Employment contracts by 2.8% in Oct-Dec quarter: CMIE
Employment in India contracted by 2.8 per cent, compared to a drop of 23.9 per cent and 2.6 per cent recorded in June and September quarters, respectively
Chitranjan Kumar | January 12, 2021 | Updated 22:00 IST
Employment in December 2020 was 4.2 per cent lower as compared to the same period last year
Employment in India contracted for the third straight quarter of the current fiscal, raising questions over the recent optimism around recovery in job markets on the back of economic revival. In October-December quarter, the count of the employed contracted by 2.8 per cent, compared to a drop of 23.9 per cent and 2.6 per cent recorded in June and September quarters, respectively, as per the private think-tank Centre for Monitoring Indian Economy (CMIE).