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Showing posts with the label unemployment rate

India's unemployment rate is rising again - CMIE

 India's unemployment rate is rising again - CMIE During the Covid-19 Lock down in India, most of the workers in the country lost their jobs. This was especially the case in Informal employment. The lock down was extended in the following months as the number of Covid cases increased.  There was no major impact in the Food based industry due to unforeseen demand. The country's unemployment rate rose 23.52 Percent in the month of April 2020, which was seen as 8.75 Percent in March 2020. This was said to be unprecedented in the History. In April 2020, the unemployment rate was 24.95 Percent in Urban areas and 22.89 Percent in the Rural. Then in the month of May, unemployment rate was 21.73 Percent. It was seen as 10.18 Percent in the end of June 2020.  It is noteworthy that this rate, which then gradually declined and was in the range of 6-8 Percent during the period from July to November this year. Most of the Companies were reported that have more than 50 Percent employees comi

Unemployment Rate in India to 23.50 Percent in May 2020

Unemployment Rate in India to 23.50 Percent in May 2020 India's Unemployment Data has being released on behalf of the CMIE (Centre for Monitoring Indian Economy). The Nationwide lock down was imposed on 24th March, 2020 due to the impact of Covid-19. Many have lost their jobs because of this and it is being noted as a Recession Times. Especially, there is unaccounted numbers on Workers in the Unorganized Sector will greatly affect the economy of the country. The aforementioned monitoring centre will only take into account the number of workers in the Organized Sector. The Unemployment rate which was 8.75 Percent at the end of March 2020, reached it's peak level of 23.52 Percent in the month of April 2020 - A Complete Lock down was there. The Majority of small and marginal businesses are left without jobs, as migrants seek their home state for their livelihood. India's Unemployment rate is also rising by the end of May 2020. The Unemployment rate was reported at 23.48 Percen

Rising Unemployment rate in India - A bitter data - April 2020

Rising Unemployment rate in India - A bitter data - April 2020 The news of the Covid-19 impact has been talked about globally for the past two months. In the Developed and developing nations, there was a lock down was imposed for more than a month. The total number of cases were exceeded 40 Lakh till date. The Covid-19 death toll is said to be around 2.77 Lakh and more than 14 Lakh people were recovered. The Unemployment rate in the United States has been rising for the past five weeks due to a Lock down. This is the similar situation for India also. According to the recent data announced by CMIE, the unemployment rate stood at 23.52 Percent in the month of April 2020. It was 8.74 Percent at the end of March 2020. As per the weekly ended data, the Country's unemployment rate were about 27.11 Percent on 3rd May. The number of people who lost their jobs in urban areas is higher than the Rural. There is a statistics that 12 Crore People have been unable to continue their regular job,