Nearly a quarter of young urban jobseekers remained unemployed during the December quarter of 2018, signalling widespread distress in the job market, according to the latest quarterly employment survey. The figures mean bad news for the 1 million Indians, who enter the workforce every month. They also underscore a lack of vigour in the economy.
Unemployment among urban youth in the age group of 15-29 years, who are looking for jobs, has been consistently rising for three quarters and was at 23.7% in the December quarter, shows the Periodic Labour Force Survey (PLFS) data for 2017-18 and the December quarter released on Friday by the statistics ministry. This is despite the urban youth spending an average 11 years in formal education, compared with 9.3 years spent by their rural counterparts.