Over the past few months, several high-frequency indicators have suggested a pick-up in economic activity across the country. But data from the latest round of the YouGov-Mint-CPR Millennial Survey conducted online in October and November suggests that the job market is yet to recover from the pandemic shock.
The survey shows that young workers were hit hardest by the spate of layoffs that occurred in the wake of the pandemic induced lockdown. But older workers who lost their jobs may find it more difficult to find their way back into the job market, and expressed greatest despondency about job prospects in the economy. 17% of millennials and post-millennials have lost their jobs since the outbreak. Among the older lot of pre-millennials, this share is a little less than 15%. Millennials refer to those who attained adulthood in the early 21st century, when the world increasingly became digitally connected. In this analysis, the term is used for those born between 1981 and 1996 (aged 24-39 now). Those born after 1996 (aged 18-23) are referred to as the post-millennials or GenZ, and the rest as pre-millennials. Together, millennials and post-millennials account for roughly half of India’s adult population.
Courtesyg: Google (photo)
