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Urban Unemployment Jumps Up To 12%; Highest In 10 Months

A recent survey by the Centre for Monitoring Indian Economy (CMIE) has indicated that urban unemployment has increased up to 12%. Reportedly, urban unemployment rate clocked 11.72% as of May 9 while, for the week ending April 25, it was 9.55%. CMIE cited state-wise lockdowns for this increase, which is highest in the past 10 months. Moreover, rural unemployment has also surged from 6.37% to 7.29% during the same period.

Wed, 12 May 2021 - 05:45 PM / by Neha Sanjeev

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