Form of words:
New Delhi: India’s unemployment rate rose as unemployment rose in the country’s rural areas, even as non-farm jobs increased, as the economy was emerging from the pandemic.
Unemployment rose to 7.75% in October from a three-month low of 6.86% in September, statistics From private research firm Center for Monitoring Indian Economy Pvt Ltd. Shown on Monday. The data shows rural unemployment rose to 7.91% from 6.06% last month, while urban unemployment declined to 7.38% from 8.62%.
With manufacturing activity expanding amid business optimism at a six-month high in October, an internal rise in the unemployment rate is unlikely to be a major cause for concern for India’s policymakers yet. IHS Markit data shows the manufacturing and services sectors have been adding jobs in recent months to keep up with strong demand in the economy.
CMIE’s data is one of the earliest indicators of economic activity and is widely tracked in the absence of timely government data. India’s labor ministry recently reinstated efforts to publish official data, but it does not provide any information. whole picture About job status in the country.- bloomberg
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