Unemployment rises to 14.5% in May, highest since last year s lockdown
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CMIE data shows that the consumer sentiment index dipped further by 1.5% for the fifth consecutive week with the cumulative index down by 9.1% since the last week of March. In April 2021, the index of consumer sentiment was nearly 49% lower than it was in 2019-20. In April 2020, it was nearly 57% lower than the 2019-20 average.
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The unemployment rate shot up to 14.5% in the week ended May 16, 2021, the highest in the last one year, compared to 8% in April, the Centre for Monitoring Indian Economy said. The unemployment rate had stood at over 23% in April and May 2020 during the nationwide lockdown.
Unemployment in May at the highest after the last lockdown, the willingness of families to shop is at the low level | मई में पिछले लॉकडाउन के बाद सबसे ज्यादा बेरोजगारी, इनकम लॉस के चलते परिवारों की खरीदारी करने की इच्छा भी घटी
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