Covid-19 aftermath: In 2 months, 124 million jobs lost

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Published: June 11, 2020 4:30 AM

The economy lost 124 million jobs in March and April, primarily in the informal sectors comprising small traders and wage labourers.

job losses, job loss in covid 19, number of jobs loss in covid 19, layoffs in covid 19, coronavirus pandemic, informal sectors, indian economy, wage labourers, salaried employeesWith the lockdown curbs being eased, the economy is estimated to have added 21 million jobs in May (Representational image: IE)

The economy lost 124 million jobs in March and April, primarily in the informal sectors comprising small traders and wage labourers; employment was also lower in self-owned businesses and salaried employees, too, lost jobs.

With the lockdown curbs being eased, the economy is estimated to have added 21 million jobs in May, mainly in occupations that were hit the most: small traders & wage labourers and businesses. However, salaried employees continued to experience job losses.

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