Unemployment Rate Surges to 7.77% in Oct Against 6.43% in Sept: CMIE

Unemployment Rate Surges to 7.77% in Oct Against 6.43% in Sept: CMIE

• India’s unemployment rate rose in October due to a sharp increase in the rural joblessness rate after the kharif harvest season, according to the Centre for Monitoring Indian Economy (CMIE). Unemployment rate in surged last month on the back of significant increase in rural unemployment rate, reversing the decline registered in September.
• The jobless rate rose to 7.77% in October, from a four-year low of 6.43% in September, the CMIE data showed. The rural unemployment rate surged to 8.04% from 5.84% in September, while the urban jobless rate moderated to 7.21% compared with 7.7% in the previous month. Kharif crops sown at the beginning of the monsoon season are harvested between September and the first half of October. This results in a dip in October in rural employment, before it picks up in November when sowing for winter crops begins. In November 2021, the rural unemployment rate had fallen sharply to 6.41% from 7.91% in the previous month.

September Weekly Current Affairs (Science & Technology) Bitbank: In which country Khosta-2 variant of coronavirus was found in bats?

                         >> Download Current Affairs PDFs Here

                              Download Sakshi Education Mobile APP

Published date : 04 Nov 2022 05:24PM