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India's unemployment rate increased to a four-month high. The unemployment rate rose to 8.11% in April

In April, India's unemployment rate rose to a four-month high

India's unemployment rate increased to a four-month high. The unemployment rate rose to 8.11% in April

India's unemployment rate increased to a four-month high as more people entered the labour force than there were jobs available in Asia's third-largest economy.
The national unemployment rate increased from 7.8% in March to 8.11% in April, which is the highest level since December. According to data from the research firm Centre for Monitoring India Economy, urban unemployment increased to 9.81% from 8.51% in the same time while rural unemployment decreased slightly to 7.34% in April from 7.47% a month earlier.
According to CMIE data, rural areas created more jobs than urban areas. Only 54.8% of job seekers in urban areas found employment, compared to 94.6% of those who entered the labour force in rural areas. The results of CMIE are consistent with declining demand for the government's job guarantee programme in rural areas.
The Reserve Bank of India stated in its April bulletin that higher winter crop planting and a recovery in the informal sector employment had led to a moderation in demand for labour under the Mahatma Gandhi National Rural Employment Guarantee Act since January.
&nbsp;

Congress leader Rahul Gandhi on Friday hit out at Prime Minister Narendra Modi and his government after data showed there were 15 lakh fewer job opportunities in August as compared to July.
The attack came after CMIE (Centre for Monitoring Indian Economy) data indicated that national unemployment jumped to 8.32 per cent last month - from 6.96 per cent in July
The Congress MP, who has been fiercely critical of the Modi government's economic policies said that the Modi government is "harmful for employment".
Rahul Gandhi further claimed the government does not promote or support any kind of business or employment but wants countrymen to be pretend to be self-reliant.
The warning is &lsquo;Issued in public interest&rsquo;, Gandhi, who has frequently attacked the government over "crony capitalism" added.
&nbsp;

'Harmful for employment': Rahul Gandhi hits out at Modi govt after jobs data

Rahul Gandhi hit out at Narendra Modi&nbsp;led government&nbsp;after CMIE&nbsp; data indicated that national unemployment jumped to 8.32% last month from 6.96% in July. Congress leader said govt is 'harmful for employment'

CMIE&nbsp;data: unemployment at 8.32% last month, up from 6.96% in July
Rahul&nbsp;Gandhi hit out at Modi govt after CMIE&nbsp;data on national unemployment
15 lakh fewer job opportunities in August as compared to July
Congress leader Rahul&nbsp;Gandhi: Modi&nbsp;govt harmful for employment
Rahul Gandhi claimed govt doesn't promote or support any kind of business

Rahul Gandhi hit out at Narendra Modi&nbsp;led government&nbsp;after CMIE&nbsp; data indicated that national unemployment jumped to 8.32% last month from 6.96% in July

Congress leader Rahul Gandhi on Friday hit out at Prime Minister Narendra Modi and his government after data showed there were 15 lakh fewer job opportunities in August as compared to July.
The attack came after CMIE (Centre for Monitoring Indian Economy) data indicated that national unemployment jumped to 8.32 per cent last month - from 6.96 per cent in July
The Congress MP, who has been fiercely critical of the Modi government's economic policies said that the Modi government is "harmful for employment".
Rahul Gandhi further claimed the government does not promote or support any kind of business or employment but wants countrymen to be pretend to be self-reliant.
The warning is &lsquo;Issued in public interest&rsquo;, Gandhi, who has frequently attacked the government over "crony capitalism" added.
&nbsp;

The&nbsp;unemployment&nbsp;rate in both, rural and urban India climbed up in the week ended 25 July, reversing the proceeds made in a week ago period, fresh data from the Centre for Monitoring Indian Economy (CMIE) showed on Monday.
The national joblessness rate climbed to 7.14% in the week ended 25 July as against 5.98% in the previous week ended 18 July. However, rural unemployment took a sharp upward turn to 6.75% from 5.1% a week ago.&nbsp;
In comparison, there has been a marginal rise in urban employment for the same period. Urban unemployment rose to 8.01 per cent in the week ended July 25, rising marginally from 7.94 per cent a week ago.
The situation in the country&rsquo;s job market continues to be tough as employment opportunities remain slim ever since the country was hit by the second wave of the pandemic.
&nbsp;

