India’s job market improves as virus ebbs

India’s unemployment rate has come down to under 10 per cent over the last two weeks from above 14 per cent in mid-May, new job data shows.

With economic activity limping back to normal after virus restrictions began to ease, India’s unemployment rate has come down to under ten per cent over the last two weeks from above 14 per cent in mid-May, new job data show. As the pandemic’s second catastrophic wave battered the country, unemployment shot up to 14.45 per cent in the week ending May 16, 2021, and remained at an elevated level of 13.62 per cent in the week ending June 6. But the new data from the Centre for Monitoring Indian Economy show signs of improvement in the job market.