Job growth falls to 7-year low in 2015: Labour survey
Employment generation in eight key sectors, including gems & jewellery, handloom, leather and automobiles, was at seven-year low of 1,35,000 jobs in 2015, a survey by Labour Bureau showed.
New Delhi: Employment generation in eight key sectors, including gems & jewellery, handloom, leather and automobiles, was at seven-year low of 1,35,000 jobs in 2015, a survey by Labour Bureau showed.
Employment was increased by 4.21 lakh in 2014, 4.19 lakh in 2013, 3.21 lakh in 2012, 9.29 lakh in 2011, 8.7 lakh in 2010 and 12.8 lakh in 2009, as per the earlier surveys.
Moreover, the October-December quarter of 2015 saw job losses of 20,000 in eight key sectors compared to previous quarter. The July-September period had seen job addition of 1.34 lakh over the level of April-June.
Labour Bureau, a wing of Labour Ministry has been conducting quarterly employment surveys since January, 2009 to study the impact of global economic slowdown on employment in selected sectors -- Textiles including Apparels, Leather, Metals, Automobiles, Gems & Jewellery, Transport, IT/BPO and Handloom/Powerloom.
"Comparison of the results for the period December, 2015 over December, 2014 shows that the employment at overall level has increased by 135,000," said 28th Quarterly Report on Changes in Employment in Selected Sectors by Labour Bureau.
The survey found that gems & jewellery sector saw 19,000 job loss during 2015 followed by handloom/Powerloom at 11,000. The employment decreased by 8,000 each in leather and automobiles sectors while 4,000 jobs loss was recorded in transport sector.
In 2015, IT/BPOs sector led the race with 76,000 employment generation during the year. Other sectors contributing to the increase in employment during 2015 are textiles, including apparels (72,000) followed by Metals (37,000).