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Corona Impact: People lost the most jobs in April, unemployment rate increased by 7.97 percent

Millions of people lost their jobs last year due to the Corona epidemic. The situation was gradually becoming normalized that the economy was shaken again by the knock of the second wave of Corona. Lockdowns being imposed across the country to prevent the spread of infection have jeopardized the jobs of Dobra people. According to a report, people have lost the most jobs in the month of April. At the same time, the unemployment rate has also increased from 6.5 percent to 7.97 percent.

According to the report of the research firm Center for Monitoring Indian Economy (CMIE), more than 70 lakh people have lost jobs in the country during April 2021. Due to which the unemployment rate has also increased. CMIE Managing Director Mahesh Vyas says that due to the stalled business activities due to the lockdown people have lost their jobs. Given the current situation, the situation may become more serious in the coming days.

Trouble with lockdown and curfew

States have imposed full or partial lockdown and curfew to curb the growing cases of corona virus. Economic activities are being affected by this. Entrepreneurs are suffering due to non-opening of shops and factories regularly. Also, business has come to a standstill due to lack of demand and supply. In such a situation, the jobs of people are being snatched away. At present, there is no scope for improvement in this. Actually, most of the states are continuously advancing the time of lockdown.

The decline was also recorded last year

The unemployment rate had risen significantly since the lockdown from March last year due to the Corona epidemic. In the first one week, the rate of employment was down by 10 percent. Due to which the rate of employment on 29 March was 29 per cent, which had increased to 26.1 per cent during the week ending 19 April.

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