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India – Jobless rate jumps to 7.83% in April (Reuters)

04 May 2022

India's unemployment rate rose to 7.83% in April from 7.60% in March, reports Reuters, citing data from the Centre for Monitoring Indian Economy (CMIE). At the same time, the urban unemployment rate rose to 9.22% in April from 8.28% the previous month, while the rural unemployment rate eased to 7.18% from 7.29%. The highest unemployment rate of 34.5% was recorded in the northern state of Haryana, followed by 28.8% in Rajasthan. The labour force participation rate slipped to 39.5% in March 2022 from 43.7% in March 2019, according to CMIE's earlier data, as millions lost jobs during the pandemic. Economists also said job opportunities have been hit by sluggish domestic demand and the slow pace of economic recovery amid rising prices.