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Unemployment rate rises to one-year high of 83 percent in August

Unemployment rate rises to one-year high of 83 percent in August
Unemployment rate rises to one-year high of 83 percent in August
Mumbai, Sep 1 (PTI) The unemployment rate in the country soared to a one-year high of 8.3 per cent in August. During this, employment decreased by 20 lakh to 39.46 crore as compared to the previous month.

According to data from the Center for Monitoring Indian Economy (CMIE), the unemployment rate in July stood at 6.8 per cent and employment stood at 397 million.

CMIE Managing Director Mahesh Vyas told PTI, “The urban unemployment rate is generally higher than the rural unemployment rate at eight per cent, while the rural unemployment rate is around seven per cent.”

“In August, the urban unemployment rate rose to 9.6 per cent and the rural unemployment rate rose to 7.7 per cent,” he said.

Vyas pointed out that erratic rainfall affected sowing activities and is one of the reasons for rising unemployment in rural India.

The unemployment rate in rural areas of the country rose from 6.1 percent in July to 7.7 percent in August. More importantly, the employment rate fell from 37.6 percent to 37.3 percent.

“The rural unemployment rate may come down going forward as a delay in monsoon will lead to an increase in agricultural activities towards the end of the monsoon,” said Vyas. However, it is not clear what the urban unemployment rate will be like in the coming months. At present, it remains quite high.

According to the data, Haryana had the highest unemployment rate of 37.3 per cent during August. This was followed by the unemployment rate in Jammu and Kashmir at 32.8 per cent, in Rajasthan at 31.4 per cent, in Jharkhand at 17.3 per cent and in Tripura at 16.3 per cent.

The data showed that the unemployment rate was lowest in Chhattisgarh at 0.4 per cent, Meghalaya at 2 per cent, Maharashtra at 2.2 per cent and Gujarat and Odisha at 2.6 per cent.

The article is in Hindi


Tags: Unemployment rate rises oneyear high percent August

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