India's Unemployment Rate remained the same at 2.55 % in Dec 2019, from the previously reported number of 2.55 % in Dec 2018. India's Unemployment Rate is updated yearly, available from Dec 1991 to Dec 2019, with an average rate of 2.66 %. The data reached an all-time high of 3.18 % in Dec 2003 and a record low of 2.27 % in Dec 2008. The data is reported by reported by World Bank. The India Unemployment Rate measures the total number of employees in India that are a part of the labor force, but are without a job. Unemployment rates can be a good gauge for how the economy is performing in a particular region. Historically, the India Unemployment Rate reached as high as 4.43% in 2002. The richly populated nation is stumbling with the bubble of unemployment. According to the latest CMIE data, the present rate of unemployment in India is about 7.2% in February 2019, the highest ever since September 2016. Exactly a year back, in February 2018, the unemployment rate in India was hovering just 5.9%. The unemployment rate in India rose to 7.2 percent in February 2019, the highest since September 2016, and also up from 5.9 percent in February 2018, according to the latest data compiled by the Centre for Monitoring Indian Economy (CMIE). Unemployment Rate in India. According to the Centre for Monitoring Indian Economy (CMIE), an economics and business think-tank, as of 2018, unemployment in India had risen to 31 million individuals looking for jobs. The lowest unemployment rate in India was 3.4% (July 2017) but has now risen to 7.1%.
China's real unemployment rate is much higher than the official rate and, when correctly measured, is much closer to that in other nations at similar levels of
The unemployment rate is defined as a number of unemployed people divided by the number of people in the labour force. Labour Force: Persons who are either working (or employed) or seeking or available for work (or unemployed) during the reference period together constitute the labour force. Measure of Unemployment in India Unemployment rate is the percent of the labor force that is without work. Unemployment rate = (Unemployed Workers / Total labor force) X 100 As far as the situation in India was concerned, the longer the reference period, the smaller will be the rate of unemployment and the shorter the reference period, the larger the unemployment rate. Types of Unemployment in India: 1. Open Unemployment: Open unemployment is a situation where in a large section of the labour force does not get a job that may yield them regular income. This type of unemployment can be seen and counted in terms of the number of unemployed persons. As far as the situation in India was concerned, the longer the reference period, the smaller will be the rate of unemployment and the shorter the reference period, the larger the unemployment rate. Current Daily Staus unemployment is the most comprehensive measure of unemployment in India. The unemployment rate in India stood at 6 percent in the 2017-18 fiscal year, the Periodic Labour Force Survey (PLFS) of the National Sample Survey Office (NSSO), showed. Unemployment Rate in India averaged 4.32 percent from 1983 until 2018, reaching an all time high of 8.30 percent in 1983 and a record low of 3.53 percent in 2011. India's Unemployment Rate remained the same at 2.55 % in Dec 2019, from the previously reported number of 2.55 % in Dec 2018. India's Unemployment Rate is updated yearly, available from Dec 1991 to Dec 2019, with an average rate of 2.66 %. The data reached an all-time high of 3.18 % in Dec 2003 and a record low of 2.27 % in Dec 2008. While there is not much variation in the unemployment rate across sectors in 1999-00, there is considerable variation across states. Gujarat, Haryana, Karnataka, Madhya Pradesh, Punjab, Rajasthan and Uttar Pradesh have unemployment rates much lower than the national average, ranging between 4% to 6%. Andhra Pradesh, Assam,
Feb 9, 2019 The Government of India does not produce any measure of monthly unemployment rate, nor does it have any plans to do so. Official plans to
Apr 14, 2015 The official unemployment rate is more a measure of labor market disequilibrium than of labor markets strength or weakness. As economists Jul 3, 2018 Calculating the unemployment rate helps you to better understand the the Current Employment Statistics Survey is measured based on a On current weekly status basis, unemployment rate went up to 4.6 per cent in the rural areas and 6.4 per cent in the urban areas and 3.08 for India as a whole. On current daily status basis, in 2004-05 rate of unemployment rose to 8.2 per cent in rural areas and to 8.3 per cent in the urban areas and 8.2 per cent in case of All India. The unemployment rate is defined as a number of unemployed people divided by the number of people in the labour force. Labour Force: Persons who are either working (or employed) or seeking or available for work (or unemployed) during the reference period together constitute the labour force. Measure of Unemployment in India
