With the second wave of the pandemic, unemployment rates have taken a nosedive. Urban unemployment, in particular, has taken a major hit. Latest CMIE data shows that urban unemployment rose to a whopping 18% by the end of May. Much hinges on confidence in large organisations and the pace of vaccination in the country. Tonight on the India Development Debate, we analyse the impact of the second wave on the formal sector jobs with Suraj Moraje, MD & Group CEO, Quess Corp, Sashi Kumar, MD, Indeed India and Ishita Bandyopadhyay, MD, Aon's Assessment Solutions.