The Centre for Monitoring Indian Economy has published unemployment figures for April 2021. As expected, with the second wave of Covid-19 hitting the economy, unemployment has risen by 73.5 lakh. From January 2021 to April 2021, the increase in unemployment is to the extent of 99 lakh. The unemployment rate is around 8 per cent and is supposed to be the highest in four months. The job losses have been spread across regular and casual workers as well as the self-employed. Similarly, the segments where unemployment has hit the hardest include informal sectors like household helps and office supply chains to more formal sectors like hospitality, retail, travel and tourism. It may be recalled that last year business units had disengaged a large number of workers. With this round of retrenchment, most manufacturing units are now supposed to be at the bare minimum level of employment. Any further cut would affect operations and revenues. In other words, further shrinkage of demand or anoth
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