INDIA'S UNEMPLOYMENT RATE 

THE RATE OF UNEMPLOYMENT IN INDIA IN 2022

India's Unemployment Rate

The data by the centre for Monitoring Indian Economy (CMIE), in 20th December India's unemployment reached 9 percent on the 30-day moving. While in November it was 8 percent

What is Unemployment Rate?

The Unemployment rate means the amount of people desiring to work and unable to get a job as per CMIE

Average Unemployment rate in 2022

Since last 12 months, the rate of umemployment  has an average of 7.4 percent,  within a 6.4 percent to 8.3 percent range, confirmed bt CMIE

Unemployment in Urban and Rural Areas in India

The most horrifying fact is in urban areas the rate of unemployment touched 10 percent and 8,5 percent in rural India.

Unemployment- Rural Areas

In rural areas unemployment is little volatile than the urban in India, despite of MGNREGA scheme that provides jobs to the rural unemployed.

Haryana with Highest Unemployment

The statistics reveals, Haryana holds the highest unemployment rate  with 30.6 percent in November 2022. It has been  followed by Rajasthan (24.5) and Jammu and Kashmir (23.9).

Chhattisgarh with lowest Unemployment

CMIE data confirms, Chattishgarh had the lowest unemployment rate in the states in India in November this year at 0.1 percent, Uttarakhand with 1.2 and Odisha has 1.6 percent.

Formal Jobs Unavailable in October

The reports from Employees Provident Fund Organisation, formal job creation getting fell from 1.68 million in September to 1.29 million in October. we can tell it as a third lowest addition in the fiscal tear.

In terms of marginal growth of formal job creation there  has compared to 1.27 million in last year in October.