News: Job creation slumps in March quarter

Strategic HR

Job creation slumps in March quarter

Indian manufacturing and export-oriented companies added the fewest jobs in a year during the quarter ended 31 March, according to data released on Monday, illustrating the depth of the downturn in Asia’s third largest economy at that point of time. Employers in India added 36,000 fewer jobs in the March quarter than in the preceding three months, according to the quarterly jobs data compiled by the labour bureau of the labour and employment ministry. This is the worst employment generation at least since the April-June quarter of 2013. In fact, the number of direct or regular workers declined by 60,000 in the March quarter, but employers added 24,000 temporary jobs.

Indian manufacturing and export-oriented companies added the fewest jobs in a year during the quarter ended 31 March, according to data released on Monday, illustrating the depth of the downturn in Asia’s third largest economy at that point of time. Employers in India added 36,000 fewer jobs in the March quarter than in the preceding three months, according to the quarterly jobs data compiled by the labour bureau of the labour and employment ministry. This is the worst employment generation at least since the April-June quarter of 2013. In fact, the number of direct or regular workers declined by 60,000 in the March quarter, but employers added 24,000 temporary jobs.

Read the LiveMint news report here.

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Topics: Strategic HR, #Current, #National

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