the covid-19 crisis has let to an increase in the countries an employment rate to 27.11percent give reason
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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.
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