Urban jobless rate eases in Q1
Unemployment rate in India dipped to 7.6% in June qtr across genders from 8.2% in March qtr and 12.6% in previous corresponding qtr
Urban jobless rate eases in Q1
New Delhi: India's urban unemployment rate rose remarkably in the April-June quarter, revealed National Statistical Office (NSO). It had dipped to 7.6 per cent during the April-June quarter from 12.6 per cent during the corresponding quarter a year ago.
It is a clear indication that the country's economy is coming out of the grip of Covid-induced slowdown. India's urban unemployment rate improved across genders and age groups to its best-ever level in the quarter ending June 2022.
India's headline urban unemployment rate was 7.6 per cent in the quarter ending this June, compared to 8.2 per cent in the quarter ending March, 12.7 per cent in the June quarter of 2021-22, and 8.9 per cent in the June quarter of 2019-20.
Joblessness was high in April-June 2021 mainly due to the staggering impact of Covid-related restrictions in the country.
