CountryUnemployment rate reaches four-month high, 7.91% in December 2021: CMIE

Unemployment rate reaches four-month high, 7.91% in December 2021: CMIE

The unemployment rate in the country rose to a four-month high of 7.91 percent in December 2021.

According to data released by the Center for Monitoring Indian Economy (CMIE) on Monday, the unemployment rate in the month of November was 7 percent.

This figure of unemployment is the highest since August. The unemployment rate at that time was 8.3 percent.

According to the data, the unemployment rate in cities was 9.30 percent in December, which was 8.21 percent in November, 2021. At the same time, the unemployment rate in rural areas was 7.28 percent, which was 6.44 percent in the previous month.

CMIE Managing Director and Chief Executive Officer Mahesh Vyas told PTI-language that employment has increased in December 2021 but the number of job seekers is more than that.

“It is a good sign as the arrivals in the labor market were high. About 83 lakh additional people were looking for jobs. However, only 40 lakh job seekers got employment.

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