Relief on the employment front: Unemployment rate came down to 7.6% in March, Chhattisgarh at the forefront of providing employment

India’s unemployment rate has seen a decline in March. The unemployment rate in the country, which stood at 8.10% in February, declined to 7.6% in March, according to monthly data from the Center for Monitoring Indian Economy (CMIE). According to CMIE data, the urban unemployment rate in March 2022 stood at 8.5% and for rural areas it was 7.1%. Chhattisgarh remained at the fore in terms of employment. The unemployment rate here was the lowest in the country at 0.6%.

The unemployment rate reached 11.84% in May
According to CMIE, the unemployment rate reached 11.84% in May 2021. Although after that it saw a decline and it came to 6.57% in January 2022, but in February it again reached 8.10% which now came down to 7.60%.

Unemployment rate reflects the health of the economy
According to CMIE, the unemployment rate accurately reflects the health of the Indian economy, because it tells how many unemployed people are in the total population of the country. The think tank expects the start of sowing of the Rabi crop to see a spurt. This means that the agri sector will once again perform well in the current financial year. Due to this the migrant laborers will return to the fields.

lowest unemployment in chhattisgarh and highest in haryana
According to CMIE, the unemployment rate in Chhattisgarh reached the lowest ever level of 0.6% in March. This is the lowest unemployment rate in the country. Haryana has the highest unemployment rate of 26.7%.

How is the unemployment rate determined?
The unemployment rate at 7.6% in December means that 76 out of every 1000 workers willing to work could not find work. CMIE conducts door-to-door survey of people above 15 years of age every month and inquires about their employment status. After that a report is prepared from the results obtained.