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

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About 6.6 million white-collar professional jobs, including engineers, doctors, teachers, were lost between May and August, bringing their employment to its lowest level since 2016 and eroding profits made over four years. last, while five million industrial workers were out of work during the period, said the Center for Monitoring the Indian Economy.

According to the CMIE weekly analysis based on data from the 20th wave of the CMIE Consumer Pyramid Household Survey released every four months, the largest job loss among salaried employees was that of professional collar workers. whites and other employees.

These include software engineers, doctors, teachers, accountants, analysts and the like, who are professionally qualified and employed by any private or governmental organization. This, however, does not include qualified self-employed professional entrepreneurs.

From a peak of 18.8 million white-collar employees employed in the country during May-August 2019, their employment fell to 12.2 million in May-August 2020. This is the lowest employment of these professionals since 2016, said CMIE , adding all the profits made in their employment over the last four years were left during the blockade.

According to the CMIE, the next biggest loss was among industrial workers. From a similar comparison from year to year, they lost five million employees. That translates into a 26% drop in employment among industrial workers over the year, she said. .

However, the decline in employment of industrial workers is likely to be mainly in smaller industrial units. This reflects the concern in medium, small and micro industrial units in recent times, the CMIE analysis shows.

However, the connection did not affect white-collar staff, which mainly includes desk staff, ranging from secretaries and clerks to BPO / KPO staff, data entry operators and types.

Perhaps, their work shifted to the way they work from home, she said. CMIE daya shows that this category of workers has not seen any increase since 2016. In fact, it has dropped quite significantly since 2018 from around 15 million to less than 12 million by 2020. Interestingly, it did not slip further during the blockade, she added.

The CMIE had previously estimated that 121 million jobs had been lost in April, but most of them recovered by August, but with persistently deteriorating conditions of salaried jobs.



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