STOCK MARKET BSE NSE

Labour ministry puts on hold jobs data

The move is seen as contradictory, as initially, the ministry had planned to release separate surveys for the organized and unorganized sectors.

Published: 11th June 2018 05:18 AM  |   Last Updated: 11th June 2018 05:18 AM   |  A+A-

By Express News Service

NEW DELHI: The labour ministry has decided to put the eighth Quarterly Employment Survey (QES) on hold as officials have been deployed in the field to collect and collate data from the unorganized sector.
The QES gives details on the number of jobs created in eight sectors which account for around 80 per cent of India’s total organized workforce.

“Another reason for putting the QES report on hold is that it gives the government time to add the payroll data to it,” a ministry official said, and added that the payroll data had higher projections for the number of jobs created in the organized sector. The payroll data projects that 35 lakh jobs were added in the formal sector between September last year and March 2018. This is in stark contrast to the seventh QES report—for April to September 2107—which showed only 2 lakh jobs being created.

The move is seen as contradictory, as initially, the ministry had planned to release separate surveys for the organized and unorganized sectors. The latest QES report was due in May and was to give details about jobs for the October-December 2017 period. The payroll data is the first estimate based on data from the Employees’ Provident Fund Organisation, Employees State Insurance Corporation, and Pension Fund Regulatory and Development Authority.

More from Business.

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

IPL_2020
flipboard facebook twitter whatsapp