As per the Centre for Monitoring Indian Economy (CMIE), India's employment scenario, which witnessed a revival in the past few months post a lockdown-induced setback, has again witnessed a dip in November. Data by the CMIE showed that November was the second consecutive month of contraction in the number of people employed. "In October, the count of the employed had fallen by 0.1 percent. In November, the fall was larger at 0.9 percent," CMIE said.
The decline in October was of 0.6 million. In November, this was much larger at 3.5 million. The data noted that the recovery in employment, from the steep fall during the April lockdown was smart initially but it slowed down well before the recovery was completed. "It appears that the recovery phase is over and a decline is setting in again. We see this in the employment data and this could be a reflection of the economy as a whole," CMIE said.
The contraction can be witnessed because the employment data collected by CMIE covers the organized and unorganized sectors. Employment in November 2020 was at 393.6 million, 2.4 percent lower than it was a year ago, in November 2019. In spite of the smart recovery, employment in each of the months since March 2020 has remained significantly lower than the levels in the corresponding months of 2019, as per CMIE. Employment has not reached the year-ago levels by any measure, it added.
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