5 million jobs lost between 2016-18, says report

Employment opportunities declined and five million men lost their jobs between 2016 and 2018, according to a report released by the city-based Azim Premji University.

The decline in job opportunities coincided with demonetisation in November 2016, although no direct causal relationship can be established based only on these trends, the State of Working India-2019 (SWI) report said.

"Accounting for the increase in working-age population, the decline in the workforce participation rate (WPR) amounts to a net loss of 5 million jobs during this period (2016-2018).

"Recall that this analysis applies to men only. When we take women into account, the number of jobs lost will be higher," the report released on Tuesday read.

Underlining that the last three years were "one of great turmoils" in the Indian labour market as well as in the system of labour statistics, the report pointed out that unemployment rose steadily post 2011.

It found that the higher educated and the young were vastly over .