Unemployment rate declines sharply as India exits lockdown2 min read . Updated: 16 Jun 2020, 01:35 AM IST
- National unemployment rate sees sharp decline as offices, shops and self-employment avenues reopen after the Centre lifts nearly all lockdown curbs
- The improvement is because of a growth in casual work, and should not be interpreted as growth in formal sector, say analysts
NEW DELHI : India’s labour market showed surprising strength in the second week of June, restoring many jobs that were lost to the economic upheaval caused by the nationwide lockdown, and offering some substance to the hope that the worst may be over.
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