Rural unemployment at four-month low on good rains, NREGA
4 years, 6 months ago

Rural unemployment at four-month low on good rains, NREGA

Live Mint  

Amid plentiful rains, increased sowing and the return of workers to cities, unemployment in India’s countryside fell to a four-month low in the week ended 12 July, while continuing curbs limited the improvement in towns and cities. According to latest data from the Centre for Monitoring Indian Economy, the rural joblessness rate slowed to 6.34% from the previous week’s 7.78%. CMIE data showed urban unemployment continues to be sticky, though it fell 1.3 percentage points in the week to 12 July over the previous week. It said urban unemployment rate tapered to 9.92% in the week to 12 July over the week to 5 July, which is still much higher than pre-covid weeks.

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