CMIE claims: Unemployment rises to 7.8 percent due to a decline in rural employment, the rate was at a four-year low in September


Posted on 4th Nov 2022 03:15 pm by rohit kumar

The unemployment rate in the country rose to 7.77 percent in October due to reduced employment in rural areas. In addition, a marginal decline in the Labor Participation Rate (LPR) has also led to an increase in the unemployment rate. The unemployment rate in September stood at a four-year low of 6.43 percent.

 

According to data from the Center for Monitoring Indian Economy (CMIE), the unemployment rate in rural areas rose from 5.84 percent in September to 8.04 percent in October. However, urban unemployment declined during this period. The unemployment rate in urban areas stood at 7.21 percent in October, up from 7.7 percent in September. At the same time, the LPR also came down from 39.3 percent in September to 39 percent. A year ago, the rate was 37.3%. CMIE said that the continuous fall in LPR is a matter of serious concern. This shows that only a small number of the working-age population is ready for employment.

 

 

78 lakh jobs decreased, the unemployed increased by 56 lakh

CMIE said the fall in LPR coupled with the high unemployment rate means that employment is declining. The employment rate in the country has come down to 36% in October. During this period, the number of employees decreased by 78 lakh to 39.64 crores. In September, their number was 40.42 crore.

 

The number of unemployed increased by 56 lakhs. 22 lakh people dropped out of the labor market.

Due to this, the labor force in the country has come down to 42.98 crore from 432 crore in September.

 

Employment in agriculture is the lowest in four years

According to the data, the number of people working in the agriculture sector was 164 million in November 2021. Since then it has been on a steady decline and in September this year, the number has come down to 134 million. However, with the improvement, the number of jobs in the agriculture sector increased to 13.96 million in October. Despite this, October has had the lowest number of agricultural workers in the last four years.

 

During this, 79 lakh jobs were reduced in the service sector. Of this, 46 lakhs of rural areas and 33 lakhs of urban areas.

 

The number of workers in the industrial sector has come down by 53 lakhs. There was a decline of 10 lakhs in the construction industry.

 

Also Read: Service Sector: In October, the service sector got stronger, the demand increased and new jobs got support

1 Like 0 Dislike
Previous news Next news
Other news

Twitter Blue service relaunched: now apart from blue, gold, and gray ticks will also be removed, the blue check marks already found will be removed.

Twitter has launched its updated account verification program. Now all verified accounts will not

Asia Cup 2023: After winning the title of Asia Cup 2023, Captain Rohit now has his eyes on the World Cup, said- 'Burst crackers after WC'

Colombo Indian captain Rohit Sharma said after the tremendous victory over Sri Lanka in the final

Khalistan supporter Amritpal threatened Home Minister in gestures: Indira Gandhi pressed, what was the result; Amit shah also fulfilled his wish and see

Khalistan supporter Amritpal Singh has threatened Home Minister Amit Shah in gestures. Amritpal s

Delhi Election: 'We will show you the Sheeshmahal, BJP will show you the Rajmahal', Sanjay Singh challenged; said- will go to CM House with the media today

On Tuesday, a day after the final voter list was released, the Election Commission announced the

Bhool Bhulaiyaa 3: Kartik left for Jaipur to attend the trailer launch event, and prayed before leaving the house

The trailer of Kartik Aaryan's upcoming film 'Bhool Bhulaiyaa 3' is being released today on Wedne

Chhath Puja 2023 Day 4: When will Arghya be offered to the rising sun on the last day of Chhath Puja? Know the auspicious time and importance

Today i.e. 20th November is the last day of Chhath Puja. The fourth day i.e. Saptami Tithi is the

OnePlus Nord 3 5G: Launched with 80W fast charge, 5000mAh battery, and 50MP camera, know the price and features

OnePlus has launched two affordable phones OnePlus Nord 3 5G and OnePlus Nord CE 3 5G and wireles

If you want to use ChatGPT-4 then follow this process, you will be able to use it easily.

We all know about ChatGPT because, in the last few months, we have introduced many updates and ch

'I will return to the House only when I become CM...', how Chandrababu Naidu became a kingmaker after coming out of jail; read his political journey

It has not been even a year since Chandrababu Naidu was almost removed from the scene of Indian o

Jack Ryan Season-4 Episodes Review: Jack Ryan sets out on the most difficult mission of his career, what will be the result?

Jack Ryan Season 4 Review: The spy web series Jack Ryan (Tom Clancy's Jack Ryan), which started i

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash