Jubilee Post News & Views
Jubilee News Desk
The overall unemployment rate in India has gone down. Centre for Monitoring Indian Economy’s (CMIE’s) monthly data revealed that the overall unemployment rate in India was 8.10% in February 2022, that came down to 7.6% in March.
Unemployment rate in the country is decreasing with the economy slowly returning to normal, says the CMIE data. The post lockdown period seems to have given respite in the job sector.
On April 2, the ratio further dropped to 7.5% with urban unemployment rate at 8.5% and rural at 7.1%. But the fall isn’t enough to give relief experts say. Though the overall unemployment rate is falling, it is still high for a country like India.
The decrease in the ratio shows that the economy is getting back on track after being hit by Covid-19 for two years. According to the data, Haryana recorded the highest unemployment rate in March at 26.7%, followed by Rajasthan and Jammu and Kashmir at 25% each, Bihar at 14.4%, Tripura at 14.1% and West Bengal at 5.6%.
In April 2021, the overall unemployment rate was 7.97 per cent and shot up to 11.84 per cent in May last year. Karnataka and Gujarat registered the least unemployment rate at 1.8.per cent each in March, 2022.
The migrant labours who had to leave big cities and rush back to their native places when the lockdown began are now gradually returning to work. Many of them have already gone back and a large number of them are still working out weather to go or not as another wave if strikes they will against have to return back.
