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India’s October Jobless Rate Rises To 8.5%, Highest In Over 3 Years – CMIE

Nov 1, 2019 | Pratirodh Bureau

FILE PHOTO: Job seekers attend a job fair organised by the employment department of the Delhi state government in New Delhi on January 21, 2019

India’s unemployment rate in October rose to 8.5%, the highest since August 2016, and up from 7.2% in September, according to data released by the Centre for Monitoring Indian Economy (CMIE) on Friday, reflecting the impact of a slowdown in the economy.

India’s infrastructure output fell 5.2% in September from a year earlier, the worst performance in years, government data showed on Thursday, while the industrial output shrank at its fastest rate in more than six years in August.

Tags: Centre for Monitoring Indian Economy, CMIE, industrial output, infrastructure output, unemployment

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