CHANGING PATTERNS OF EMPLOYMENT: A STUDY OF INDIAN LABOUR MARKET

Economics

The latest employment reports from various agencies giving a sign of alarm of a job crunch in the economy. In recent times, jobs have dried up and the economy is not able to generate an adequate amount of employment opportunities in the economy. In the previous five years, the unemployment graph is rising and the existing workers are also not getting decent job conditions. Despite the high economic growth rate, the country is not experiencing the same growth in employment. The labour force participation rate (LFPR) has fallen in the last five years, especially after the step of demonetization and Goods and Service Tax (GST). The falling LFPR for women is also a reason for concern which is low in both rural and urban areas. This paper deals with the issue of unemployment in both rural and urban areas. The study examines the situation of rural-urban disparity in LFPR, Workforce participation rate (WPR) and also analyse the unemployment situation among the educated labour force in India. The data has been taken from various National Sample Survey Office (NSSO) reports on Employment and Unemployment and Labour survey reports of Labour Bureau. The paper uses tabulation technique to analyse the trend of employment along with multinomial logistic model to examine the determining the factors of unemployment of an individual. The study will enhance the understanding related to the current dynamics of unemployment and employment in India.

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