City
Epaper

1.89 crore salaried people lost jobs since April: CMIE

By IANS | Updated: August 18, 2020 17:20 IST

New Delhi, Aug 18 The number of salaried people losing their jobs amid the coronavirus pandemic has surged ...

Open in App

New Delhi, Aug 18 The number of salaried people losing their jobs amid the coronavirus pandemic has surged to 1.89 crore since April, with around 50 lakh jobs lost last month, according to data from the Centre for Monitoring Indian Economy (CMIE).

The loss of around 50 lakh jobs in July comes after around 39 lakh jobs were gained in June, as per the data. In April, 1.77 crore salaried jobs were lost, followed by 1 lakh job losses of salaried employees in May.

"While salaried jobs are not lost easily, once lost, they are also far more difficult to retrieve. Therefore, their ballooning numbers are a source of worry," the centre's CEO Mahesh Vyas said.

"Salaried jobs were nearly 19 million (190 lakh) short of their average in 2019-20. They were 22 per cent lower than their level in the last fiscal year," he added.

The latest CMIE data also showed that around 68 lakh daily wage earners lost their jobs during this period. However, around 1.49 crore people took to farming during this period.

Since the lockdown was announced, several companies across sectors have taken to job cuts, along with salary reductions and leave without pay.

Industry bodies and several economists have called for government support to industry to avoid mass job losses and for the companies to survive the onslaught of the pandemic.

( With inputs from IANS )

Tags: CmieMahesh vyas
Open in App

Related Stories

InternationalIndia sees slower pace of new investment projects

PoliticsTo counter criticism on joblessness, Goa CM sells mantra of 'skilling' to youth

PoliticsIndian economy on rise with growing employment, spike in manufacturing: PM Modi

NationalYouth unemployment in India is climbing sharply: Report

National12 leaks since 2019: Rajasthan turning into epicentre of paper leaks?

Business Realted Stories

BusinessGovt targets 100 GW of nuclear power capacity by 2047 to boost energy security

BusinessAdani Green surpasses $1 bn in EBITDA in FY25, RE capacity up 30 pc to 14.2 GW

BusinessPM Modi to address YUGM innovation conclave tomorrow

BusinessNippon Life India reports nearly 9 pc drop in net profit for Q4

BusinessIndustry veteran Pawan Kumar Goenka conferred with Padma Shri