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LATEST NEWS UPDATES | Jobless rate surges as factories slump

Jobless rate surges as factories slump

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published Published on Nov 4, 2019   modified Modified on Oct 2, 2020
-The Telegraph

Highest unemployment rate since August 2016

Mumbai: The gloom and doom scenario in India’s economy darkened a little more on Friday after an independent database company threw up an alarming statistic: the unemployment rate in October had surged to 8.48 per cent — the highest since August 2016.
 
Unemployment
 
The Centre for Monitoring Indian Economy (CMIE) — a respected private researcher — said the unemployment rate in urban India was 8.89 per cent and in the rural sector, 8.28 per cent.

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The Telegraph, 2 November, 2019, https://www.telegraphindia.com/india/jobless-rate-surges-as-factories-slump/cid/1716222


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