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LATEST NEWS UPDATES | Jobless Numbers Are Touching 5 Crore -Subodh Varma

Jobless Numbers Are Touching 5 Crore -Subodh Varma

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published Published on Dec 18, 2022   modified Modified on Dec 18, 2022

-Newsclick.in

Labour force has still not recovered to pre-pandemic levels, according to CMIE.

Latest estimates put the number of unemployed in India at over 5 crore. This is just short of the heights reached during 2020, the first year of the pandemic, which saw recurring lockdowns and a shutdown of the economy. These estimates, made by the Centre for Monitoring Indian Economy (CMIE), are drawn from periodic sample surveys carried out by the consultancy. The jobless numbers include both, those who are actively looking for jobs and those who want to work but are not seeking it immediately due to lack of availability or just discouragement.

As shown in the chart below, drawn from CMIE data, India’s labour force in 2022 is still short of the pre-pandemic level. In 2019, the labour force was estimated at 44.2 crore. It reduced dramatically in the first year of the pandemic and has been recovering since. It was estimated at 43.7 crore in November 2022.

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Newsclick.in, 18 December, 2022, https://www.newsclick.in/Jobless-Numbers-Are-Touching-5-Crore


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