India's unemployment rate surged to a one-year high of 8.3 percent in August 2022 as employment sequentially fell by 2 million to 394.6 million.
National
According to data from the Centre for Monitoring Indian Economy (CMIE), India's unemployment rate surged to a one-year high of 8.3 percent in August 2022 as employment sequentially fell by 2 million to 394.6 million. During July 2022, the unemployment rate was at 6.8 percent and the employment was 397 million. The urban unemployment rate is usually higher at about 8 percent than the rural unemployment rate, which is usually around 7 percent. In August the urban unemployment rate shot up to 9.6 percent and rural unemployment rate also increased to 7.7 percent. The unemployment rate in rural India rose from 6.1 percent in July to 7.7 percent in August. More importantly, the employment rate fell from 37.6 percent to 37.3 percent. During August 2022, the unemployment was the highest in Haryana at 37.3 percent followed by Jammu and Kashmir at 32.8 percent, Rajasthan at 31.4 percent, Jharkhand at 17.3 percent and Tripura at 16.3 percent.
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