India’s overall joblessness rate has climbed to 10% in the week ended 13 December, at least a 23-week high, reversing a trend where the unemployment rate was hovering largely between 6% and 8% for the last few months.
The urban unemployment rate touched 11.62% and rural joblessness also climbed to 9.11% in the week to 13 December. These are the highest joblessness rates after the week ended 14 June, when the covid-19 pandemic was raging and several parts of the country were still under partial lockdown. India’s overall unemployment rate in that week was 11.63%, while urban unemployment was 13.1% and rural unemployment 10.96%. In the week ended 21 June, overall joblessness was 8.48%, while urban unemployment was 11.19%, which is lower than the rates recorded on 13 December.
Courtesyg: Google (photo)
