Employment contracts by 2.4% in November: CMIE -Chitranjan Kumar
-BusinessToday.in On month-on-month basis, employment declined by 0.9 per cent or 3.5 million in November, as against 0.1 per cent or 0.6 million fall registered in October Employment in India contracted for the second consecutive month in November, raising questions on the recent optimism around recovery in job markets in the aftermath of COVID-19 pandemic. In November, the count of the employed fell by 0.9 per cent or 3.5 million, as against 0.1 per cent drop in employment recorded in October, as per latest data released by the Centre for Monitoring Indian Economy (CMIE). The employment in November 2020 was 2.4 per cent lower than it was a year ago. As per private think-tank CMIE, employment has not reached pre-COVID levels by any measure as it has remained significantly lower in each of the months since March 2020 as compared to the levels in the corresponding months of 2019. Please click here to read more. |
BusinessToday.in, 10 December, 2020, https://www.businesstoday.in/sectors/jobs/employment-contracts-for-second-month-to-09-in-november-cmie/story/424549.html?utm_source=whatsapp&utm_medium=WEB&fbclid=IwAR37jlFpFI8Usi67Dcfy7YCoInYTpGoNqRkpPl9W92QR37PdBYQSi
Tagged with: Centre for Monitoring Indian Economy CMIE Employment Unemployment Job Creation Employment Generation
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