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Unemployment rate falls to 9.17% in June

July 02, 2021

Unemployment rate falls to 9.17% in June

India’s employment rate fell to 9.17% in June after a spike to 11.9% in May from 7.97% in April because of the second Covid wave.

As per the Center for Monitoring Indian Economy (CMIE), in June 2021, metropolitan employment rate fell, yet at the same time stayed high at 10.07% contrasted and 14.73% in May. Rustic employment rate in June remained at 8.75% from 10.63% in May.

April and May represented 22.7 million job losses, as indicated by CMIE.

May 2021 was just the fourth month since at least January 2016 when by and large employment rate penetrated the twofold digit mark. In the midst of country-wide lockdown, employment rate went past the mark during April, May and June last year.

The general employment rate arrived at its peak of 23.52% in April last year, however began falling from the following month onwards. In May last year, country’s employment rate was 21.73%. In June last year, it was 10.18%.

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