Rates Fall

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%.