jobless scenario during pandemic a short Paragraph of 10-12 lines please
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Due to covid 19 many people were jobless. As everyone was working from home. Some people left the job due to pressure of work. That's why they were jobless. In this covid not even a single company was allowing people to come. The condition was very very difficult.
Answer:
The coronavirus (COVID-19) crisis has led to a spike in the country’s unemployment rate to 27.11% for the week ended May 3, up from the under 7% level before the start of the pandemic in mid-March, the Centre for Monitoring Indian Economy (CMIE) has said. The Mumbai-based think tank said the rate of unemployment was the highest in the urban areas, which constitute the most number of the red zones due to the coronavirus cases, at 29.22%, as against 26.69% for the rural areas.
Analysts have been warning about the spectre of unemployment ever since the country was put under a lockdown on March 25 by Prime Minister Narendra Modi to arrest the spread of the coronavirus infections.
Scenes of migrants fleeing urban centres including Delhi and Mumbai only confirmed the long-held concerns on their employment as the economic activity came to a grinding halt.The government has so far announced income and food support to the vulnerable people as part of a ₹1.70 lakh crore fiscal stimulus to the economic-, financial- and possibly humanitarian crisis, and is also mulling a second round of measures soon.
The U.S. has seen a huge spike in unemployment as over 26 million people have claimed for State support because of losing their jobs. Experts often rue the absence of a good gauge of jobs in India, which is predominantly an unorganised-sector led economy.
CMIE’s weekly series of data pointed to a steady increase in unemployment since the start of the COVID-19 pandemic in India, with the week to March 29 showing the sharpest spike to 23.81%.
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