CMIE

India's unemployment rate shot up at 7.80% in June, as the nation recorded 13 million jobs, mainly in the agriculture sector. On July 5, the Centre for Monitoring Indian Economy (CMIE) of think-tank centre released the data. Notably, the massive fall in the number of jobs last month was triggered by a higher unemployment rate in rural areas, which is 8.03%, whereas, in urban areas, the rate is at 7.30%.

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.