Introduction
Employment is another indicator of the health of the economy. Employment is directly related with the national income because a higher employment will be followed by a higher output and thereby income. Not only that, a higher level of employment encourages advancement in education, skill formation, human resource development and a better physical quality of life. Hence, study of employment helps us to estimate the real status of the economy.
Objective
Reading this lesson, students will be in a position to understand employment potential of various sector of the economy, rise and fall of employment in different sector income generation, performance of different Plans on employment front etc.
Contents
* Growth rate of employment in different sectors
* Employment in organized and unorganized sector
Growth Rate Of Employment In Different Sectors
The growth rate of employment which was 2.04% per annum during the ten year’s period of 1983 to 1993-94, declined sharply to 0.98 percent during 1993-94 to 1999-2000. Therefore, it is told that the economic growth in this period was of jobless variety. Sector wise growth of employment has been explained in the table III.
Table III – Sectoral Growth of Employment 1983-2000
|Sector |Employed Workers (million) |Annual Growth Rate(%) |
| |1983 |1993-94 |1999-2000 |1983-84 |1994-2000 |
|Primary | | | | | |
|Secondary | | | | | |
|Tertiary | | | | | |
| |208.99 |245.16