Unemployment rate in India sees a dip after a month

Oct 21, 2021

By: Vaamanaa Sethi

According to a report by the Centre for Monitoring Indian Economy (CMIE),...

...September saw an additional 8.5 million people becoming employed in the country.

Credit: CMIE

The unemployment rate in the month of September also fell down to 6.9 percent...

...as compared to 8.3 percent in the month of August this year.

Credit: Pixabay

However,the unemployment rate during the first three weeks of October has remained elevated by 7.6 percent,...

...but an employment expansion in this month is likely, as per CMIE.

Credit: Pixabay

The report further revealed that nearly two million jobs in the urban region were added in September,...

...which is slightly less than the number of jobs added in rural areas.

Credit: Pixabay

Employment in construction and food industries was much more sustainable in September...

...as compared to August this year, according to the report.

Credit: Pixabay

India provided 406.2 million jobs to people till September this year,...

...slightly lesser than the pre-COVID level, which was 408.9 million in 2019 till September. This indicates that there is still some catch up to do to match the employment rate.

Credit: Pixabay

Labour participation in the market is one of the major aspects to...

...consider when it comes to calculating the employment rate.

Credit: Pixabay

Number of labour participating or engaged in the labour...

...market was highest in the month of September with 40.7 percent.

Credit: Pixabay

However, this number fell down by 1.5 percent during the starting of October but...

...quickly bounced back to the previous month’s percentage in the third week of this month.

Credit: Pixabay

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