Higher job losses among young workers not good for economic recovery: CMIE As per the latest CMIE report, there were job losses in younger age groups, those below 40 years of age, while all age groups above 40 years have seen a small gain in employment Chitranjan Kumar | January 15, 2021 | Updated 19:56 IST Nearly 15 million less people were employed in December 2020, says CMIE At a time when most economists expect the economy to recover in the second half of the current fiscal year, private think-tank the Centre for Monitoring Indian Economy (CMIE) does not support such optimism, citing a reverse trend in employment statistics. The agency believes that higher job losses among young workers, which account for a major share of total employment, don't bode very well for a stronger recovery in the second half of 2020-21 or in the future.