The downside of unemployment within the nation appears to be rising as a substitute of reducing. Employment alternatives additionally declined within the month of February. The unemployment charge rose to 7.78 % on this month. This can be worrying as a result of this charge is the best within the final 4 months.
The unemployment charge for the month of February is 0.62% in comparison with January. The information was launched by the Center for Monitoring Indian Economy (CMIE), which launched the report. This unemployment charge has been the best since October, 2019.
According to the report, the financial slowdown is impacting the economic system. In the final three months of the yr 2019, the financial development of the economic system has reached a low degree in six years. <! –
The report stated that fewer folks received employment in rural areas in February. The unemployment charge in rural areas rose to 7.37 per cent as in comparison with January (5.97%). However, the unemployment charge in city areas has been recorded low. It was 9.70 % in January, which rose to eight.65 % in February.