India’s falling jobless rate
- January 4, 2022
- Posted by: OptimizeIAS Team
- Category: DPN Topics
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India’s falling jobless rate
Subject – Economy
Context – Jobless rate touches ‘4-mth high’
Concept –
- India’s unemployment rate touched a four-month high of 7.9 per cent in December, data from the Centre for Monitoring Indian Economy (CMIE) showed.
What are the risks to employment?
- Urban unemployment rate on a weekly level had spiked to a double-digit rate to around 10.09 per cent in mid-December.
- Urban employment is a proxy for better paying jobs and a decline in these numbers reflects impact on better-paying organised sector’s jobs.
- With Covid-19 cases on the rise amid the threat posed by the Omicron variant and many states imposing fresh curbs, economic activity and consumption levels have been affected. This could adversely affect economic recovery further going ahead.
To know about Unemployment, please refer September 2021 DPN.