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LATEST NEWS UPDATES | ‘Lockdown takes toll on 18.9 mn salaried jobs, informal sector shows silver lining’

‘Lockdown takes toll on 18.9 mn salaried jobs, informal sector shows silver lining’

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published Published on Aug 19, 2020   modified Modified on Aug 19, 2020

-The Indian Express

The plight of salaried employees has worsened since the lockdown, with a loss of 17.7 million salaried jobs in April, additional 0.1 million jobs in May, followed by gain of 3.9 million jobs in June and then again loss of 5 million jobs in July, it said.

New Delhi: Salaried jobs suffered the biggest hit during the lockdown, with total loss estimated to be at 18.9 million during April-July, the Centre for Monitoring Indian Economy (CMIE) has said. The plight of salaried employees has worsened since the lockdown, with a loss of 17.7 million salaried jobs in April, additional 0.1 million jobs in May, followed by gain of 3.9 million jobs in June and then again loss of 5 million jobs in July, it said.

“While salaried jobs are not lost easily, once lost they are also far more difficult to retrieve. Therefore, their ballooning numbers are a source of worry. Salaried jobs were nearly 19 million short of their average in 2019-20. They were 22 per cent lower than their level in the last fiscal year,” it said.

Informal and non-salaried jobs, however, have shown improvement during the same period increasing to 325.6 million in July from 317.6 million last year, an increase of 2.5 per cent, it said.

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The Indian Express, 19 August, 2020, https://indianexpress.com/article/business/lockdown-takes-toll-on-18-9-mn-salaried-jobs-informal-sector-shows-silver-lining-6560451/?fbclid=IwAR2_K4WQvDXLkZNRVjAwCyF-bhKpQbuyUobQ6aMASxWQwUX5V8zRUaFNZnY


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