Unemployment soars in India

Over 1.5 million Indians from formal and informal sectors have lost jobs in August Says the report by the Centre for Monitoring Indian Economy (CMIE) The number of the employed reduced to 397.78 mn in August from 399.38 mn in July Rural India alone has faced nearly 1.3 mn job losses CMIE says the national unemployment rate rose to 8.32% in August from 6.95% in July Urban unemployment rose to 9.78% in August from 8.3% in July Rural unemployment escalated to 7.64% in August against the 6.34% in July The drop has led to a surge in the labour participation rate CMIE data says 36 million people were actively looking for jobs in August compared to the 30 mn in July Experts say the trend might continue for a few more months The recovery will depend upon the economic growth and how well the country controls the third wave of coronavirus Subscribe Channeliam YouTube Channels here: Malayalam ►    / channelim   English ►    / channeliamenglish   Hindi ►    / channeliamhindi   Stay connected with us on: ►   / channeliampage   ►   / channeliam   ►   / channeliamdotcom   ►   / channeliam   #Unemployment #India #Jobs #jobless #CMIE #channeliam