The Second Wave of coronavirus pandemic and allied lockdown-like restrictions have impacted employment across the country. According to the Naukri JobSpeak Index, there was a 15 percent declines in hiring activity sequentially for April 2021.
According to the Naukri JobSpeak Index, there were 2,072 job postings in April compared to 2,436 job postings in March. "The disruption caused by the second wave of Covid-19 has impacted the hiring activity leading to a 15 pc sequential decline in April.
"However, the current impact on the job market is less severe than what we saw in April 2020, where the Naukri JobSpeak index declined by 51 pc month-on-month. This could be attributed to the lack of a strict nationwide lockdown being announced this time and the economy remaining open," Naukri.com Chief Business Officer Pawan Goyal said. The Naukri JobSpeak is a monthly Index that calculates and records hiring activity based on the job listings on Naukri.com website month on month.
Insurance (5 pc decline), pharma/biotech (-9 pc) and medical/healthcare (-10 pc) were among the less impacted sectors in April compared with March, it said. The IT-software sector with a decline of 12 pc, which remained shielded and drove robust hiring over the past few months, declined less than the national average sequentially. Other sectors such as FMCG (-15 pc) and telecom (-15 pc) declined in line with the overall hiring trend in April against March.
The retail sector, which grew in March, experienced a sharp decline of 33 pc in April due to restricted operating hours or closure owing to lockdowns in many parts of the country. Sectors such as hospitality and travel (-36 pc), banking/finance (-26 pc) and teaching/education (-24 pc) remained highly impacted in hiring activity in April against March, it stated.
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