BackSlowdown claims more than 100,000 jobs in Q2
Slowdown claims more than 100,000 jobs in Q2
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New Delhi: The continuing economic slowdown has claimed more than a lakh of jobs in the second quarter of this year after showing early signs of improvement, government data reveals. Export-oriented units took the hardest hit and regular employment fell while contract hiring grew.
Between April and June, about 1,31,000 people lost their jobs, according to a survey conducted by Labour Bureau, which falls under the labour ministry.
“Shortage of workers during the period is experienced every year as the migrant workers prefer to visit their place of origin resulting in their less availability
during this period," the release said.
Employment declined by 38,000 jobs in April, followed by 1,570,000 in May. The situation improved marginally in June, with a rise of 64,000 jobs in June.
About 5,000,00 jobs has been lost when the Bureau surveyed 2,581 units between October and December last year. A follow-up survey on 682 units in January 2009 showed a fall of another 100,000 jobs.
But employment grew by 280,000 between January and March when a survey was conducted on 3,192 units.
About 3,003 units were surveyed for the April-June survey across eight labour-intensive sectors, including textiles, gems and jewellery and leather.
Unemployment rose the sharpest in textiles at 1,52,000, followed by IT (48,000) and gems and jewelry (28,000).
While employment of contract worker grew by 40,000, regular employment fell to 1,71,000.
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