While rising unemployment has become a weak link for the Modi government fighting for a comeback to power at the Centre, a government agency has come out with fresh evidence that employment is not only being created across sectors but is also rising at break-neck speed amidst a growing economy.
The fresh numbers comes at a time when a report citing the National Sample Survey Office’s (NSSO) revealed that unemployment in the country was at a 45-year-high of 6.1 per cent in 2017-18. The publication of this data has been withheld by the government.
The Central Statistical Organisation (CSO) under the Ministry of Statistics and Programme Implementation (MoSPI) on Thursday came out with its latest assessment of employment that shows in 18 month period between September 2017 and February 2019, over 2 crore jobs were created in the country.
The data, however, represents growth only in the formal sector where economists already believe that situation is better. It is also based on data of new subscribers joining the Employees Provident Fund Organisation (EPFO) that does not provide the overall picture on employment.
Source: Business Standard
