India Business News: Over 15 million jobs were lost during May, while the urban joblessness rate hit 18% in the week ending May 30, the highest in the past one year, data
Over 2 Crore Jobs Lost In April And May Due To Covid 2nd Wave, Says CMIE Informal sector jobs come back quickly, but formal sector and better quality job opportunities take up a year to return, according to Mahesh Vyas, CEO,Centre for Monitoring Indian Economy
Updated: June 02, 2021 1:50 pm IST
The unemployment rate had touched a record high of 23.5 per cent in May 2020 due to national lockdown
A total of 2.27 crore people lost their jobs throughout the country due to the second wave of Covid-19 infections, Mahesh Vyas, CEO, Centre for Monitoring Indian Economy said. Total number of jobs in the country is of the order of 40 crore. Of these 40 crore people who were employed, 22.7 crore lost their jobs in past 2 months, Mahesh Vyas, Head, Centre for Monitoring Indian Economy said.
A debilitating economy and severe economic distress, like the Great Depression, have often triggered unemployment insurance policies in several countries.
UPDATED: May 28, 2021 16:45 IST
A man cycles through the closed Lal Chowk market in Srinagar on May 25 (Abid Bhat)
It has been more than three weeks since the Jammu and Kashmir (J&K) government sacked Idrees Jan Mir ‘in the interest of the security of the state’ on April 30, ending his 13-year-long career with the state education department. A former teacher at a government girls’ high school in Kralpora village in northern Kashmir’s Kupwara, the 39-year-old was the first of six employees recently fired by the Union Territory government on the same grounds. Others include jailed J&K deputy superintendent of police Davinder Singh who was caught travelling with a top Hizbul Mujahideen militant and two operatives in Kashmir in January 2020 as well as a naib tehsildar and a college professor from south Kashmir and two teachers from Kupwara in north Kashmir.