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Coronavirus outbreak: Unemployment rate doubles in the March-May period of 2021

The unemployment rate in the country has more than doubled in the March-May period this year as the pandemic’s second wave flattened the country, data released by a private research group show. According to weekly unemployment figures released by the Centre for Monitoring Indian Economy (CMIE), a leading business information think tank, the rural populace has also born the brunt of the pandemic and the resultant restrictions this time. During the first wave last year, the urban workforce had been primarily affected. Also, women have been more adversely hit by the latest Covid surge. The CMIE data show that the unemployment rate in the week ending May 16 was 14.45 per cent of the total workforce, more than double the figure recorded on March 14 6.63 per cent. The situation is equally bleak in rural areas and urban areas.

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