6.38 lakh jobs created in Oct-Dec quarter | business | Hindustan Times
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6.38 lakh jobs created in Oct-Dec quarter

In a clear indication of the revival of the economy, the Government has revealed that 6.38 lakh jobs were created in the October-December quarter last year.

business Updated: Feb 28, 2010 13:46 IST

In a clear indication of the revival of the economy, the Government has revealed that 6.38 lakh jobs were created in the October-December quarter last year.

During this period, employment increased in almost all sectors except the transport sector which saw a marginal decline, according to the Labour Bureau under the Labour and Employment Ministry.

It said 91 per cent of the jobs created were in export units, which bore the brunt of the economic crisis, thus signalling an imminent turnaround.

"Out of the total increase of 6.38 lakh jobs during the period, 5.80 lakh jobs were added in the export units. The IT/BPO units alone added 4.87 lakh jobs within the export units," a senior official in the Ministry said.

The bureau arrived at the figures after conducting an employment survey covering 2,953 units of eight selected sectors across 11 states and union territories.

The survey was the fifth in the series, the first one being conducted in the October-December quarter in 2008 immediately after the onset of the global meltdown to assess the impact of recession on the job market.

The previous survey conducted between July and September, 2009 showed a 4.97 lakh increase in job creation.