Joblessness rises: CMIE data shows unemployment rises in cities and villages

Jobs data paints a bleak picture for rural India as CMIE data shows sharp spike in unemployment.&nbsp;

CMIE: Unemployment rate increases in both urban and rural India 

<ul>
<li>CMIE: Rise in weekly unemployment rate in both rural &amp; urban areas</li>
<li>National joblessness rate climbed to 7.14% against 5.98%</li>
<li>Sharp rise in rural unemployment, from 5.1% to&nbsp;6.75%&nbsp;</li>
<li>Urban unemployment rose to 8.01%, the week ended July 25</li>
</ul>

The latest data from the Center for Monitoring Indian Economy (CMIE) shows that the unemployment rate in rural and urban India has increased till July 25.&nbsp;

Sharp rise in the&nbsp;unemployment&nbsp;rate in rural&nbsp;areas and a marginal jump in job losses in&nbsp;urban India in the week ended 25 July data from the Centre for Monitoring Indian Economy (CMIE) showed.
The national joblessness rate climbed to 7.14% in the week ended 25 July as against 5.98% in the previous week ended 18 July. However, rural unemployment took a sharp upward turn to 6.75% from 5.1% a week ago.&nbsp;
In comparison, there has been a marginal rise in urban unemployment for the same period. Urban unemployment rose to 8.01 per cent in the week ended July 25, rising marginally from 7.94 per cent a week ago.
The situation in the country&rsquo;s job market continues to be tough as employment opportunities remain slim as ever since the country was hit by the second wave of the pandemic.
&nbsp;

Jobs getting hit badly in the second wave, CMIE&nbsp;data shows that 10 million Indians lost their job because of Covid-19 second wave.&nbsp;Mahesh Vyas&nbsp;CEO of Centre for Monitoring Indian Economy (CMIE) told PTI&nbsp;that over 97%&nbsp;of households' incomes have declined since the beginning of the pandemic last year.
The unemployment rate is expected to soar to 12 per cent at the end of May as against 8 per cent in April as per the think tank.&nbsp;Unemployment rate had touched a record high of 23.5% in May 2020 because of the national lockdown.

Hit by second wave, 1 crore Indians left jobless

Hit by second wave, 1 crore Indians left jobless as unemployment set to soar to 12%

Jobs getting hit badly in the second wave, CMIE&nbsp;data shows that 10 million Indians lost their job because of Covid-19 second wave.&nbsp; Mahesh Vyas&nbsp;CEO of Centre for Monitoring Indian Economy (CMIE) told PTI&nbsp;that over 97%&nbsp;of households' incomes have declined since the beginning of the pandemic last year.
The unemployment rate is expected to soar to 12 per cent at the end of May as against 8 per cent in April as per the think tank.&nbsp;Unemployment rate had touched a record high of 23.5% in May 2020 because of the national lockdown.

CMIE: Projects worth ₹9.9 lakh crore stalled till September 2020

According to a report by industry think tank, Centre for Monitoring Indian Economy (CMIE), implementation of projects worth ₹9.9 lakh crore was stalled during the first 9 months of 2020, till September 30. The coronavirus-led nationwide lockdown and severe labour disruption caused this, the study added. The study also showed that another 8 projects worth ₹6,200 crore were stalled in the April-June quarter of the current fiscal. The study showed that around ₹4,100 crore worth of projects whose implementation was stalled were abandoned during the first nine months of 2020. Just before the lockdown, this averaged at over ₹10,000 crore.

Projects worth ₹9.9 lakh cr&nbsp;stalled till September 2020: CMIE
Nationwide lockdown and labour migration root cause: CMIE
8 projects worth ₹6,200 cr&nbsp;stalled in the April-June quarter
₹4,100 crore worth of stalled projects were abandoned

According to a report by industry think tank, Centre for Monitoring Indian Economy (CMIE), implementation of projects worth ₹9.9 lakh crore was stalled during the first 9 months of 2020, till September 30. The coronavirus-led nationwide lockdown and severe labour disruption caused this, the study added. The study also showed that another 8 projects worth ₹6,200 crore were stalled in the April-June quarter of the current fiscal. The study showed that around ₹4,100 crore worth of projects whose implementation was stalled were abandoned during the first nine months of 2020. Just before the lockdown, this averaged at over ₹10,000 crore.

cmie

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