New job generation drops by 2 % in April-June: Assocham

joblessNew job generation in Mumbai declined by 28 per cent in the April-June quarter this year to over 13,100, while Chennai saw a decline of over 21 per cent to just over 8,000 new jobs in the quarter, the study said.

Mumbai, 2 Jul (PTI): New job generation declined by about 2 per cent to 1,25,500 jobs across the country in the April- June quarter this fiscal with Mumbai seeing a significant fall of 28 per cent in new employment opportunities, a study by industry body ASSOCHAM said today.

“Delhi-NCR region on the other hand remained numero uno in new job generation with maximum share of over 27 per cent in total jobs generated in the quarter compared to other cities,” the study on ‘Job Trends Across Cities & Sectors’ said.

New job generation in Mumbai declined by 28 per cent in the April-June quarter this year to over 13,100, while Chennai saw a decline of over 21 per cent to just over 8,000 new jobs in the quarter, the study said.

However, Delhi NCR and Kolkata witnessed growth of 16 per cent and 19 per cent in new job generation in the quarter.

A total of over 6,500 new jobs were generated in Kolkata during the quarter year as against about 5,500 jobs in the Q1 of the last financial year, it said.

“Even Mumbai’s share in total number of new jobs generated across India has plummeted from over 14 per cent a year ago to just over 10 per cent,” the study said.

IT, ITeS and hardware together garnered maximum sector-wise share of over 39 per cent in the total new jobs generated across across the country, ASSOCHAM national secretary general D S Rawat said.

He said that the BFSI sector accounted for the second highest share of about 14 per cent followed by academics at 11 per cent.

Bangalore saw a surge of about 7 per cent in new job generation among other Tier 1 cities while Pune has also seen a decline of over 17 per cent in the new job generation.

The IT and ITeS and hardware sector alone accounts for over half of the share in total number of about 8,500 jobs generated in the city in the Q1 of FY 2013-14.

“Overall, these numbers portray a dull job market owing to on-going global economic slowdown,” Rawat said.

Even as the hiring trend activity has put up a dismal show during the first quarter of the current financial year, the industry is hopeful that job market will pick up second quarter onwards, he added.

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