India’s unemployment rate increases to 1-year high of 8.3% in August

As per the Centre for Monitoring Indian Economy data, the unemployment rate of India has been surged to a one-year high of 8.3% in August 2022, as employment sequentially fell by 2 million to 394.6 million. In August, the urban unemployment rate has been increased to 9.6% and rural unemployment rate also increased to 7.7%.

In July 2022, the unemployment rate was at 6.8% and the employment was 397 million. In August, the unemployment was the highest in Haryana (37.3%).