India’s unemployment rate reached a 16-month high of 8.3 per cent in December 2022 according to a report by the Centre for Monitoring Indian Economy (CMIE). CMIE added that the increase was partly due to the increase in the labour participation rate. The urban unemployment rate increased to 10.09 per cent in December while the rural unemployment rate was marginally lower at 7.44 per cent. At 37.4 per cent, Haryana reported the highest unemployment rate among states, followed by Rajasthan at 28.5 per cent and Delhi at 20.8 per cent.
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