India’s unemployment rate climbs to 27.1%, 121....

India’s unemployment rate climbs to 27.1%, 121.5mn out of work: CMIE One in 4 employed lost job across India in March-April

106°
Missing
Deal Lieutenant
179
3524
35

91.3 million including daily wagers and those working with small traders were out of jobs in April followed by 18.2 million employment loss of entrepreneurs, and 17.8 million among salaried class, CMIE data shows


A jobs crisis is staring the country in the face as several crucial sectors of the economy have been severely impacted by the coronavirus-triggered lockdown. It is threatening to push more people into 

poverty  both formal and engulfing informal sector workers

The latest monthly data from economic think-tank CMIE showed that India’s 

unemployment  rate shot up to 23.5% in April. Among large states, unemployment was highest in Tamil Nadu, Jharkhand, and Bihar at 49.8%, 47.1%, and 46.6% respectively. It was lowest in Punjab, Chhattisgarh, and Telangana at 2.9%, 3.4%, and 6.2%, the CMIE survey results showed.

The latest figures for the week up to May 3 showed the unemployment rate rising even further to 27.1%, the highest so far, according to the CMIE jobs survey.


“The estimated loss of employment between March and April 2020 is 114 million. Given that the total count of employed is around 400 million, the loss of 114 million implies that one in every four employed persons lost their jobs,” said Mahesh Vyas, managing director and CEO of CMIE. He said in his post on Tuesday that data up to May 3 indicated the rate could climb further.

Source-https://www.google.com/amp/s/www.livemint.com/v...=

Source-https://www.google.com/amp/s/m.timesofindia.com...

11 Comments  |  
10 Dimers
Missing
Entertainer
452
6773
83

Yeh to shuruaat hai, Ram Bhaiya… sad aage aage dekho… sad toungueout

Missing
Deal Newbie
50
20
0

Actually our PM forecasted this long back.
That’s why he suggested everyone to start pakode ka thela.

Missing
Shopping Friend
636
7535
119
mohitpunjabi wrote:

Actually our PM forecasted this long back.
That’s why he suggested everyone to start pakode ka thela.

abhi toh pakoda ka thela bhi band hai…

Missing
Deal Newbie
50
63
1

I’m on those 27.1% list.

Missing
Deal Lieutenant
60
3084
25

hum to somosa ke thela lene ka soch rhe he

Missing
Deal Newbie
50
20
0

Mein toh bas sharab ki dukaan ke bahar line mein khada rahunga aur wohi sharaab black mein bechunga. Abhi scheme sabko batana mat

Missing
Shopping Friend
636
7535
119
Imharsh wrote:

hum to somosa ke thela lene ka soch rhe he

sab band hai abhi – thela bhi aur mela bhi…

Missing
Deal Lieutenant
60
3084
25
Expand
desiman wrote:

sab band hai abhi – thela bhi aur mela bhi…

open hone ke baad

Missing
Deal Subedar
79
1964
33
mohitpunjabi wrote:

Actually our PM forecasted this long back.
That’s why he suggested everyone to start pakode ka thela.

They called me a madmanhttps://cdn0.desidime.com/attachments/photos/615946/original/IMG_20200410_002025.jpg?1588786673

Missing
Deal Cadet
53
619
7
mohitpunjabi wrote:

Actually our PM forecasted this long back.
That’s why he suggested everyone to start pakode ka thela.

visionary pm🙏

Missing
Deal Cadet
102
566
7


https://cdn0.desidime.com/attachments/photos/615974/original/IMG_20200505_220840.jpg?1588830327

Missing