Employment rate hike according to the Centre for Monitoring Indian Economy (CMIE) report, about 2 crore people have returned to work in May after easing the lockdown imposed by the government. According to the Centre for Monitoring Indian Economy (CMIE) report, about 2 crore people have returned to work in May after easing the lockdown imposed by the government. The report says that India’s employment rate rose by 2 percent to 29 percent in May, up from 2.7 percent in April. According to CMIE estimates, nearly 12.20 crore people in the country have lost their jobs due to the lockdown which started on March 25. The big challenge to re-employ the remaining 5 times the people, cmie said that the return of 2 crore people to the job has increased the employment rate by 2 percent.
At the same time, the job-going figure of 12.20 crore people declined to 10.20 crore in May in April. That means, 2 crore people have been returned to their jobs, but it is a big challenge to re-employ the remaining 5 times. The labour participation rate increased in May, according to cmie, the labour participation rate (LPI) is rising week after week in May, up from 38.8 percent in the week ending May 17. This shows that a large number of technically abandoned labour markets are coming back in April. The LPI fell from 41.9 percent in March to 35.6 percent in April. In May, it came to the ground. The Consumer Pyramid Household Survey of The Returning Labour CMIE shows that the number of people wishing to work was not actively due to a reduction of 12.20 crore planned in April.
According to the report, they are potentially unemployed, but are not considered technically unemployed. Since these people are willing to work, if there is a slight improvement in the employment situation, they can easily join the labour force and seek employment. According to cmie interviewing on most phones, May’s weekly estimates show that workers have migrated, but discouraged workers are coming back in search of jobs. Which is good news. Weekly data also shows that people in labour markets have been able to find employment. Most people are interviewing on the phone because of the lockdown. subscribe chauhansameer.com for latest delhi news, delhi news, delhi news today.