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This Labour Market Indicator Is Defying All Hope Of A Recovery - Vimarsana News

This Labour Market Indicator Is Defying All Hope Of A Recovery

Male or female, urban or rural —participation in labour markets in India, already low, has declined across categories. The labour force participation rate was at 40.22% in the period between May-August 2021, according to latest data by the Centre for Monitoring the Indian Economy. It has remained at about 40% since the start of the pandemic, compared to about 43% before it. This is the lowest the labour force participation rate has been since 2016, when data was first compiled

Rising unemployment adds to the Covid pain - The Hindu BusinessLine - Vimarsana News

Rising unemployment adds to the Covid pain - The Hindu BusinessLine

Rising unemployment adds to the Covid pain Surabhi Mumbai | Updated on × Unemployment rates are slowly moving back to the record highs of June 2020 when there was a national lockdown A fledgling recovery in the country’s labour market has been derailed, with surging Covid cases and localised lockdowns bringing economic activity to a halt. This time around, job losses and unemployment are being reported not only from urban centres but also from rural India, which has been affected more by the second wave than the first. Unemployment Data from the Centre for Monitoring Indian Economy (CMIE)...