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Rapidly increased employment in April this year

Kolkata, May 15 (Agency)

April 2022 saw the fastest expansion in the job market since the start of the pandemic. This was disclosed in the data of the Center for Monitoring Indian Economy (CMIE). According to this, 88 lakh people are associated with the country’s labor force in April. However, the available jobs are not sufficient as compared to the demand.

CMIE’s Managing Director and Chief Executive Officer (CEO) Mahesh Vyas said that India’s workforce grew by 88 lakh to 43.72 crore in April. This is the highest figure since the start of the pandemic. The country’s labor market stood at 42.84 crores at the end of March.

According to the data, the average monthly growth in the country’s labor force was 2 lakh in 2021-22. The report said that the figure of 8.8 million people joining the labor force can be achieved only if some of the unemployed people of working age are able to find some work again. The report said that the average growth of people of working age in a month cannot exceed two lakhs. This means that even those people who had no work yet returned to the job market in April. It had declined by 1.2 crore in the last three months before the labor force increased by 88 lakh in April.

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