Last Update: January 02, 2023, 11:34 AM IST
The employment rate has also increased to 37.1% in December.
The urban unemployment rate rose to 10.09% in December from 8.96% in the previous month, while the rural unemployment rate declined to 7.44% from 7.55%
India’s unemployment rate rose to 8.30 per cent in December, the highest in 16 months from 8 per cent the previous month, data from the Center for Monitoring Indian Economy (CMIE) showed on Sunday.
As per the data, the urban unemployment rate rose to 10.09 per cent in December from 8.96 per cent in the previous month, while the rural unemployment rate declined to 7.44 per cent from 7.55 per cent.
CMIE Managing Director Mahesh Vyas said the rise in the unemployment rate is “not as bad as it may seem”, as it is on top of a healthy rise in the labor participation rate, which rose to 40.48 per cent in 2019. December, highest in 12 months.
“Most importantly, the employment rate rose to 37.1 percent in December, the highest since January 2022,” he told Reuters.
Arresting high inflation ahead of the national elections in 2024 and creating jobs for the millions of youth entering the job market are the biggest challenges for Prime Minister Narendra Modi’s administration.
The main opposition Congress party began a five-month cross-country march in September from the southern city of Kanyakumari to Srinagar in the Jammu and Kashmir region to mobilize public opinion on issues such as high prices, unemployment and what it calls “the poor”. The divisive politics of Modi’s Bharatiya Janata Party
Senior Congress leader Rahul Gandhi, who is leading the party’s 3,500-kilometre (2,175-mile) march, called for “India with a single focus on GDP growth, employment, skilling of youth and creating production capacity with export potential”. need to move towards.” Pedestrian, told reporters on Saturday.
According to separate quarterly data compiled by the state-run National Statistics Office (NSO) and released in November, the unemployment rate declined to 7.2 per cent in the July-September quarter compared to 7.6 per cent in the previous quarter.
In December, the unemployment rate rose to 37.4 per cent in the northern state of Haryana, followed by Rajasthan at 28.5 per cent and Delhi at 20.8 per cent, CMIE data showed.
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(This story has not been edited by News18 staff and is published from a syndicated news agency feed)