Big News! Unemployment rate jumps 16-month high ; these states have highest jobless youth – Here’s Complete State-wise List
New Delhi: India’s unemployment rate rose to 8.3 per cent in December, the highest in 16 months, from 8 per cent in the previous month, data from the Centre for Monitoring Indian Economy (CMIE) showed today.
The urban unemployment rate rose to 10.09 per cent in December from 8.96 per cent in the previous month, while rural unemployment rate slipped to 7.44 per cent from 7.55 per cent, the data showed.
Unemployment rate have been varied across different states with Haryana having the highest unemployment rate of 37.4%. While Odisha counted as the lowest unemployment rate in the country with mere 0.9%.
CMIE published the data every month to measure the unemployment rate across the country. Unemployment in the country reached the peak during the Covid-19 pandemic since then it had been receding until December 2022. Last month of 2022 saw an uptick in the unemployment rate reaching 16-month high to 8.30% overall in India.
The unemployment rate had declined to 7.2% in the July-September quarter compared to 7.6% in the previous quarter, according to separate quarterly data compiled by state run National Statistical Office (NSO) and released in November
In December, the unemployment rate rose to 37.4% in the northern state of Haryana, followed by 28.5% in Rajasthan and 20.8% in Delhi, CMIE data showed.