India’s job loss rate falls sharply to 11.63%
Hindustan Times 16 June 2020 Prashant K. Nanda The national unemployment rate fell sharply to 11.63% in the week ended June 14 from 17.51% in the previous week, bringing the job loss rate closer to the levels prevailing before the lockdown, a survey by the Centre for Monitoring Indian Economy (CMIE) found. India’s labour market showed surprising strength in the second week of June, restoring many jobs that were lost to the economic upheaval caused by the nationwide lockdown, and offering some substance to the hope that the worst may be over. The national unemployment rate fell sharply to 11.63% in the week ended June 14 from 17.51% in the previous week, bringing the job loss rate closer to the levels prevailing before the lockdown, a survey by the Centre for Monitoring Indian Economy (CMIE) found. The improvement comes as offices, shops and self-employment avenues reopened after the government lifted nearly all lockdown curbs after more than two month...