ILO) and the Institute of Human Development (IHD), India’s youth continue to face high unemployment rates, with nearly 83% of the jobless population belonging to this demographic. The report underscores a concerning trend where the proportion of educated young people with at least secondary education among the total unemployed youth has nearly doubled from 35.2% in 2000 to 65.7% in 2022.
The NCS portal saw over 10 million jobs posted till March, with the number of job providers going up to 2.6 million. The portal has an extensive user base of over 40 million registered job seekers from every corner of the country and every section of society.
Also read: IT jobs FY24 review: Headcount crashes by 63,759 in TCS, Infosys, and Wipro; attrition down sequentially On a monthly basis, the portal hosted around one million active job vacancies, reflecting a diverse array of opportunities spanning sectors like finance and insurance, operation and support, construction, manufacturing, IT and communication, health, education and others, the first person said. Vacancies on NCS in finance, insurance, construction, manufacturing, transportation, storage and supply chain, have grown as much as 214% in FY24 compared to the last fiscal.
“It is a fact that unemployment has increased. However, data from the National Career Service (NCS) indicates a significant rise in job opportunities, mainly in the unorganized sector," the first person said, adding that the department is planning to collaborate with international job providers and premium sector employers to enhance opportunities for Indian jobseekers.
Read more on livemint.com