new Delhi: India’s unemployment rate rose to 8.30% in December, the highest level in 16 months, from 8.00% in November, according to data released by the Center for Monitoring Indian Economy (CMIE) on Sunday. According to the report, the unemployment rate in urban areas rose to 10.09% in December from 8.96% in the previous month, while the rate in rural areas declined to 7.44% from 7.55%. The unemployment rate varies from state to state, with Haryana having the highest unemployment rate of 37.4%. While Odisha is counted as having the lowest unemployment rate in the country, which is just 0.9%.
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CMIE publishes data every month to measure the unemployment rate across the country. Unemployment in the country reached its peak during the Kovid-19 pandemic, since then it was decreasing till December 2022. In the last month of 2022, the unemployment rate in India had reached a 16-month high of 8.30%.
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According to separate quarterly data compiled by the state-run National Statistics Office (NSO) and released in November, the unemployment rate declined to 7.2% in the July-September quarter compared to 7.6% in the previous quarter.
In December, the unemployment rate rose to 37.4% in the northern state of Haryana, followed by Rajasthan at 28.5% and Delhi at 20.8%, CMIE data showed.
(With Reuters inputs)