Pandemic-induced job losses in 27% establishments: survey
The Hindu
Quarterly Employment Survey covered 10,593 firms across 9 sectors
In the first quarter of this fiscal (April-June 2021) 27% of the establishments surveyed for the All-India Quarterly Establishment-based Employment Survey reported COVID-19-related retrenchment. However, the overall employment numbers had increased by 29% from the base year of 2013-2014, a report released on Monday said.
The report, released by Labour and Employment Minister Bhupender Yadav, covered 10,593 firms that employed more than 10 workers and were spread over nine sectors that account for 85% of the total employment in such establishments. Overall, employment stood at 3.08 crore in the first quarter, up from 2.37 crore as reported in the Sixth Economic Census (2013-2014).
All but two sectors — trade and accommodation & restaurants — saw an increase in employment over the period.
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