Unemployment rate jumps 16-month high to 8.3% in Dec

New Delhi: According to figures released on Sunday by the Centre for Monitoring Indian Economy (CMIE), India’s jobless rate increased to 8.30% in December, the highest level in 16 months, from 8.00% in November. According to the report, the jobless rate in urban areas increased to 10.09% in December from 8.96% the previous month while the rate in rural areas decreased to 7.44% from 7.55%. 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.

(With Reuters Inputs)

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