Sharp Rise in Unemployment Rate in February

Subscribe to GoodReturns
For Quick Alerts
Subscribe Now  
For Quick Alerts
For Daily Alerts

    According to Centre for Monitoring Indian Economy (CMIE), India's unemployment rate reached its highest rate in last 15 months in February 2018.

    Sharp Rise in Unemployment Rate in February

    It had reached a 71-week high in the week ended February 25, 2018, with over 31 million Indian unemployed or actively looking for jobs. This is the highest since October 2016.

    "The unemployment rate increased to 6.1 per cent in February 2018. It was 5 per cent in January," said CMIE's CEO and managing director Mahesh Vyas on their website.

    The article further said, "This seems to suggest that labour that is entering the labour markets in search of jobs is not finding them in sufficient numbers. The only redeeming feature is that labour is returning to the markets after they had left it in a big way after demonetisation."


    Read more about: unemployment rate
    Story first published: Wednesday, March 7, 2018, 12:18 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more