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Rising unemployment adds to the Covid pain - The Hindu BusinessLine

Rising unemployment adds to the Covid pain Surabhi Mumbai | Updated on × Unemployment rates are slowly moving back to the record highs of June 2020 when there was a national lockdown A fledgling recovery in the country’s labour market has been derailed, with surging Covid cases and localised lockdowns bringing economic activity to a halt. This time around, job losses and unemployment are being reported not only from urban centres but also from rural India, which has been affected more by the second wave than the first. Unemployment Data from the Centre for Monitoring Indian Economy (CMIE) show that unemployment rates in the country are slowly moving back to the record highs of June 2020 when there was a national lockdown.

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