Unemployment rate rising in December

The unemployment rate was over 8% in all three weeks that ended in December

The unemployment rate is rising in India. It was high in November, at 8 per cent. After the lockdown shocks, the unemployment rate has hovered in the 6 to 8 per cent range. The 8 per cent unemployment rate of November was therefore at the higher end of this range. Earlier, in October too, the unemployment rate was close to the higher end of the range. The month had ended with an unemployment rate of 7.8 per cent.

Now in December 2022, the unemployment rate threatens to breach this upper end of the range observed since the lockdowns.

The unemployment