India’s unemployment rate in January 2022 stood at 6.57%; Telangana witnessed lowest unemployment rate and Haryana recorded highest unemployment rate: CMIE Report

India’s unemployment rate in January 2022 stood at 6.57%; Telangana witnessed lowest unemployment rate and Haryana recorded highest unemployment rate: CMIE Report

  • The unemployment rate in India in January 2022 fell sharply to 6.57%, according to the data from think-tank,  Centre for Monitoring Indian Economy (CMIE). This is the lowest rate witnessed since March 2021.
  • In December 2021, the unemployment rate rose to a four-month high of 7.91%, compared to 6.97% in November.
  • State with lowest unemployment rate
    • Telangana recorded lowest unemployment rate in January at 0.7%.
    • This was followed by Gujarat at 1.2%, Meghalaya at 1.5%, Odisha at 1.8% and Karnataka at 2.9%.
  • State with highest unemployment rate
    • Haryana witnessed highest unemployment rate of 23.4% in January 2022. It was followed by Rajasthan (18.9%), Tripura (17.1%), Jammu & Kashmir (15%) and Delhi (14.1%).
  • Area wise data showed that the rural unemployment in January 2022 declined to 5.84% as against 7.28% in December 2021.
    • The urban unemployment was recorded at 8.16% compared to 9.30% in December 2021.
  • CMIE is a Mumbai-based independent non-government entity that serves both as an economic think-tank as well as a business information company.

Points to Remember:

  1. Rate of unemployment in India in January 2022, as per the data by CMIE?
  2. Which state witnessed highest unemployment rate in January 2022
  3. Which state witnessed lowest unemployment rate in January 2022?
  4. Headquarter of CMIE

Source: Economic Times

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