Over 75 lakh people lose jobs in April as lockdowns sprout: CMIE chief

The second wave of COVID-19 and the resultant localised lockdowns have impacted over 75 lakh jobs, taking the unemployment rate to a four-month high of 8 per cent, the Centre for Monitoring Indian Economy (CMIE) said on Monday. The situation on the employment front is expected to continue to remain challenging going forward as well, CMIE's managing director and chief executive Mahesh Vyas said. “In the month of April, compared to March, we have lost 75 lakh jobs.
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