India's jobless rate rises to three-month high of 8% in Nov: CMIE information.              

According to data from the Center for Monitoring Indian Financial System (CMIE), India's unemployment rate increased to 8.0% in November, the highest level in three months, from 7.7% the previous month. 

 

 

New Delhi (Reuters) -India's unemployment rate rose to 8.0% in November 2022, the highest in three months, from 7.77% within the previous month, statistics from the Center for Monitoring Indian Financial System (CMIE) confirmed on Thursday.

 

According to the data, the urban unemployment rate increased to 8.96% in November from 7.21% the previous month, while the agricultural unemployment rate decreased to 7.50% from 8.04%.

 

The facts from the primarily Mumbai-based CMIE are carefully watched with the aid of economists and policymakers because the government does not release its own month-to-month figures.