Employement

Dr Bharat Jhunjhunwala

Economic slowdown has taken a heavy toll on jobs in most Asian nations -- including India, Sri Lanka, Pakistan, Philippines and Indonesia -- with youth unemployment rising over 10% during 2013, International Labour Organisation said in a report.

While employment growth has remained below 3% in most parts in Asia Pacific region, unemployment rate was about 5%.


Raising questions over the government's slogan of inclusive growth, an official report has said the rate at which new jobs were added to India's labour force had declined between 1993 and 2005 despite an economic boom. The annual growth rate of employment declined to 1.85 percent from 2.03 percent between 1993 and 2005 despite higher aggregate growth, said the report released here by the National Commission for Enterprises in the Unorganised Sector.