Job Synopsis

CMIE SYNOPSIS

  27 million youth in age group of 20-30 years lost jobs in India.

Centre for Monitoring Indian Economy on Tuesday said 27 million youth in the age group of 20-30 years lost their jobs in 2020 following a nationwide lockdown to prevent the spread of Covid-19.

 

Unemployment rate fell from 27.1%to 24% for the week ended May 10 while the labour participation rate rose from 36.2% to 37.6% as the government opens up industries in a staggered manner. Employment rate also rose from 26.4%to 28.6%.