India’s unemployment rate zooms to 1-year high of 8.3 pc in Aug: CMIE | India News,The Indian Express

During July, the unemployment rate was at 6.8 per cent and the employment was 397 million, the CMIE data added.

Thursday, Sep 01, 2022

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		HomeIndiaIndia's unemployment rate zooms to 1-year high of 8.3 pc in Aug: CMIE		

							
													India’s unemployment rate zooms to 1-year high of 8.3 pc in Aug: CMIE
													
														During July, the unemployment rate was at 6.8 per cent and the employment was 397 million, the CMIE data added.
															
					
											
						
														
								
									
										
											
																									
													
														By: PTI		
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	New Delhi | September 1, 2022 8:08:57 pm														
													
															
													
												
												


		
		
			
				
			
		
		
			
				
			
		
		
			
				
			
		
	

											
											
														
														
														
													The unemployment rate in rural India rose from 6.1 per cent in July to 7.7 per cent in August. More importantly, the employment rate fell from 37.6 per cent to 37.3 per cent. (File)

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,” CMIE managing director Mahesh Vyas told PTI.

Vyas further stated that erratic rainfall affected sowing activities and this is one of the reasons for the increase in unemployment in rural India.

The unemployment rate in rural India rose from 6.1 per cent in July to 7.7 per cent in August. More importantly, the employment rate fell from 37.6 per cent to 37.3 per cent.

https://indianexpress.com/article/india/india-unemployment-rate-zooms-to-1-year-high-of-8-3-pc-in-aug-8125667/

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