Home »Editorial »Daily News »As many as 42% graduates in India under 25 remained jobless post-Covid (LiveMint)Daily News View All NewsAs many as 42% graduates in India under 25 remained jobless post-Covid (LiveMint)21 September 2023As many as 42% of graduates under the age of 25 remained unemployed after the Covid-19 pandemic, while the pace of job creation decreased following the global economic slowdown, reports LiveMint, citing a report, ‘State of Working India 2023: Social Identities and Labour Market Outcomes’ by Bengaluru-based Azim Premji University. “The unemployment rate falls from over 40% for educated youth under 25 years of age to less than 5% for graduates who are 35 years and above," the report said. “Since the 1990s year-on-year non-farm GDP growth and non-farm employment growth are uncorrelated with each other suggesting that policies promoting faster growth need not promote faster job creation," the report said. “However, between 2004 and 2019, on average growth translated to decent employment. This was interrupted by the pandemic which caused larger growth in distress employment.”

Source: Mint September 21, 2023 12:19 UTC