News: Job market growth untouched by economic headwinds

Talent Acquisition

Job market growth untouched by economic headwinds

According to the Economic Survey 2011-12, the job market has emerged unscathed from a slowdown in the economic growth rate and the country has maintained an upward trend in hiring activities continuously for about three years. As per the latest data, the country saw more than nine lakh jobs being added in the one-year period ended September 2011, wherein IT and BPO sectors accounted for a major chunk of the new jobs (about eight lakh).

According to the Economic Survey 2011-12, the job market has emerged unscathed from a slowdown in the economic growth rate and the country has maintained an upward trend in hiring activities continuously for about three years. As per the latest data, the country saw more than nine lakh jobs being added in the one-year period ended September 2011, wherein IT and BPO sectors accounted for a major chunk of the new jobs (about eight lakh).

The survey further noted overall employment in one-year period ending September 2011 increased by 9.11 lakh. The highest increase was recorded in IT/BPO (7.96 lakh) sector followed by 1.07 lakh in metals, 0.71 lakh in automobiles, 0.08 lakh in gems & jewellery and 0.07 lakh in leather industries during the period.

Source: The Economic Times

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Topics: Talent Acquisition, #Updates, #Jobs

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