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
Dec 01 2022
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
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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.
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(Reuters)
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