{"id":127819,"date":"2023-01-04T13:22:43","date_gmt":"2023-01-04T07:52:43","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=127819"},"modified":"2023-01-04T13:22:45","modified_gmt":"2023-01-04T07:52:45","slug":"indias-unemployment-rate-rises-to-8-30-in-dec-2022","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/indias-unemployment-rate-rises-to-8-30-in-dec-2022\/","title":{"rendered":"India\u2019s Unemployment Rate Rises to 8.30% in Dec 2022"},"content":{"rendered":"\n<p><strong>India\u2019s Unemployment Rate Rises to 8.30% in Dec 2022:<\/strong> According to information from the Centre for Monitoring Indian Economy, the unemployment rate in India increased to 8.30% in December 2022, the highest level in 16 months (CMIE). It was 8 per cent in the month of November. According to the report, although urban unemployment increased to 10.09% in December from 8.96% in November, rural unemployment decreased to 7.44% from 7.55%.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-january-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">January 2023 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n<p><strong>The Urban-Rural Gap:<\/strong><\/p>\n\n\n\n<p>The urban&nbsp;unemployment rate&nbsp;rose to 10.09% in December from 8.96% in the previous month, while the rural&nbsp;unemployment rate slipped to 7.44% from 7.55%.<\/p>\n\n\n\n<p><strong>Is The Unemployment Data a Worrisome Case:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The rise was \u201cnot as bad as it may seem,\u201d as there was a simultaneous increase in the labour participation rate, which rose to 40.48 per cent in December, the highest in 12 months.<\/li>\n\n\n\n<li>Most importantly, the employment rate has increased in December to 37.1%, which again is the highest since January 2022.<\/li>\n\n\n\n<li>The unemployment rate had declined to 7.2% in the July-September quarter compared to 7.6% in the previous quarter, according to separate quarterly data compiled by state run National Statistical Office (NSO) and released in November.<\/li>\n<\/ul>\n\n\n\n<p><strong>State-wise Unemployment Rate:<\/strong><\/p>\n\n\n\n<p>The unemployment rate in the northern state of Haryana increased to 37.4% in December, while it was 28.5% in Rajasthan and 20.8% in Delhi.<\/p>\n\n\n\n<p><strong>What is Labor Force Participation Rate:<\/strong><\/p>\n\n\n\n<p>Labor Force Participation Rate (LFPR)&nbsp;is known as the section of the working population in the age group of 16-64 in the economy currently&nbsp;employed or either seeking employment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s Unemployment Rate Rises to 8.30% in Dec 2022: According to information from the Centre for Monitoring Indian Economy, the unemployment rate in India increased to 8.30% in December 2022, the highest level in 16 months (CMIE). It was 8 per cent in the month of November. According to the report, although urban unemployment increased [&hellip;]<\/p>\n","protected":false},"author":894,"featured_media":127820,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4996],"tags":[82],"offerexpiration":[],"class_list":["post-127819","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-january-2023","tag-economy-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/127819","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/894"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=127819"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/127819\/revisions"}],"predecessor-version":[{"id":127821,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/127819\/revisions\/127821"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/127820"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=127819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=127819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=127819"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=127819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}