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Big Tech and the coronavirus
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Unemployment rate falls sharply in June as people return to work

The fall in the unemployment rate is doubly appealing as it is accompanied by an increase in the labour participation rate

Topics
Consumer Sentiment Indicator | CMIE data | Lockdown

Mahesh Vyas 

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manufacturing, economy, jobs, production, engineering, PMI, industries, services, workers,
Output expectations for the coming 12 months slumped to their most negative since records began in December 2005 amid forecasts of prolonged economic weakness domestically and overseas
Mahesh Vyas

The month of June 2020 is witnessing a very rapid fall in the unemployment rate. After clocking 23.5 per cent in April and May, the unemployment rate first dropped to 17.5 per cent in the first week of June and then it took a steeper fall to 11.6 per cent in the second week. This fall is almost as dramatic as the rise in unemployment when the lockdown began.

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First Published: Mon, June 15 2020. 23:59 IST

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