Formal sector unemployment has been rising sharply ever since a strict lockdown was imposed in the country towards the end of March. The 20th wave of CMIE’s Consumer Pyramids Household Survey (CPHS) has now revealed that nearly 6.6 million or 66 lakh white collar professionals (WCP) lost jobs between May and August.
White collar professionals like software engineers, physicians, teachers, accountants and analysts have suffered the biggest job loss among all salaried employees affected by the pandemic, according to the survey. CMIE clarified that WCPs do not include qualified self-employed professional entrepreneurs.
Employment among such professionals peaked in India during May-August 2019 at 18.8 million or 1.88 crore. The number gradually fell to 18.1 million or 1.81 crore in January-April 2020.
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