The unemployment rate of India declined to four-month low at 7.14% in January 2023.

The unemployment rate in India has declined to a four-month low at 7.14% in January 2023, the Centre for Monitoring Indian Economy (CMIE) data has revealed.

* According to the data, the unemployment rate during December 2022 was 8.30%, while in November 2022, it was at 8% and 6.43% in September 2022.

* The data further showed that urban unemployment in January stood at 8.55%, while rural joblessness stood at 6.48%.

* States wise unemployment was the highest in Jammu and Kashmir at 21.8% closely followed by Haryana at 21.7% and Rajasthan at 21.1%. Joblessness in Delhi in January was at 16.7%, Goa at 16.2%, Assam at 16.1% and Tripura at 16%.

* As per the data unemployment was the lowest in states such as Chhattisgarh at 0.5% followed by Odisha at 1.5%, Tamil Nadu at 1.8% and Madhya Pradesh at 1.9%...

Source : Financial Express