The Center for Monitoring Indian Economy’s report released on the unemployment rate showed that this rate increased to 7.9 percent in December, compared to 7 percent in November. The figures for December are the highest since August, when the rate was 8.3 percent.
New Delhi: The unemployment rate in the country has reached a four-month high in the month of December.
This was revealed from the report released on Monday on the unemployment rate of the Center for Monitoring Indian Economy (CMIE).
According to a Reuters report, according to CMII data, the unemployment rate rose to 7.9 percent in December, compared to seven percent in November.
The unemployment rate in December is the highest since August. It was 8.3 per cent in August.
Economic activity and consumer sentiment have been affected in the country after the increase in cases of Omicron corona virus variants and social distancing restrictions in many states.
According to the data, the urban unemployment rate rose to 9.3 per cent in December, compared to 8.2 per cent in November.
At the same time, the rural unemployment rate rose to 7.3 percent in December from 6.4 percent in November.
Many economists worry that the Omicron variant could reverse the economic recovery seen in the last quarter.
The Mumbai-based CMIE data on unemployment is closely monitored by economists and policy makers as the government does not release monthly figures.
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