The United States has lost 7.5 million jobs since the recession started. The current unemployment rate is around 9.5% and has been for over a year. 4 years ago the unemployment rate was only 4.5%.
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On January - 8 - 2011
Iceberg of Unemployment
In his “ Kotak Institutional Equities “ report,
“ 365 Mn : Can India live up to its demographic dividend ? “
( as reported in DNA / Oct.21,2010 ),
Akhilesh Titolia says :
23 / 25 million Indians will become eligible for work every year for the next 15 years
Out of these, 12 / 13 million will actively look for employment every year
There will be 365 million young Indians by 2025
So, what is India’s score-card for job creation ?
MaFoi Randstad Employment Trends Survey ( as reported in DNA / Dec.16,2010 ) reports that private organized sector in India created following no. of jobs :
In 2008 ………………………… 0.67 Million
In 2009 ………………………… 0.90 Million
In 2010 ………………………….1.13 Million
Will India’s Economy sink by hitting the tip of the Unemployment Iceberg ?
With regards
Hemen Parekh
http://www.CustomizeResume.com
Jobs for All = Peace on Earth
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