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India's unemployment rate falls to 6.43% in September: CMIE

03 Oct 2022 Evaluate

The Centre for Monitoring Indian Economy (CMIE) in its latest data has showed that India's unemployment rate drastically dropped to 6.43% in September due to an increase in labour participation in the rural and urban areas. During August, India's unemployment rate surged to a one-year high of 8.3% as employment sequentially fell by 2 million to 394.6 million.

As per the data, the unemployment rate in the rural areas fell to 5.84% in September from 7.68% in August, while in the urban areas it dropped to 7.7% against 9.57% in the previous month. CMIE managing director Mahesh Vyas said the almost-8 million increase in labour participation is a sign that the economy of the country is doing well.

The data showed the unemployment rate was the highest in Rajasthan at 23.8% in September, followed by Jammu and Kashmir at 23.2%, Haryana at 22.9%, Tripura at 17%, Jharkhand at 12.2% and Bihar at 11.4%. Unemployment was the lowest in Chhattisgarh at 0.1% in September, followed by Assam at 0.4%.

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