What is the rise in the Unemployment rate in India in December 2022?
Answer with explanationAnswer: Option A
The unemployment rate in India rose to 8.30 per cent in December 2022, the highest in 16 months, according to data from the Centre for Monitoring Indian Economy (CMIE). It was 8 per cent in November. While urban unemployment rose to 10.09 per cent in December, from 8.96 per cent in November, rural unemployment moved to 7.44% from 7.55%, the data revealed. The urban unemployment rate rose to 10.09% in December from 8.96% in the previous month, while the rural unemployment rate slipped to 7.44% from 7.55%. The rise was “not as bad as it may seem,” as there was a simultaneous increase in the labour participation rate, which rose to 40.48 per cent in December, the highest in 12 months. Most importantly, the employment rate increased in December to 37.1%, which again is the highest since January 2022.
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