India’s rural unemployment rate climbed more than 100 basis points month-on-month (m-o-m) in October with the region seeing a significant fall in the creation of person-days under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), even as the summer crops harvest season kicked off. Rural unemployment climbed to 6.9% in October against 5.86% in September, according to monthly data from the Centre for Monitoring Indian Economy (CMIE), published on Monday. The national unemployment rate in October, t00, was up at 6.98% compared to 6.67% in the previous month. However, urban unemployment was down from8.45% in September to 7.15% in October, as economic activity, including industrial activity, picked up pace. The weekly unemployment rate, which was also published on Monday, showed that both rural and urhan, and national unemployment rates, have climbed in the week ended 1 November compared to the previous week.
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