Jobs
Weak Rural Labor Market Pushes India’s Jobless Rate Above 8%
- Rural unemployment rate rose to a two-year high in June: CMIE
- Joblessness usually soars in rural India in the month of June
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India’s unemployment rate rose above 8% for the third time this year on the back of seasonal joblessness in rural areas, according to data from a private research firm.
The unemployment rate jumped to 8.45% in June from 7.68% in the previous month, according to the Centre for Monitoring Indian Economy Pvt. While unemployment in urban areas eased to 7.87% last month, rural India saw a two-year high of 8.73%.