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LATEST NEWS UPDATES | Jobs Carnage – 2.5 crore Jobs Lost Since January - Subodh Varma

Jobs Carnage – 2.5 crore Jobs Lost Since January - Subodh Varma

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published Published on Jun 6, 2021   modified Modified on Jun 8, 2021

-Newsclick.in

Construction, manufacturing, hospitality sectors most affected. Over 1.7 crore daily wage workers lose jobs.

Over 2.5 crore existing jobs have been lost between January and May 2021. The bulk of these losses – about 2.2 crore – have occurred in April and May, the period in which India was engulfed in a brutal second wave of COVID-19, leading to state-level lockdowns of varying degrees. These chilling figures emerge from the latest results of the periodic surveys carried out by the Centre for Monitoring Indian Economy (CMIE).

Job losses are not unexpected since lockdowns directly impact the earning opportunities of the bulk of population which subsists on daily earnings in the informal sector. However, the government’s complete neglect of this dimension of the pandemic has deepened the distress, just as it did last year.

As the chart below shows, the total number of employed persons was estimated (through CMIE’s sample survey) at about 40.1 crore (401 million) in January 2021. It dipped slightly to 39.8 crore in February and March. Then it plummeted in April, and especially May.

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Newsclick.in, 6 June, 2021, https://www.newsclick.in/jobs-carnage-25-crore-jobs-lost-january?fbclid=IwAR2D6S-HYY5FD_p9rk9v2NOOmJBeLqTb0LWcEHU0E7QEM6yE9vYS8M6KNec


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