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LATEST NEWS UPDATES | Sharp increase in unemployment rate -Mahesh Vyas

Sharp increase in unemployment rate -Mahesh Vyas

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published Published on Mar 2, 2018   modified Modified on Mar 2, 2018
-CMIE.com/ Business Standard

The unemployment rate reached a 71-week high in the week ended February 25. It is possible that February 2018 will end with the highest unemployment rate in the last 15 or 16 months.

The unemployment rate has been rising steadily since July 2017. During last July, the unemployment rate had reached its lowest level of 3.4 per cent. The unemployment rate had been falling steeply and almost steadily since the demonetisation in November 2016.

The rate rose in August 2017 and continued to rise till it stabilised around 5 per cent between October 2017 and January 2018.

During the current month of February, the rate has been rising steadily well beyond this 5 per cent level. It was 5.5 per cent during the week ended February 4. In the next week it rose to 6.8 per cent and then 6.7 per cent. During the most recent week ended February 25, the unemployment rate was at 7.1 per cent.

Please click here to read more.

CMIE.com, 27 February, 2018, https://cmie.com/kommon/bin/sr.php?kall=warticle&dt=2018-02-27%2009:45:02&msec=506


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