National survey for job data and forecast to begin

Starting this month, the Centre is kicking off an unprecedented employment survey to capture employment data across all sectors as well as generate future projections for the job market based on employers' outlooks. The decision to undertake an annual employment survey comes on the back of the global slowdown, which forced the Centre to order quick quarterly surveys to assess the extent of joblosses in the worst-hit industries.

While employment is a key economic indicator and moves markets across the world, India's official economic statistics, included in reports such as the Economic Survey, simply skip the job numbers. The only official report on employment comes out every five years, when the National Sample Survey Organisation (NSSO) releases data on employment and unemployment. The NSSO and Central Statistical Organisation also reveal employment trends in the Annual Survey of Industries, but this only includes formal manufacturing jobs and the findings are released after a few years'lag.

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