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"From The Article We See":, Especially in Rural Areas
"From The Article We See":, Especially in Rural Areas
Female participation in the labour force shortened in the last nine years, especially in rural areas, according
to a government study on employment
“We know” Employment elasticity is a study which indicates the ability of an economy to generate
employment opportunities for its population as percent of its growth process
“For Example we see”: employment elasticity of 0.01 implies that with every 1% point
growth in GDP, employment increased by just one basis point
In Agriculture, manufacturing, construction and services sector, the employment elasticity is lower than
1%, indicating that employment generation is not very sensitive to growth. This study conducted by the
General Economics Division under the planning ministry
“So” The major objective of the study, was to gain vision of economic growth, employment generation,
productivity and investment
1. The services sector is the only sector that saw an increase in employment elasticity:
From 0.27 to 0.40 in fiscal 2009-10 to 2017-18
2. In agriculture it dropped to (-0.09) from 0.71 in within few years
3. In construction sector it dropped from 2.22 to 0.55 within 2009-10 to 2017-18
Both are becoming more capital intensive rather than labour intensive
“So the” “Overall employment elasticity declined because the decrease in employment elasticity in
agriculture and industry far outweighed the increase in employment elasticity in services.”
Despite of rising growth in industrial output, growth of labour demand in industry was weak
“we also notices that” In the recent years, industrial growth came more from
manufacturing and
construction sectors
“Which is from” domestic market-oriented, not from the labour intensive export-oriented sectors
According to Zahid, a big setback in the growth process has been the loss of female participation in
employment.
“The study suggested on” “Opportunities need to be opened up and the barriers to female labour
force participation need to be eliminated.”
“These things can involve a large number of women at workplace”, which will improve
employment elasticity and help the sectors overcome the financing and unskilled labour problems.
So Focusing on demand driven skill development system should be the priority for Bangladesh,”