Data From CMIE Shows India's Unemployment Rate at 3-Month High of 8%

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

Reuters

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

data from cmie shows india s unemployment rate at 3 month high of 8

Job seekers attend a job fair organised by the employment department of the Delhi state government in New Delhi, India, January 21, 2019. REUTERS/Anushree Fadnavis/Files

New Delhi: India's unemployment rate rose to 8.0% in November, highest in three months, from 7.77% in the previous month, data from the Centre for Monitoring Indian Economy (CMIE) showed on Thursday.

The urban unemployment rate rose to 8.96% in November from 7.21% in the previous month, while the rural unemployment rate slipped to 7.55% from 8.04%, the data showed.

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

(Reuters)

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