The Unemployment Rate Zooms To 1 Year High Of 8.3%

The Unemployment Rate Zooms To 1 Year High Of 8.3%

• India’s unemployment rate surged to a one-year high of 8.3 per cent in August as employment sequentially fell by 2 million to 394.6 million, according to data from the Centre for Monitoring Indian Economy (CMIE). During July, the unemployment rate was at 6.8 per cent and the employment was 397 million, the CMIE data added.
• The urban unemployment rate is usually higher at about 8 per cent than the rural unemployment rate, which is usually around 7 per cent. In August the urban unemployment rate shot up to 9.6 per cent and rural unemployment rate also increased to 7.7 per cent.

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Published date : 02 Sep 2022 05:55PM