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Covid-19: Job losses likely to rise in May as 2nd wave batters economy Covid-19: Job losses likely to rise in May as 2nd wave batters economy The second wave of Covid-19 seems to have done more damage than predicted earlier expected. Smaller businesses including micro, small and medium enterprises are laying off more employees as demand and sales have plummeted due to localised lockdowns. advertisement UPDATED: May 17, 2021 12:39 IST Unemployment is likely to rise in May as strict lockdowns have been imposed in most parts of the country. (Photo: PTI/Representational image) Job losses are likely to witness a jump in May after rising sharply in April due to strict lockdowns imposed in most parts of the country to prevent the spread of Covid-19 cases during the second wave. ....
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