India’s Unemployment Rate
India’s Unemployment Rate: The country’s unemployment rate at the highest level of four months, the figure rose to 7.9 in December.
India‘s Unemployment Rate Rise in December: India‘s unemployment rate reached a four-month high of 7.9 percent in December. This has been revealed by data from the Center for Monitoring Indian Economy (CMIE). Economic activity and consumer sentiment have been affected in the country after Omicron cases increased in several states.
India‘s unemployment rate hit a four-month high in December. This has been revealed by data from the Center for Monitoring Indian Economy (CMIE). For this, the new form of Corona is being considered as Omicron on a large scale. The report released in this regard said that economic activity and consumer sentiment in the country have been affected after the increase in Omicron cases in several states.
Unemployment rate reached 7.9 percent
According to the CMII report released today, the unemployment rate has risen to 7.9 per cent in December from 7 per cent in November, the highest figure since 8.3 per cent in August. Significantly, in May 2021, the highest unemployment rate was recorded in India. It had reached a high of 11.84 per cent in this month. Unemployment is closely monitored by Mumbai-based CMIE data economists and policy makers, as the government does not release monthly figures.
Omicron variant visible effect
Data from the Center for Monitoring Indian Economy showed that the urban unemployment rate rose to 9.3 per cent in December, from 8.2 per cent in the previous month. In addition, the rural unemployment rate rose from 6.4 percent to 7.3 percent.
India's Unemployment Rate - /10
India's Unemployment Rate: The country's unemployment rate at the highest level of four months, the figure rose to 7.9 in December.