Unemployment due to coronavirus
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As per CMIE's data, the monthly unemployment rate in ... of the red zones due to the coronavirus cases, at 29.22%, as against 26.69% for the rural areas .
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27 million youth in age group of 20-30 years lost jobs in April: CMIE
CMIE on Tuesday said 27 million youth in the age group of 20-30 years lost their jobs in April.
By Yogima Seth Sharma, ET Bureau | Updated: May 13, 2020, 01.11 PM IST
Agencies
The decline in urban jobless rate was lowest with factories still struggling to recover to open up amid labour shortage.
Centre for Monitoring Indian Economy on Tuesday said 27 million youth in the age group of 20-30 years lost their jobs in April 2020 following a nationwide lockdown to prevent the spread of Covid-19.
According to the CMIE weekly report, the unemployment rate fell from 27.1%to 24% for the week ended May 10 while the labour participation rate rose from 36.2% to 37.6% as the government opens up industries in a staggered manner. Employment rate also rose from 26.4%to 28.6%.
