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India’s jobless rate jumps to 8% amid COVID-19 second wave

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India’s jobless rate jumps to 8% amid COVID-19 second wave

timestampMay 14, 2021 authorAlShorts Web Desk

As severe CVID-19 wave hurts businesses across India, the nation’s unemployment rate rose to 8% in April from 6.5% in March. As per CMIE data, labour participation rate (LPR) fell to 39.98% in April, lowest since May 2020. While labour force shrank by 1.1 million in April, count of employed citizens fell by 7.35 million.

Latest News

India extends helping hand to African countries

UAE logs 65 new cases of COVID-19

Global COVID-19 caseload tops 262 million mark

Ousted Myanmar leader Aung San Kyi's verdict postponed

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