How to spot the scams in the job market
The job market is not yet at its best but there are signs that it is starting to improve.
In India, unemployment has been trending downwards for over a decade.
The percentage of the workforce in jobs that are considered to be in danger of drying up has also started to drop.
According to data released by the Indian Statistical Institute, unemployment in April 2016 stood at 5.1 per cent.
That was a slight improvement from a peak of 6.4 per cent recorded in April 2015.
However, this figure did not include people who had been looking for work.
On average, about half of those who were unemployed between March 2015 and April 2016 had found work in the last six months.
The data was released on Wednesday, after the Centre for Economic Research, an independent think tank, released a report saying India is experiencing the longest-ever economic contraction.
A jobless rate of 5.7 per cent in April was still less than the global average of 6 per cent, but was up from a low of 4.4 percent in October 2014.
The report, titled ‘The job market may be the worst in the world’, pointed to the fact that job seekers were not getting jobs in the sectors where they had been trained and were struggling to find them.
“We believe that the Indian job market will remain the worst and most vulnerable in the next decade as long as the country continues to suffer from the global economic crisis,” the report said.
Jobless rates have been falling in the country since 2013 and are now down to 5.4% in the national and state surveys.
The economic situation in India is expected to improve over the next few years.
In fact, economic activity is expected be up in the first quarter of 2020.
However there are several challenges ahead.
First, the economy will have to grow.
Secondly, the country has to overcome the fiscal deficit that has been accumulating since the start of the global financial crisis in 2008.
The third challenge is the rising cost of living.
The government has promised to ease the burden on the middle class, but the impact on the rich has yet to be seen.