The unemployment rate rose from 7.77% to 8.0% in November, the highest in three months. CMIE data: India's unemployment rate rises to three-month high of 8% in November | NewsBust The unemployment rate rose from 7.77% to 8.0% in November, the highest in three months. CMIE data: India's unemployment rate rises to three-month high of 8% in November | NewsBust

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The unemployment rate rose from 7.77% to 8.0% in November, the highest in three months. CMIE data: India’s unemployment rate rises to three-month high of 8% in November

By Amit - December 1, 2022

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There is a steady increase in the unemployment rate in India. The jobless rate has risen to 8.0% in November, which is the highest in three months. Last month in October the unemployment rate was 7.77%. The Center for Monitoring Indian Economy (CMIE) has released the unemployment rate data on Thursday (December 1).

According to CMIE data, the urban unemployment rate rose to 8.96% in November from 7.21% in the previous month. Whereas, the rural unemployment rate decreased from 8.04% to 7.55%. Mumbai-based CMIE data is closely watched by economists and policymakers, as the government does not release its monthly figures.

Haryana had the highest unemployment in the month of November.
According to CMIE data, the unemployment rate in Chhattisgarh reached its lowest ever level of 0.1% in the month of November. This is the lowest unemployment rate nationwide. The highest unemployment in this month was 30.6% in Haryana.

How is the unemployment rate determined?
The unemployment rate in November at 8.0% means that 80 out of every 1000 workers willing to work could not find work. CMIE conducts door-to-door survey of people above 15 years of age every month and takes information about their employment status. After this, a report is prepared from the results obtained.

There is more news…

Amit

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