Key Findings from the Economic Survey 2024 on Job Creation and Unemployment Trends

Monday, 22 July 2024, 08:41
The Economic Survey 2024 highlights a pressing need for **7.85 million non-farm jobs** to be created annually up to 2030. It notes that not all individuals in the working-age population will be actively seeking employment; some will pursue self-employment or take on employer roles. As a significant conclusion, the survey anticipates a **decline of over 7%** in the overall unemployment rate, emphasizing the dynamic shifts in the labor market and the evolving nature of work.
Hindustantimes
Key Findings from the Economic Survey 2024 on Job Creation and Unemployment Trends

Insights from the Economic Survey 2024

The Economic Survey has revealed critical trends regarding the future of job creation and unemployment.

Job Creation Needs

  • The survey indicates a need for 7.85 million non-farm jobs annually until 2030.
  • It suggests that a portion of the working-age population will not actively seek jobs.
  • Self-employment and entrepreneurship are likely to increase among these individuals.

Unemployment Trends

  1. There is an expectation of a decline in the unemployment rate by over 7%.
  2. This decline underscores the changing nature of job opportunities available in the market.

In conclusion, the Economic Survey 2024 sheds light on significant labor market dynamics, reflecting a growing need for job creation amidst a backdrop of changing employment patterns.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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