-Newsclick.in In April alone, over 12 crore jobs were estimated to have been lost, and unemployment is at over 27% in the beginning of May. After the loss of nearly 80 lakh jobs in March, most of them in the last week after the countrywide lockdown was suddenly announced by Prime Minister Narendra Modi on March 24, latest data collected by CMIE or Centre for Monitoring Indian Economy through their periodic sample...
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COVID-19: Every Fourth Person Jobless as Lockdown Continues -Subodh Varma
-Newsclick.in Over 14 crore persons have lost their jobs since the lockdown began a month ago. Over 26% of the workforce in India is without any job thus posing a dire threat to the social fabric and creating unbearable misery for millions. This is the estimate from the latest round (April 19) of weekly sample surveys carried out by Centre for Monitoring Indian Economy (CMIE). The data shows joblessness zooming up after...
More »India lost more jobs due to coronavirus lockdown than US did during Depression -Yogendra Yadav
-ThePrint.in New CMIE data shows mind-boggling rise in unemployment since India imposed a nationwide lockdown due to the coronavirus pandemic. Modi government must step in. While we wait to get a clearer picture of the health coronavirus curve in India, we already have the first estimate of the job-destruction caused by the nation-wide lockdown. The numbers are staggering, worse than anything the world has ever known. More jobs were lost in India...
More »Urban joblessness up 22%, experts fear gains against poverty to be wiped out -Seema Chishti
-The Indian Express An estimated 50 million people are believed to have lost their jobs in just two weeks of the lockdown. The CMIE data showing rise in unemployment in urban areas by more than 22 per cent between March 22 and April 5 confirms that the lockdown prompted by coronavirus will wipe out the tremendous gains made by India in being the only country apart from China to lift millions out...
More »Bleak prospects -Mahesh Vyas
-Business Standard/ Centre for Monitoring Indian Economy (CMIE) It is logical to believe that employment conditions in India have deteriorated quite substantially during 2019-20. Economic growth has slowed down and investments show no sign of picking up. Outlook for the economy in 2020-21, and therefore also for employment, is also getting increasingly difficult by the day. With capacity utilisation remaining very low at around 70 per cent, the prospects of an...
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