CMIE Report

India’s unemployment rate stood at 6.57%

22 Mar, 2022
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Rank and Indices : CMIE Report: India’s unemployment rate stood at 6.57%

  • The unemployment rate in India in January 2022 fell sharply to 6.57%, according to the data from the economic think-tank, the Centre for Monitoring Indian Economy (CMIE). This is the lowest rate witnessed since March 2021.
  • In December 2021, the unemployment rate rose to a four-month high of 7.91%, compared to 6.97% in November. CMIE is a Mumbai-based independent non-government entity that serves both as an economic think-tank as well as a business information company.

State-wise lowest unemployment rate:

  • Telangana recorded the lowest unemployment rate in January at 0.7%.
  • This was followed by Gujarat at 1.2%, Meghalaya at 1.5%, Odisha at 1.8% and Karnataka at 2.9%.
  • State-wise highest unemployment rate:
  • Haryana witnessed the highest unemployment rate of 23.4% in January 2022. It was followed by Rajasthan (18.9%), Tripura (17.1%), Jammu & Kashmir (15%) and Delhi (14.1%).