UNEMPLOYMENT REPORT

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Context

• India’s unemployment rate rose to 8.30% in December, the highest in 16 months, from 8.00% in the previous month, data from the Centre for Monitoring Indian Economy showed on January 1.

Findings of the Report

• The urban unemployment rate rose to 10.09% in December from 8.96% in the previous month, while the rural unemployment rate slipped to 7.44% from 7.55%, the data showed.
• In December, the unemployment rate rose to 37.4% in Haryana, followed by 28.5% in Rajasthan and 20.8% in Delhi.

Closing Thoughts

• Containing high inflation and creating jobs for millions of young people entering the job market remain the biggest challenge.
• 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.

Must Read: https://www.iasgyan.in/daily-current-affairs/unemployment-in-india-9

https://www.thehindu.com/news/national/indias-unemployment-rate-rises-to-830-in-december-highest-in-16-months-report/article66326649.ece