: CMIE pegs unemployment at 8.28% in August #FinanceIndia #StockMarketNEWS CMIE pegs unemployment at 8.28% in August New Delhi, Sept 2 (KNN) The rate of unemployment in August stood at 8.28 per cent

@StockMarketNEWS Tue 06 Sep, 2022

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CMIE pegs unemployment at 8.28% in August #FinanceIndia #StockMarketNEWS
CMIE pegs unemployment at 8.28% in August New Delhi, Sept 2 (KNN) The rate of unemployment in August stood at 8.28 per cent which is a rise from a low of 6.8 per cent in July, said Centre for monitoring Indian economy (CMIE).

Since the past one year this is the highest rate of joblessness, as it was 8.32 per cent in August 2021.

In February, 2022 it rose to 8.11 per cent crossing the 8 per cent mark.

As compared to Julys rate of 8.21 per cent unemployment rate in urban areas jumped to 9.57 per cent in August.

"India has generated less jobs compared to the number of people who joined the labour force. In August, four million people came into the labour force compared to July. The Indian economy couldnt produce so many jobs," said Mahesh Vyas, Managing Director and CEO, CMIE.

Rural joblessness also increased but remained lower than urban unemployment rate at 7.68 per cent in August.

Rural unemployment was at 6.14 per cent in July 2022.

According to state wise data, unemployment rate was highest in Haryana at 37.3 per cent in August, followed by Jammu and Kashmir (32.8 per cent) and Rajasthan (31.4 per cent).

It was in double digits in States like Jharkhand (17.3 per cent), Tripura (16.3 per cent), Goa (13.7 per cent) and Bihar (12.8 per cent). (KNN Bureau)