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