Unemployment rate surges to 7.77% in Oct

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Unemployment rate surges to 7.77% in Oct

Unemployment rate in the country in October rose to 7.77 percent compared to 6.43 percent in September, according to data released by Centre for Monitoring Indian Economy (CMIE).
Six out of the 25 states showed an unemployment rate in double figures.
These included Haryana at 31.8 percent, Rajasthan at 30.7 percent, Jammu and Kashmir at 22.4 percent, Jharkhand at 16.5 percent, Bihar at 14.5 percent and Tripura at 10.5 percent.
Madhya Pradesh recorded the lowest unemployment rate at 0.9 percent, followed by Chhattisgarh at 0.9 percent, Odisha at 1.1 percent, and Gujrat at 1.7 percent.
The CMIE data further revealed that the rural unemployment rate rose to 8.04 percent in October from 5.84 percent in September.
At the same time, the urban unemployment rate slid to 7.21 percent in October compared to 7.7 percent in September.

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