Demand for blue-collar jobs surged in April, May 2021: Report

According to the latest CMIE report, the country lost as much as 25.3 million jobs since January -- 2.5 million in February, 0.1 million in March, 7.4 million in April and 15.3 million in May -- taking the unemployment rate to 11.9 per cent in May. 

New Delhi: Amid widespread reports of massive job losses due to the pandemic, blue-collar workforce management firm Betterplace Safety Solutions said demand for and onboarding of workers surged in April and May this year. According to the latest CMIE report, the country lost as much as 25.3 million jobs since January -- 2.5 million in February, 0.1 million in March, 7.4 million in April and 15.3 million in May -- taking the unemployment rate to 11.9 per cent in May. The 30-day moving average unemployment rate as of June 6 was 13 per cent and the labour participation rate that had fallen to 40 per cent has declined further to 39.7 per cent as of June 6. Last year, the job losses were reportedly at a whopping 75 million, as per the report.