The deadly virus originated from the dragon country China left a deadly impact an everything around us and the employment is surely one of them. The employment sector suffered a severe loss with this.
Starting with the deadly impact of the virus, followed by the continuous lockout so far 12 crore employees lost their jobs in India with the given situations.
However, the report issued by the Centre for Monitoring Indian Economy (CMIE) found out that the unemployed level decreased gradually with the government giving more relaxations.
As per the data, May witnessed a sharp rise in employment opportunities with more than 2 crore jobs retrieved and June saw a mammoth retrieve of jibs with over 7 crores.
On the other hand, the unemployment rate fell by 7.4 percent when compared to the June month of last year. This year, the count of daily wage workers increased rapidly by around
Even the Superpower nation US couldn't save itself from the deadly outbreak of the virus. Experts stated that the ongoing situation is worse than that of the economic crisis the US witnessed in 2018.