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.
1171 Indian soldiers received UN medal in peacekeeping mission: For the first time in South Sudan, a female soldier led the parade
In South Sudan, 1171 Indian Army personnel have been awarded UN Medal for their excellent services in a peacekeeping mission. These include 5 women soldiers as well.
India-Canada Row: 'There is no place for hatred in Canada' Security Department said on threats to Hindus
India-Canada Row: Tension continues in diplomatic relations between India and Canada. Meanwhile, a video is becoming increasingly viral, in which Hindus are being threatened and they are being asked
Seizure: 1,137 kg of banned raw sea cucumber seized, worth Rs 5.11 crore
About 1,137 kg of banned raw sea cucumber, estimated to be worth Rs 5.11 crore, dumped in the sea near Mandapam in Ramanathapuram district was seized, the Indian Coast Guard said on Thursday. This is
Petrol Diesel Price Today December 1: Oil companies released the prices of petrol and diesel, know the prices of your city
Petrol Diesel Price: Oil companies have released the prices of petrol and diesel for today. Today companies have changed the prices of oil in Delhi and Chennai. A few months back, the government
Parakh will bring uniformity in evaluation in school boards across the country, will be the country's first national evaluation regulator
India's first national assessment regulatory framework will bring uniformity in assessment being conducted by more than five dozen education boards across the country. This is to say of Amit Sevak,
Constitution completes 75 years: President Murmu will address the joint session of Parliament today; year-long celebrations will continue.
On the occasion of the completion of 75 years of adoption of the Constitution, the Central Government is going to start a year-long program on Tuesday. The campaign 'Hamara Samvidhaan, Hamara
The sensational incident in Bihar: All members of the debt-ridden family ate poison near the tomb; the death of five
Five people from a family of a locality died after consuming poison at New Area Garh located in Nawada district headquarters of Bihar. One remains in critical condition. The root cause of the incident
Indian Air Force will participate in Exercise Cobra Warrior, United Kingdom will send these fighter jets including Mirage
Exercise Cobra Warrior: An Indian Air Force contingent comprising 145 air warriors today departed from Air Force Station Jamnagar to participate in Exercise Cobra Warrior at Royal Air Force's
After becoming a father, Sidharth Malhotra, following in Alia Bhatt's footsteps, will welcome his daughter like this with Kiara Advani.
Kiara Advani and Siddharth Malhotra have now become parents. After two years of marriage, the couple has recently welcomed a daughter. After becoming a father, the actor has become even more
Army on alert mode after Operation Sindoor, free hand to respond to Pakistan's actions; full action will be taken
The neighbouring country is nervous ever since the terrorist organizations present in Pakistan were destroyed in Operation Sindoor. The army and security forces are on high alert given the possible
