Unemployment Rate in India Rises to 7.83%: CMIE

As per the data, Haryana recorded the highest unemployment rate at 34.5 percent followed by Rajasthan at 28.8 percent.
Unemployment Rate in India Rises to 7.83%: CMIE
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The Centre for Monitoring Indian Economy (CMIE) in a report stated that the unemployment rate in the country rose to 7.83 percent in April from 7.60 percent in the previous month.

As per the data released by CMIE, the urban employment rate jumped to 9.22 percent in the month under review from 8.28 percent in March this year, while the rural employment rate slipped to 7.18 percent.

As per the data, Haryana recorded the highest unemployment rate at 34.5 percent followed by Rajasthan at 28.8 percent.

The report further said that employment opportunities have been hit by sluggish domestic demand and the slow pace of economic recovery amid rising prices.

Retail inflation jumped to a 17-month high of 6.95 percent in March, the report said.

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The Centre in its quarterly employment survey (QES), released on April 28, said that nine key sectors including trade, manufacturing and IT created 4,00,000 jobs during October-December 2021.

Earlier, the Employees Provident Fund Organisation or EPFO in the latest NSO data showed that it added over 5.18 crore subscribers between September 2012 and February this year.

The data released by the National Statistical Office showed that the number of members added in the EPF during a period of time gives insight to the number of jobs creation in that particular period across the country.

“The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation, has released the press note on Employment Outlook of the country covering the period September, 2017 to February, 2022 based on the administrative records available with selected government agencies to assess the progress in certain dimensions," the government said in a press release on Monday.

The data from the Mumbai-based CMIE is closely watched by economists and policymakers as the government does not release its own monthly figures.

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