Data | Negative perception on economy and employment rises to an eight-year high
The Hindu
More than 80% of respondents say the country's economic and employment situation worsened in May 2021
Job losses in urban areas as a consequence of COVID-19-related lockdowns have crushed the confidence levels of city dwellers. Their negative perception of the and employment situation has reached the highest level recorded in at least eight years. The negative perception remained high with regard to the overall and incomes too. The survey was conducted between April 29 and May 10 in 13 major cities. The urban unemployment rate (UR) stood at 14.73% in May 2021, the highest in 12 months. It was 23.14% in May 2020 during the COVID-19- induced national lockdown.
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