50 lakh jobs lost after demonetisation, youth worst hit
The report by Azim Premji University sugested that women were affected more than men. They have higher unemployment rates, as well as lower labour force participation rates.
NEW DELHI: Nearly 50 lakh people in India lost their jobs between 2016-2018, a report said highlighting that the "beginning of the decline" coincided with demonetisation, although "no direct causal relationship could be established" between the trends.
The report by Azim Premji University's titled State of Working India was based on the CMIE-CPDX data that highlighted India's unemployed were mostly the youth.
"In general, women are much worse affected than men. They have higher unemployment rates, as well as lower labour force participation rates," it added.
The report revealed that unemployment, in general, has risen steadily post 2011. Both the Periodic Labour Force Survey and the CMIE-CPDX report the overall unemployment rate to be around 6 per cent in 2018, double of what it was in the decade from 2000 to 2011."
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Tagged with: Azim Premji University Cmie Centre For Monitoring Indian Economy Demonetisation Demonetisation Job Creation Job Insecurity Job Cuts Note Ban Note Ban Unemployment Job Loss Job Losses Joblessness Jobs Labour Force Participation Rate Labour Force Participation Rate Unemployment Rate