Unemployment rate drops by 1.3 pc points in July from eight-month-high
Experts attribute the decline in the unemployment rate to the sowing season and the progress in hiring of workers.
Experts attribute the decline in the unemployment rate to the sowing season and the progress in hiring of workers.
Modi said unemployment is decreasing rapidly in both rural and urban areas of the country as benefits of development are reaching both villages and cities equally.
Russia's unemployment rate has dropped to a historic low of 3.6 per cent, President Vladimir Putin said.
Clarida stated at a virtual event held by the Brookings Institution on Monday that if the unemployment rate falls to 3.8 percent from its current level of 4.6 percent by the end of 2022, the US labour market will have reached its estimation of maximum employment.
The unemployment rate was the highest, 22.6 percent, among young people aged 15 to 24 years, an increase of 4.3 percentage points year-on-year.
The Mumbai-based think tank’s report showed that urban areas were among the most affected by the crisis.
Listing the names of states among which the state of Bengal registered the lowest ever figure in unemployment, the minister claimed that Gujarat had registered 4.8%, UP 6.4 %, Tamil Nadu 7.6 %, Telangana 7.6 % Rajasthan 5% and Odisha 7.1%.
The government had earlier brushed aside a leaked official report on the country's poor job scenario and maintained that the unemployment data was yet to be finalised.
Earlier in February, the National Sample Survey Office’s (NSSO’s) periodic labour force survey (PLFS) had stated that India’s unemployment rate hit a 45-year high of 6.1 per cent in 2017.
NITI Aayog CEO Amitabh Kant said India is creating an adequate number of jobs for new entrants, but 'probably not high-quality jobs'.
