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LATEST NEWS UPDATES | Employment contracts by 2.4% in November: CMIE -Chitranjan Kumar

Employment contracts by 2.4% in November: CMIE -Chitranjan Kumar

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published Published on Dec 10, 2020   modified Modified on Dec 15, 2020

-BusinessToday.in

On month-on-month basis, employment declined by 0.9 per cent or 3.5 million in November, as against 0.1 per cent or 0.6 million fall registered in October

Employment in India contracted for the second consecutive month in November, raising questions on the recent optimism around recovery in job markets in the aftermath of COVID-19 pandemic. In November, the count of the employed fell by 0.9 per cent or 3.5 million, as against 0.1 per cent drop in employment recorded in October, as per latest data released by the Centre for Monitoring Indian Economy (CMIE). The employment in November 2020 was 2.4 per cent lower than it was a year ago.  

As per private think-tank CMIE, employment has not reached pre-COVID levels by any measure as it has remained significantly lower in each of the months since March 2020 as compared to the levels in the corresponding months of 2019.

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BusinessToday.in, 10 December, 2020, https://www.businesstoday.in/sectors/jobs/employment-contracts-for-second-month-to-09-in-november-cmie/story/424549.html?utm_source=whatsapp&utm_medium=WEB&fbclid=IwAR37jlFpFI8Usi67Dcfy7YCoInYTpGoNqRkpPl9W92QR37PdBYQSi


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