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According to statistics, the unemployment rate for recent college graduates has been higher than all college graduates in the past decade, implying that it has been more difficult for graduates to find a job in recent years. [3] [4] One year after graduation, the unemployment rate of 2007–2008 bachelor's degree recipients was 9%. [5]
The National Sample Survey Office (NSSO) has been the key governmental agency in India at the national and state levels to study employment, unemployment and unemployment rates through sample surveys. It does not report employment or unemployment results every quarter nor every year, but generally only once every 5 years.
Long-term unemployment is a component of structural unemployment, which results in long-term unemployment existing in every social group, industry, occupation, and all levels of education. [23] In 2015 the European Commission published recommendations on how to reduce long-term unemployment. [24] These advised governments to:
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According to CMIE, India has never tracked and published monthly, quarterly or yearly employment and unemployment data for its people. This may have been a political convenience, states Mahesh Vyas, as "no measurements means there are no [political] arguments" about unemployment in India.
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The Guardian reported in 2011 that, since 2003, there has been a 15.6 percent decrease in people aged 16–18 in employment, but a 6.8 percent increase in those in education and training. [12] NEET figures tend to peak in the third quarter, when school and university courses are ending. [13] There is some stigma attached to the term NEET. [14]
It has been associated with OECD wage stagnation. [3] Underemployment is a problem particularly in developing countries, where the unemployment rate is often quite low, as most workers are doing subsistence work or occasional part-time jobs. In 2011, the global average of full-time workers per adult population was only 26%, compared to 30–52% ...