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There has been an encouraging development😊 on employment front in the country.

As per a report📃 by the Centre for Monitoring Indian Economy (CMIE), about 2 crore workers in India got back into employment in the month of May.

It came after the govt. eased the nationwide lockdown🔒 to control the spread of Covid-19 pandemic.

The Details

With the resumption of the economic activities🏭, the country’s employment rate rose by 2% to reach 29% in May compared to 27% in April.

As a result, the loss of 12.2 crore jobs since the beginning of the lockdown narrowed down⤵️ to 10.2 crores in May.

It comes on the back of increasing↗️ labour participation rate (LPR) in May.

This figure crossed 38% for the week ending May 17.

It implied that a significant number of workers👨🏻‍🏭 who had technically left the labour market in April returned back in the following month.

Notably☝️, the LPR was nearly 42% in March.

How this survey was done?

Normally, the CMIE surveys are conducted by using a monthly sample size of 1.17 lakh individuals🙍🏻‍♂️ who are interviewed by visiting them in person.

However, since the start of the lockdown, the sample size has been reduced to 11,000-12,000 individuals and people are being interviewed only through phone calls📱.

Thanks

By admin

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