India Enters New Year 2022 With Unemployment At 4 Months' Peak

by GoNews Desk Jan 04, 2022 • 12:44 AM Views 1238

India has welcomed the new year 2022 with a continuing unemployment crisis, with the rate climbing steadily from October 2021 onwards to reach 7.91% in December 2021 nationally. In urban areas, the rate reached 9.30% which is the highest it has been since August 2021. The most recent unemployment rate data is at a four-month high in the country.

According to data by the Centre for Monitoring Indian Economy (CMIE), unemployment reached its peak in May 2021 simultaneously with the height of the coronavirus pandemic’s second wave, touching 11.84% nationally, and then in August, when it climbed to the rate of 8.32%.

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