India's Unemployment Rate Hits 2-Year High at 10.05% in Oct '23

2023 • 3min • News • Business


Published On: November 02, 2023 - India's unemployment rate was at a 2-year high in October 2023, as per the data by Centre for Monitoring Indian Economy (CMIE). The rate was the highest since May 2021. In October, the overall joblessness rate rose to 10.05% from 7.09% in Sep. In addition, while rural unemployment jumped to 10.82% in Oct, urban unemployment rate eased to 8.44% in the same month. The data curated by CMIE is based on monthly surveys of more than 170,000 households. Join News9's Krishnakumar and Kartik Malhortra for more on this story.