6.6 mn white collar skilled jobs misplaced throughout May-August: CMIE

6.6 mn white collar professional jobs lost during May-August: CMIE

An estimated 6.6 million white collar skilled jobs, together with engineers, physicians, lecturers, have been misplaced between May and August, bringing their employment to the bottom stage since 2016 and wiping out the positive factors made during the last 4 years whereas 5 million industrial employees have been out of labor throughout the interval, the Centre for Monitoring Indian Economy stated.

According to CMIE weekly evaluation primarily based on the info from the 20th wave of CMIE’s Consumer Pyramids Household Survey launched each 4 month, the largest lack of jobs amongst salaried workers was of white-collar skilled workers and different workers.

These embrace software program engineers, physicians, lecturers, accountants, analysts and the kind, who’re professionally certified and are employed in some non-public or authorities organisation. This, nevertheless, doesn’t embrace certified self-employed skilled entrepreneurs’.

“From a peak of 18.8 million white collar workers employed in the country during May-August 2019, their employment fell down to 12.2 million in the May-August 2020. This is the lowest employment of these professionals since 2016,” CMIE stated, including all of the positive factors made of their employment over the previous -four years have been washed away throughout the lockdown.

According to CMIE, the following largest loss was amongst industrial employees. “By a similar year-on-year comparison, they lost five million employees. This translates into a 26% fall in employment among industrial workers over a year,” it stated. .

“However, the decline in employment of industrial workers is likely to be largely in the smaller industrial units. “This reflects the distress in the medium, small and micro industrial units in recent times,” CMIE evaluation reveals.

The lockdown, nevertheless, didn’t affect white collar clerical workers which largely consists of desk-work workers starting from secretaries and workplace clerks to BPO/KPO employees, data-entry operators and the kinds.

“Possibly, their work shifted to the work-from-home mode,” it stated. CMIE daya reveals this class of employees has not been seeing any progress since 2016. “In fact, it has slid quite sharply since 2018 from about 15 million to less than 12 million by 2020. Interestingly, it did not slide any further during the lockdown,” it added.

CMIE had earlier estimated that 121 million jobs have been misplaced in April however most of it recovered by August, however with continued deteriorating situations of salaried jobs.

John Show

About John Show

John is a journalist with nearly 6 years of experience. While studying journalism at the University of Tennessee, John found a passion for finding engaging stories. As a contributor to Market News Reports, John mostly covers state and national developments.

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