1.5 million people lost jobs in August as unemployment rises -Prashant K Nanda

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published Published on Sep 2, 2021   modified Modified on Sep 3, 2021

-Hindustan Times

According to the Centre for Monitoring Indian Economy, the number of the employed fell from 399.38 million in July to 397.78 million in August, with nearly 1.3 million job losses in rural India alone.

Over 1.5 million people from both the formal and informal sectors lost their jobs in August, reversing some of the gains made in July, as the unemployment rate rose in rural and urban India.

According to the Centre for Monitoring Indian Economy (CMIE), the number of the employed fell from 399.38 million in July to 397.78 million in August, with nearly 1.3 million job losses in rural India alone.

According to CMIE, the national unemployment rate rose from 6.95% in July to 8.32% last month.

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Hindustan Times, 2 September, 2021, https://www.hindustantimes.com/business/15-million-people-lost-jobs-in-august-as-unemployment-rises-101630521978886.html?fbclid=IwAR27Bengyk7BE-83JfDv7woPfO1HanaqlEaaS7aXBEfh0xvt4lQSoJDVleg


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