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.
Bigg Boss 19: Neelam-Shahbaz discussed Mridul Tiwari's changed behaviour, said- I heard abuses from his mouth and...
Bigg Boss 19 is getting very exciting this week. Recently, the quarrel between Kunika and Tanya caught everyone's attention. Now Shahbaz Badesha is making headlines after his wild card entry. In the
IND vs PAK: Kohli Rahul's blockbuster show, Kuldeep stole the show with the ball, 5 special things about the historic win over PAK
IND vs. PAK: Under the captaincy of Rohit Sharma, Team India shattered the pride of Pakistan on Monday night. The picture of the Indian team was a super hit in the match played in the Super-4 round of
Infosys: Narayana Murthy gave such a gift to his grandson, he became a billionaire at the age of four months
Ekagraha Rohan Murthy, grandson of Infosys founder NR Narayana Murthy, has probably become the country's youngest millionaire. According to regulatory filings, Narayana Murthy has gifted Infosys
IND vs ENG Test: Yuvraj-Dhawan recited ballads in praise of Shubman Gill, post of veterans went viral on social media
Shubman Gill Century: A five-match Test series is being played between India and England, the second test of which is being played at the Dr. Y.S. Rajasekhara Reddy Cricket Stadium in Visakhapatnam.
Monkeypox RT-PCR Kit: India alert on the increasing threat of monkeypox, first Indigenous RT-PCR kit made for testing
The outbreak of monkeypox virus is increasing rapidly all over the world. The World Health Organization (WHO) has declared a health emergency worldwide regarding monkeypox. However, it is a matter of
'Will help in regional problem', did China mention India by announcing help to Pakistan Army?
Describing Pakistan as a special friend, the Chinese military leadership said that the Chinese military would work closely with the Pakistan Armed Forces to deal with "complex problems" in the region
LIC IPO: LIC's IPO is opening for common investors from today, will be able to bid till May 9
Insurance sector giant LIC's IPO will open for common investors from Wednesday i.e. today. Common investors will be able to bid on it till May 9. The IPO was opened for anchor investors on Monday and
Delhi New CM: After PM Modi's arrival, who will get lucky and become the Chief Minister of Delhi?
Prime Minister Narendra Modi has returned from his US tour late on Friday night. With his return to the country, the activities of forming the government in Delhi will also gain momentum. A decision
Russia and Ukraine War: Missiles hit the dam in Ukraine, and people were ordered to evacuate
Residents of Krivoy Rih, Ukraine, have been asked to evacuate after missiles hit a large reservoir dam in the city, the hometown of President Volodymyr Zelensky. The media reported this on Thursday.
Shahid Kapoor: Shahid Kapoor played cricket at Lord's in London, and his wife, Mira Rajput, encouraged him
Shahid Kapoor played cricket at Lord's Cricket Ground in London. During this, his wife Mira Kapoor was seen encouraging him. Fans have showered love on these pictures of Shahid.
