As per the recent data released by the Centre for Monitoring Indian Economy (CMIE) India’s unemployment rate rose to 8.30% in December which is the highest in 16 months.
Last month’s unemployment rate was 8.00%. The urban unemployment rate rose to 10.09% in December from 8.96% in the previous month.
On the other end, the rural unemployment rate slipped to 7.44% from 7.55%.
Mahesh Vyas, managing director of the CMIE said the rise in the unemployment rate was “not as bad as it may seem.”
“Most importantly, the employment rate has increased in December to 37.1%, which again is the highest since January 2022,” he added.
The Thiruvananthapuram MP said, “No other state is showing such concerning figures of unemployment among the youth. In other states, those uneducated or unskilled are the ones lacking jobs.”
“However, in Kerala, everyone is literate, educated, and has passed class 10, yet a lot of them do not have jobs,” the Thiruvananthapuram MP added.
“India needs to move from a single focus on GDP growth to growth with employment, skilling of youth and creating production capacities with export prospects,” Congress leader Rahul Gandhi said.
According to CMIE statistics, the jobless rate in Haryana jumped to 37.4% in December, followed by 28.5% in Rajasthan and 20.8% in Delhi.