The unemployment rate in the week ending-August 9 rose to 8.67 per cent, which further shot up to 9.1 per cent in the week ending-August 16.
India’s employment condition has once again seen signs of a reversal to joblessness in August 2020 so far, after significantly improving in June and July. The unemployment rate that had swelled to over 23 per cent in the months of April and May, improved to 10.9 per cent in June and further to 7.4 per cent in July, however, the weekly unemployment data in August has shown it surging again. The unemployment rate in the week ending-August 9 rose to 8.67 per cent, which further shot up to 9.1 per cent in the week ending-August 16, according to the Centre for Monitoring Indian Economy (CMIE).
It was the first time after the week ending-June 14 when the unemployment rate crossed the 9 per cent mark. While the joblessness rate touched 9.6 per cent in urban India, it stood at 8.8 per cent in the rural areas.
A recent report by ILO and ADB suggested that 41 lakh youth in India may lose jobs due to the ongoing disruptions in business activities. It said that as containment measures have continued to be in force after three months in many countries, despite some relaxation, the short containment results are best viewed as a lower bound of job losses. In the 6-month scenario, job losses for youth may be as high as 61 lakh in India, the report further said. The highest impact is expected to be seen in the construction and farm sectors.
Meanwhile, the Garib Kalyan Rojgar Abhiyaan (GKRA) is taking action on mission mode to provide employment to migrant workers who have returned to their native villages of 6 states namely Bihar, Jharkhand, Madhya Pradesh, Odisha, Rajasthan and Uttar Pradesh, said a statement by the Ministry of Rural Development. The government today said that by the seventh week of the campaign, a total of about 21 crore man-days employment has been provided and Rs 16,768 crore has been spent so far.