Unemployment Rate Falls To 6.57%, Lowest Since March 2021: CMIE

Mumbai: After hitting a four-month high in December, India’s unemployment rate fell sharply to 6.57% in January, the lowest since March 2021, Centre for Monitoring Indian Economy (CMIE) data showed.

According to data from the independent think-tank Center for Monitoring Indian Economy (CMIE), unemployment in urban India stood at 8.16 per cent in January, lowest in rural areas at 5.84 per cent.

In December, the unemployment rate stood at 7.91 per cent, with urban at 9.30 per cent and rural at 7.28 per cent.

In December, the unemployment rate stood at 7.91 per cent, with urban at 9.30 per cent and rural at 7.28 per cent.

Telangana recorded the lowest unemployment rate of 0.7 per cent in January, followed by Gujarat (1.2 per cent), Meghalaya (1.5 per cent) and Odisha (1.8 per cent).

However, Haryana had the highest unemployment rate at 23.4 per cent, followed by Rajasthan at 18.9 per cent. CMIE estimated the number of unemployed in India to be 53 million by December 2021, of whom a large proportion were women.

CMIE MD and CEO Mahesh Vyas, in his analysis of December data, said 35 million people were actively looking for work in December 2021, of which 23 per cent or 8 million were women.

An equally important challenge is to provide employment to an additional 17 million people who were not working and were willing to work when work became available, although they were not actively looking for employment, Vyas said.

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