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Employment declines again in Nov, jobs revival halts
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SME Times News Bureau | 10 Dec, 2020
India's employment scenario, which witnessed a revival in the past few
month post a lockdown-induced setback, has again witnessed a dip in
November.
Data by the Centre for Monitoring Indian Economy (CMIE)
showed that November was the second consecutive month of contraction in
the number of people employed.
"In October, the count of the employed had fallen by 0.1 per cent. In November, the fall was larger at 0.9 per cent," CMIE said.
The decline in October was of 0.6 million. In November, this was much larger at 3.5 million.
The
data noted that the recovery in employment, from the steep fall during
the April lockdown was smart initially but it slowed down well before
the recovery was completed.
In fact, the recovery quickly and
progressively slowed down in July, August and September. Then, it
reversed in October and November.
"It appears that the recovery
phase is over and a decline is setting in again. We see this in the
employment data and this could be a reflection of the economy as a
whole," CMIE said.
The contraction can be witnessed because
unlike much of the official data that is available so far which is
almost entirely based on the organised sector, the employment data
collected by CMIE's Consumer Pyramids Household Survey covers the
organised and unorganised sectors since it is based on all kinds of
households, CMIE said.
Employment in November 2020 was at 393.6 million, 2.4 per cent lower than it was a year ago, in November 2019.
In
spite of the smart recovery, employment in each of the months since
March 2020 has remained significantly lower than the levels in the
corresponding months of 2019, as per CMIE. Employment has not reached
the year-ago levels by any measure, it added.
"Interestingly, the
number of persons who report themselves as unemployed and are also
actively looking for work has also been declining," it said.
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