The world was already coping with the economic crisis. The same, now Corona has slowed down the economy of the whole world. Also, the forecast of job data indicates that due to Coronavirus, the economy will be hurt hard, unemployment will also increase rapidly. Due to the Coronavirus outbreak, the urban unemployment rate has increased to 30.9 percent and the total unemployment rate has increased to 23.4 percent. These figures are based on the weekly Trekker Survey of the Center for Monitoring Indian Economy. The latest data for the week ending April 5 has been released on Monday evening. The CMIE estimates that the unemployment rate has increased from 8.4 percent in the middle of March to 23 percent.

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In his statement, former Chief Statistician of the country Pranab Sen has said that according to a rough calculation, around five crore people have lost their jobs within two weeks of lockdown. He said, 'Now people have been sent to their homes, so the unemployment figure can go up and it can come out after some time.'

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According to data from the Center for Monitoring Indian Economy, or CMIE, the unemployment rate in urban areas was 8.21 percent on March 15, 2020. It came in at 8.66 per cent on 22 March 2020. Then after the announcement of the lockdown on 24 March, it gained tremendous momentum. On 29 March 2020 it reached 30.01 per cent and then according to the data of 5 April 2020, it came to 30.93 percent.

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