jobs unemployment

A recent survey by the Centre for Monitoring Indian Economy (CMIE) has indicated that urban unemployment has increased up to 12%. Reportedly, urban unemployment rate clocked 11.72% as of May 9 while, for the week ending April 25, it was 9.55%. CMIE cited state-wise lockdowns for this increase, which is highest in the past 10 months. Moreover, rural unemployment has also surged from 6.37% to 7.29% during the same period.

India’s number one container handling port Jawaharlal Nehru Port Trust (JNPT) is planning to invest Rs 4,000 crore in its Special Economic Zone to create around 72,600 direct jobs. Eyeing to generate around 1,50,000 total jobs, the JNPT SEZ is being built under the Shipping Ministry’s Sagarmala initiative. While the project will be wholly funded by the JNPT, the housing requirement created by SEZ development will be completed by JNPT and… read-more

Amid 'youth' and 'employment’ stirring Bihar polls, Election Commission data shows a stark decline in young voters. While the under-30 voters dropped by 12.4%, the first-time (18-19 year) voters' count fell to 11.17 lakh from 24.13 lakh in 2015. Citing COVID-19 spread as reason, EC sources said they could not undertake awareness and enrolment campaign aggressively. However, average 74,000 young-voters in each constituency still hold the… read-more

The opposition party Congress on September 9 claimed that the unemployment in the country has increased owing to poor management of the pandemic by the Centre. The party launched an online campaign, #SpeakUpForJobs, to raise voice against the government. Congress tweeted that lakhs of Indians were losing jobs every day and that BJP was a silent spectator. "The Nation will not stay silent, the Nation will #SpeakUpForJobs," read the tweet.

According to a report from the Centre for Monitoring Indian Economy (CMIE), five million people lost their jobs in July. The Covid-19 Pandemic has caused a major setback in the country's economy. CMIE stated that "17.7 million salaried jobs were lost in April 2020. An additional 0.1 million jobs were lost in May. Then, 3.9 million jobs were gained in June. But, 5 million jobs were lost in July".