National Affairs

Unemployment increasing: 5 million salaried people lost job in july, says CMIE

The loss of around 5 million jobs in July comes after around 3.9 million jobs were gained in June, says cmie. In April, 17.7 million salaried jobs were lost, followed by 100,000 job losses of salaried employees in May. It’s a matter of concerns that during this lockdown time unemployment figure increasing gradually. According to data from the Centre for Monitoring Indian Economy (CMIE) While salaried jobs are not lost easily, once lost they are also far more difficult to retrieve. 17.7 million salaried jobs were lost in April 2020, an additional 0.1 million jobs were lost in May says CMIE.Small traders, hawkers and daily wage labourers were the worst hit by the lockdown in April. AS the nation had started opening in a phased manner from June, the jobs came back. But the recovery was largely in informal jobs.

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