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
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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...=
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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…
I’m on those 27.1% list.
hum to somosa ke thela lene ka soch rhe he
sab band hai abhi – thela bhi aur mela bhi…
Mein toh bas sharab ki dukaan ke bahar line mein khada rahunga aur wohi sharaab black mein bechunga. Abhi scheme sabko batana mat
Yeh to shuruaat hai, Ram Bhaiya… aage aage dekho…