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LATEST NEWS UPDATES | 6 million white-collar workers lost their jobs during the lockdown -Prashant K Nanda

6 million white-collar workers lost their jobs during the lockdown -Prashant K Nanda

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published Published on Sep 18, 2020   modified Modified on Sep 18, 2020

-Livemint.com

* While 5.9 million white collar workers lost their jobs between May-August 2020, over the previous four months ended 30 April, this job loss number stood at 6.6 million when compared with May-August 2019

* Continued curbs and localized lockdowns have hit economic recovery and employment prospects

NEW DELHI: Almost six million white-collar workers, including engineers, physicians, teachers, accountants and analysts, lost their jobs between May and August, the Centre for Monitoring Indian Economy (CMIE) said.

Continued curbs and localized lockdowns have dampened economic recovery and employment prospects, despite the government beginning the process of unlocking the economy in June.

The number of white-collar jobs has been rising since 2016, according to CMIE. “An estimated 12.5 million white-collar professional employees were employed during the wave of January-April 2016," CMIE said, referring to the Consumer Pyramids Household Survey that it has been conducting for the last few years.

During May-August 2019, their employment peaked at 18.8 million. It remained almost stable at 18.7 million in the September-December 2019 period and then fell to 18.1 million during January-April 2020.

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Livemint.com, 18 September, 2020, https://www.livemint.com/news/india/almost-6-million-white-collar-workers-lost-jobs-between-may-august-2020-cmie-11600358442931.html


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