15 million lose work in May, urban jobless rate hits 18%
NEW DELHI: Over 15 million jobs were lost during May, while the urban joblessness rate hit 18% in the week ending May 30, the highest in the past one year, data from the Centre for Mon oring Indian Economy (CMIE) has shown. “Employment fell from 390.8 million in April 2021 to 375.5 million in May 2021. This translates into a loss of 15.3 million jobs, or a 3.9% fall in employment in the month,” Mahesh Vyas, MD and CEO of CMIE, wre on its website.
“May 2021 is also the fourth consecutive month of a fall in employment. The cumulative fall in employment since January 2021 is 25.3 million. Employment in January 2021 was 400.7 million. This has dropped to 375.5 million,” said Vyas.
He said April and May 2021 witnessed a particularly severe fall in employment. “They account for 22.7 million of the 25.3 million job losses in the past four months. This is the period of the severe second wave of Covid-19. During these two months, India witnessed lockdowns of varying degrees for different durations in different regions. It was a period of substantial disruption in economic activities which was bound to reflect in employment,” said Vyas.
He said the CMIE’s consumer pyramid household survey showed that the impact during these two months, particularly in May 2021 was severe on daily wage workers.
The rural unemployment rate in the week ending May 30 was 9.6%, lower than the 13.5% in the weekending May 23.
Please get rid of this PM and shambolic go nment otherwise be prepared to face consequences. Jaihind
Economy,jobs,health does not matter to BJP bhakts.,What they want is elimination of ixxlam,elimination of pakistan(feku the coward accepted defeat),selling nation to adanis and ambanis ,feku's pces-statues and planes.For feku bhakts,life is only about criticizing non bjp po iticians and praise feku.Their lives are limited in scope.
One of the person I know is losing job this year.I told him,'you are unhappy now but where were you when crores of diamond workers-textile wokers-laborers lost jobs due to GST-nebandi?Did you feel their pain?"
This is just a tip of an iceberg.The unemployment in India had started gaining momentum after November 2016 when Neban & demonetisation was announced by feku baba PM modiji.Since November 2016 till March 2020 around 4.0 crore people had lost their jobs
WoW what growth.... still bhakts will say new model of development
tight slap on the face of bhakths/ psuedo nationalists..
BJP bhakts have no jobs,no families,no income,no savings,no homes,no investments,no cars or bikes,no children.They never suffer from foolishness of feku's reckless decision making.
BJP bhakts are very much jobless. They want others to sail in the same boat.
Hope they don't become criminals
Look at the positive side. Crores of people are now living a yogic lifestyle - bare minimum to eat and no work related stress.
Now you know why crime has risen exponentially these days. Good article
If Coronavir s doesn't kill you then hunger and bankruptcy will. Its like standing between the de l and the Deep Sea
Another achievement of supreme commander Modi !
This go nment will soon destroy this nation.
This was bound to happen, Covid had forced a two months lockdown in most parts of the country. The sooner the vaccination happens, the better it would be for the entire nation.
Job will come again but not life so all should focus now vaccination. In india nobody will die due to food. Go nment is providing minimum food. All people are supporting poor. I will urge all next 60 days also maintain strict protocol of covid 19
With empty coffers Go nment is clueless and sophistry won't beget bread.
laugh it out brother
This is scary and feel for people who are affected.
I request indians to stop making fun of african nations and poor countries as we are on level with them. If you still keep boasting then you definitely need mental help
It seems ppl were expecting that all their miseries will get rid by our PM Modi once he wins the ion.