India’s Unemployment Rate drops to 6.43 per cent in September: CMIE

India’s Unemployment Rate drops to 6.43 per cent in September: CMIE – India’s unemployment rate drastically declined to 6.43% in the month of September 2022 due to an increase in labour participation in the rural and urban areas, As per the data from the Centre for Monitoring Indian Economy (CMIE). During August, India’s unemployment rate surged to a one-year high of 8.3% as employment sequentially fell by 2 million to 394.6 million.

CMIE managing director Mahesh Vyas said: “In September, the unemployment rate has fallen significantly with an increase in labour participation in both urban and rural areas,”

• The unemployment rate was the highest in Rajasthan at 23.8% in September 2022, followed by Jammu and Kashmir at 23.2%, Haryana at 22.9%, Tripura at 17%, Jharkhand at 12.2% and Bihar at 11.4%. 
• The unemployment was the lowest in Chhattisgarh at 0.1% in September 2022, followed by Assam at 0.4%, Uttrakhand at 0.5%, Madhya Pradesh at 0.9%, Gujarat at 1.6%, Meghalaya at 2.3% and Odisha at 2.9%.

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