Amid COVID-19, India’s Unemployment Rate Soars to 27.11%: CMIE
Unemployment levels were at just under 7% before the pandemic crisis in mid-March, the data noted.
According to the latest data shared by the Centre for Monitoring Indian Economy (CMIE), the COVID-19 crisis has led to a spike in the country's unemployment rate to 27.11% for the week ending 3 May, PTI reported.
Unemployment levels were at just under 7% before the pandemic crisis in mid-March, the data noted.
As per the CMIE data, the monthly unemployment rate in April stood at 23.52%, up from March’s 8.74%.
The data pointed to a steady rise in unemployment since the beginning of the coronavirus pandemic in the country, with the week ending 29 March showing the sharpest hike of 23.81%.
As of the end of April, the highest unemployment was seen in Puducherry which had 75.8% unemployment, followed by Tamil Nadu at 49.8%, Jharkhand at 47.1% and Bihar at 46.6%.
The unemployment in states like Maharashtra was 20.9%, while the rate in unemployment in Haryana stood at 43.2%, Uttar Pradesh is at 21.5% and Karnataka’s unemployment was at 29.8%.
Hilly states had the lowest incidence of unemployment as of April, the think tank reportedly said.
(With inputs from PTI)
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