On the one hand, while the economy in the country is recovering rapidly and the country's GST collection is reaching new heights, on the other hand, the problem of unemployment in the country is increasing instead of decreasing. This can be gauged from the fact that the unemployment rate of the country increased to 7.83 percent in April.
Unemployment is low in rural areas
It is worth noting that in the last month i.e. March, the unemployment rate of the country was 7.60 percent. This has been revealed in the data released by the Center for Monitoring Indian Economy (CMIE). It has been said in the report that even during April, the urban area has been ahead in terms of an increase in unemployment. This means unemployment has decreased in rural areas as compared to cities. According to the data, the unemployment rate in cities has increased to 9.22 percent from 8.28 percent in March. At the same time, the unemployment rate in rural areas has come down from 7.29 percent in March to 7.18 percent in April.
The impact of sluggish demand and inflation
According to CMIE, Haryana has the highest unemployment rate when it comes to various states of the country. While the name of Rajasthan comes at number two. It has been recorded in Haryana at 34.5 percent and in Rajasthan at 28.8 percent. According to economists, the slow pace of economic recovery amid sluggish domestic demand and rising prices has affected employment opportunities. Significantly, in March, consumer inflation reached a 17-month high of 6.95 percent.
Labor participation also decreased
Mumbai-based CMIE keeps a close eye on employment figures as well as labor participation and releases its figures. According to the report released, there has also been a major decline in labor participation. It was told that the rate of job seekers among the country's workers declined to 39.5 percent in March 2022 as compared to 43.7 percent in March 2019. This confirms that a large number of professionals have stopped looking for jobs.
DC vs RR: Delhi will have to capitalize on the opportunity against Rajasthan, eyes will be on McGurka
To remain in the race for the IPL playoffs, Delhi Capitals will have to defeat the in-form team like Rajasthan Royals at any cost on Tuesday and all eyes will be on the bat of captain
WPI Inflation in India: WPI inflation continues to hit 15.18 percent in June
The wholesale inflation rate in India has also been more than the percentage in June. According to the All India Wholesale Price Index, the inflation rate in June has been 15.18% (provisional).
Uttarkashi Tunnel: The company will bear the expenses of the Silkyara Tunnel rescue operation, NHIDCL is preparing the details.
Navyuga, the company constructing it, will bear the expenses of the rescue operation to safely take out 41 laborers from the Silkyara tunnel. For this, the National Highways and Infrastructure
Toronto Plane Crash: 'We were hanging upside down like bats', people on board the plane narrated their ordeal
A Delta Airlines plane met with an accident at Toronto Airport in Canada. Now pictures and videos of this plane accident have surfaced, from which the horror of the accident can be estimated. The
Imran trapped in another case: hid the fact of having a daughter in the election affidavit, hearing in the High Court after 5 days
Former Prime Minister of Pakistan Imran Khan is in another big trouble. Khan is alleged to have given information about having only two sons in the election affidavit but did not tell the Election
Corona in China: 25 million people in Shanghai imprisoned do not have food and water, Beijing will have a test of 20 million
Shanghai, the financial capital of China, is also becoming the corona capital of the country. On Tuesday, 1,908 Kovid positives were reported in China, of which 1,661 are from Shanghai alone. The news
CM Yogi was overjoyed with the success of Maha Kumbh, and said- 66.21 crore devotees took a dip; a world record was made.
The divine, grand, and cultural gathering Maha Kumbh, being organized on the land of the holy land of Prayagraj since January 13, created history on Wednesday by crossing the figure of 66 crores on
Palak Tiwari gets a big break, entry in Salman Khan's film 'Kabhi Eid Kabhi Diwali'
Salman Khan's film 'Kabhi Eid Kabhi Diwali' has been in discussion for a long time because of its star cast. There are reports of actors joining the film till their exit. With this film by Salman
Ashutosh Rana: 'Language is a subject of dialogue, not controversy', Ashutosh Rana's reaction to the Marathi language controversy
For the past few days, there has been a Marathi language controversy in Maharashtra. Many film stars have reacted to this so far. Now recently, actor Ashutosh Rana has put his point on this. The actor
Delhi Politics: Arvind Kejriwal to present trust vote in Delhi Assembly today
The trust vote will be tabled in the House by Chief Minister Arvind Kejriwal on Monday in a two-day special session of the Delhi Legislative Assembly. Due to this, there is likely to be a huge ruckus
