTIMATE PRIZE: A MARKET-DEFINING IPO

time to read

7 mins

September 28, 2025

Business Today India

Business Today India

RIGHT ON TARGET

TARGET MATURITY FUNDS ARE A GOOD OPTION FOR PREDICTABLE RETURNS BUT IT'S IMPORTANT TO LOOK AT THE INDEX COMPOSITION AND CREDIT RATINGS OF ENTITIES WHOSE SECURITIES ARE INCLUDED IN THE BENCHMARK

time to read

6 mins

September 28, 2025

Business Today India

Business Today India

TO A GOOD TIME

DISCOVER THE CRISP, CITRUSY OR BITTER WORLD OF BEER THROUGH HOMEGROWN BRANDS

time to read

3 mins

September 28, 2025

Business Today India

Business Today India

PASSING THE BATON

INDIA'S FAMILY BUSINESSES ARE REWRITING THE RULES OF SUCCESSION—ELEVATING PROFESSIONALS, BUILDING FAMILY OFFICES, AND SEPARATING LEGACY FROM MANAGEMENT

time to read

6 mins

September 28, 2025

Business Today India

Business Today India

A RARE SHIFT

AS THE SHORTAGE OF RARE-EARTH MAGNETS TURNS INTO A FULL-BLOWN CRISIS WITH CHINA'S IMPORT RESTRICTIONS, DOMESTIC PLAYERS ARE LOOKING BEYOND TO SUCCEED WITH THEIR EV PLANS

time to read

5 mins

September 28, 2025

Business Today India

Business Today India

Put energy where you can be the best

PARTHA BASU | MD, ASHIRVAD BY ALIAXIS

time to read

1 mins

September 28, 2025

Business Today India

Business Today India

Thematic Investing: Spotting Structural Themes Before They Become Mainstream

It's a truth well acknowledged in the markets, that extraordinary wealth is created when the investors spot a powerful theme before it captures the imagination of the crowd. To ride such a wave in its infancy, is to participate in returns—so outsized that they defy neat calculation.

time to read

2 mins

September 28, 2025

Business Today India

Business Today India

INDIA'S ETHANOL DILEMMA

INDIA ACHIEVED A 20% ETHANOL BLENDING IN PETROL THIS YEAR, FIVE YEARS AHEAD OF SCHEDULE. WHILE IT IS AN IMPORTANT STEP TOWARDS REDUCING CRUDE OIL IMPORTS, AUTO OWNERS ARE COMPLAINING ABOUT REDUCED MILEAGE AND DAMAGED ENGINES. DOES INDIA'S ETHANOL POLICY NEED A TWEAK?

time to read

7 mins

September 28, 2025

Business Today India

Business Today India

"GST cut is the manifesto of 1.4 billion Indians"

Finance Minister Nirmala Sitharaman on GST rate cuts, lessons from Covid-19, and more

time to read

7 mins

September 28, 2025

Translate

Share

-
+

Change font size