In September, the number of people employed climbed by 8.5 million to 406.2 million, the highest level since March 2020.
According to CMIE’s consumer pyramids household survey, in September, there was a decline in the employment rate.
CMIE’s Sample Data
Employment In September 2021
The labour force participation rate increased from 40.5 per cent in August to 40.7 per cent in September, according to the study.
“The best part of the increase in employment in September 2021 is the increase in salaried jobs. These increased by 6.9 million from 77.1 million in August to 84.1 million in September. Of all the major occupation groups, salaried jobs saw the biggest increase. This big jump in September brings salaried jobs the closest to their average in 2019-20, which was 86.7 million,”
CMIE’s MD and CEO Mahesh Vyas wrote in a recent article.
Also, employment as an entrepreneur fell in September 2021.
“This fall could imply a combination of two factors. First, some salaried jobs that were lost earlier have been revived and some of the labour that migrated to the farms has come back to these salaried jobs. Second, economic activity is likely to have revived to absorb additional people in the form of daily wage labourers,”
CMIE’s MD and CEO Mahesh Vyas wrote in a recent article.
Employment In Service Sector
It seems that the service sector saw no increase in employment in September though it saw a huge increase earlier.
“India is now at the cusp of the festive season and expectations are that the coming months could boost employment in general and in retail trade in particular. Given the large size of the retail trade industry an increase in employment in this can be expected to have a significant impact on overall employment,” Vyas wrote
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