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The Lay-Off Rate Reached Fluff To 11%

According to data released by the CMIE Center for Monitoring Indian Economy, where the unemployment rate was at 23.48 per cent in May. At the same time, it has come down to 10.99 per cent in June. In June, the unemployment rate in urban areas was 12.02 per cent and the unemployment rate in rural areas was 10.52 per cent.

With the process of unlocking (Unlock-2) in the country, the unemployment rate has also come down. According to data released by the CMIE Center for Monitoring Indian Economy, the unemployment rate came down to 11 per cent in June. Whereas in May it was at a height of 23.50 per cent. According to statistics, 37.3 crore people are employed in June.

Which sector got worse – CMIE says that the unemployment rate was 12.02 per cent in urban areas and 10.52 per cent in rural areas in June. Let me tell you that if the Corona crisis has affected an area the most, then it is tourism, transportation and hotel sector.

Hotel companies say that it will take about 12 to 24 months to return the earnings of every empty room of the hotels to last year’s level. This is revealed in a survey by JLL. According to the survey conducted by the company, only 20 per cent of hotel companies feel that their hotel income will return to the level of 2019 in the next six to 12 months.

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