RISING UNEMPLOYMENT IS BEING IGNORED BY THE MODI GOVT
FEBRUARY DATA EXPOSES THE COMPLACENCY OF THE CENTRE
2022-03-04 10:33
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February 2022 data on unemployment is even more frustrating amidst the Modi government’s claim that the employment opportunities are on the rise in India. Unemployment rate actually rose to 8.1 per cent from 6.57 per cent in January showing worsening the condition by 1.53 per cent just in a month. Rural unemployment rose more sharply by 2.51 per cent in a month to 8.35 per cent in February as against 5.84 per cent in January, while urban unemployment situation improved a little by 0.61 per cent and ended at 7.55 per cent, still higher than 7.27 per cent a year ago in March 2021. The CMIE data shows that the unemployment rate for February 2022 was worst in the last six months when it was 6.86 per cent in September 2021.