The findings of the Employment and Unemployment Survey 2011-12 (68th round) reveal that over nine million persons found employment between 2009-10 and 2011-12. This was characterised by some sections of the media as a "rebound" from the stagnancy between 2004-05 and 2009-10. However, our analysis shows that the average growth in employment between 2004-05 and 2011-12 remains low at 2.5 million per year. The findings also reveal that a growing proportion of the workforce is moving to non-farm activities, and a falling proportion is engaged on a casual wage.