Non-farm Employment is Increasing: According to a quarterly survey issued by the Union Labor Ministry, total employment in nine industries increased by ten lakhs to 3.18 crore over the previous year during January-March 2022.
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Manufacturing, construction, commerce, transportation, education, health, hotel and restaurant, IT/BPO, and financial services are among the nine industries chosen. During January-March 2021, the total number of jobs in these nine sectors was 3.08 crore.
Jobs in Nine Non-farm Industries Increased by Ten Lakh in Q1
Union Minister for Labor and Employment Bhupender Yadav has issued the report on the Fourth Round (January-March, 2022) of the Quarterly Employment Survey (QES), which is part of the All India Quarterly Establishment-based Employment Survey (AQEES).
During a press conference, S P Mukherjee, head of the expert committee that developed this QES, claimed that total employment on January 1, 2021 will be 3.08 crore and 3.10 crore on January 1, 2022. Thus, employment in these nine industries grew by 10 lakh over that time period.
The increased employment figure also represents economic recovery when governments released restrictions enforced to prevent the spread of coronavirus infections in the aftermath of the second Covid wave, which occurred in April 2021 and had a massive impact.
According to the Labor Ministry report, expected employment climbed from 3.14 crore in the third quarter (October-December 2021) to 3.18 crore in the fourth quarter (January-March 2022).
The Labor Bureau has adopted the AQEES to produce quarterly estimates of employment and related variables of establishments in both organized and unorganized parts of nine selected sectors, which constitute for the bulk of overall employment in non-farm firms.
The AQEES consists of two parts: the ‘Quarterly Employment Survey (QES)’ and the ‘Area Frame Establishment Survey (AFES)’.
The former applies to businesses with 10 or more employees, while the latter applies to businesses with 9 or less employees.
The QES, which is part of the AQEES, was started in April 2021 to collect crucial data on employment and associated factors in the organized sector of the economy.
Each quarter, data is collected from around 12,000 establishments. The first such report, covering the period April-June 2021, was published in September 2021.