Finance & Economy | News & Insights

Urban employment increased up to 35% last week

Published: July 23, 2020
Author: munimji

Due to nationwide and periodic lockdown in most cities, employment had a great fall in the month of April. Now urban employment for the week ended July 19 shot up by 35.1%.

Even the marginal dip in overall employment rate in July after sharp pickup in June has reversed with the employment rate at 38.41% for the week ended July 19, almost at par with June 21 level of 38.42%, suggesting the equilibrium is setting in the labor market, the Centre for Monitoring Indian Economy has said.

Workers who are back into jobs include maids, cooks, drivers, cleaners and construction workers among others, it said. “In spite of these intermittent lockdowns many types of services have resumed with restrictions. The net result is that slowly employment is returning,” CMIE said in its weekly report.

CMIE weekly report on the labour market scenario in India shows labour participation picked up in the week ended July 19 and stood at 41.7% after sliding in the three weeks from the high of 42% in the third week of June. The unemployment rate, however, inched up to 7.9% for the week ended July 19 from 7.4% in the previous week.

Related Posts