Home / Knowledge / News / Textiles / Unemployment rate rise slightly for Jan-March

Unemployment rate rise slightly for Jan-March

17
Apr '08
According to the latest labour force statistics released April 17 by the Census and Statistics Department, the seasonally adjusted unemployment rate increased from 3.3% in December 2007 - February 2008 to 3.4% (provisional figure) in January - March 2008. The underemployment rate held stable at 1.9% in both periods (provisional figure for January - March 2008).

Comparing January - March 2008 with December 2007 - February 2008, increases in the unemployment rate (not seasonally adjusted) were mainly observed in the decoration and maintenance, communications and restaurants sectors. As to the underemployment rate, decreases were mainly seen in the wholesale and retail trades, offsetting the increases in the construction and communications sectors.

Total employment decreased by around 6 400, from 3 540 400 in December 2007 - February 2008 to 3 534 000 (provisional figure) in January - March 2008. Over the same period, the labour force increased by around 600, from 3 652 400 to 3 653 000 (provisional figure).

The number of unemployed persons (not seasonally adjusted) increased by around 6 900, from 112 000 in December 2007 - February 2008 to 118 900 (provisional figure) in January - March 2008. Over the same period, the number of underemployed persons also increased by around 1 600, from 68 800 to 70 400 (provisional figure).

Commentary:
Total employment decreased by around 6 000 in January - March 2008, possibly owing to slackened business activity after the Lunar New Year holidays. Coupled with the slight expansion in labour force, the number of unemployed persons (not seasonally adjusted) rose by almost 7 000, after falling for six consecutive periods. Meanwhile, the seasonally adjustment unemployment rate edged up to 3.4% in January - March 2008.


Interviews View All

Anvita Mehra, Confidential Couture

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Top executives, Textile industry

Top executives
Textile industry

The foremost issue is bridging the skill gap

Vidhyaa Shankar. S, A Ganapathi Chettiar

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Vikram Saria,

Vikram Saria

Shanghai-based Aura Designs Ltd is a leading manufacturer of textile and...

Marcel Moser,

Marcel Moser

Switzerland-based Benninger is a leading manufacturer of technologically...

Ravi Kant Prakash,

Ravi Kant Prakash

A crucial role in the process of fabric manufacturing is played by the...

Hemant Bheda, Arevo

Hemant Bheda
Arevo

Arevo, based in Silicon Valley in California, develops technology to...

Matthew Kolmes, Supreme Corporation

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


November 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search