India's unemployment rate falls to 12-month low in Sep

  • IANS
  • Stock Market News
India's unemployment rate falls to 12-month low in Sep
Credit: © Reuters.

Mumbai, Oct 2 (IANS) India's unemployment rate fell to its lowest level in 12 months during September as the number of those without jobs declined in both rural and urban areas of the country, according to data compiled by the Centre for Monitoring Indian Economy (CMIE).The overall unemployment rate declined to 7.09 per cent in September down from 8.10 per cent in August. The figures mark a reversal as the unemployment rate in August had shot up in August from 7.9 per cent in July.

India's monsoon rainfall this year was its lowest since 2018 as the El Nino weather pattern made August the driest in more than a century, according to the weather department.

However, the rains picked up momentum again in September which had led to a revival in farm activity that appears to have created more jobs in the rural areas during the month.

Similarly, urban unemployment appears to have come down as key festivities gather momentum in September with Ganesh Chaturthi leading to more hiring, especially in the retail sector, that is also done keeping in mind that the Diwali and Dussehra festivals will follow soon after.

--IANS

pannu/pgh

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  • vikas wavhal @vikas wavhal
    only on paper not actually
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    • Vivek Purav @Vivek Purav
      how you come to know it's on paper. You count or what? Simply say anything because God has given you a tongue
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  • ARYAN R @ARYAN R
    looks like government taking upi payement data telling its employment data
    Like 1
    • Vivek Purav @Vivek Purav
      You have payment data then show it. Don't talk in the air.
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  • Rama Shankar @Rama Shankar
    What a jock..... are they working in NAREGA?
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  • cmx Gold @cmx Gold
    12 month?? it is atleast 5 yrs lowest employment. PHD are doing jobs for 10000 . what a great employment.
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    • Narmada Furniture @Narmada Furniture
      PhD pm🤣🤣
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