Unemployment rate falls to six-month low of 5.98%

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Therefore, one year after the onset of Covid, India was left with a shortfall of 6.3 million jobs.”

Unemployment rate fell to a six-month low of 5.98% for the week ended July 18 after inching up to 7.64% in the previous week. During the week ended July 18, the rate of joblessness fell in both urban and areas to 7.9% and 5.1% from 8.9% and 7.06%, respectively, in the previous week, according to the Centre for Monitoring Indian Economy (CMIE)

CMIE’s MD and CEO Mahesh Vyas said: “It is heartening to see the unemployment rate come down in the week ended July 18 as it comes with a near stable labour participation rate (LPR) and a healthy increase in the employment rate from 37.5% in the previous week to 38% in the latest week.” For the week ended July 4, employment rate was 36.6%.

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source https://earn8online.com/index.php/312068/unemployment-rate-falls-to-six-month-low-of-5-98/