India’s unemployment rate remains high despite lifting of lockdown measures ...United Arab Emirates

The Centre for Monitoring Indian Economy (CMIE) has said the unemployment rate in the country was 24 percent for the week ending May 17, remaining unchanged from the previous week’s figure. According to its report, however, the labor participation rate rose to 38.8 percent as industries started opening up gradually after the nationwide coronavirus lockdown. “Halfway into the month of May, it appears that the unemployment rate is around the same level as it was in April, mostly higher by a whisker,” CMIE said, adding that the small relaxations in the lockdown since April 20 have not had any positive impact on the unemployment rate yet.

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India’s unemployment rate remains high despite lifting of lockdown measures ...United Arab Emirates

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