Urban unemployment rises to 8.2%, hits 11-month high

The BSE-CMIE effort at measuring unemployment in India has completed five Waves of surveys. The survey is conducted over a panel of about 160,000 households

Unemployment is inching up. In the week ended October 8, it was 5.8 per cent compared to 5 per cent in the preceding week. In urban India, unemployment was 8.2 per cent. This is the highest unemployment rate in urban India in the past 11 months. Urban labour participation rate has recovered to its level during the last December-January period.

The rise in labour participation rate and the unemployment rate shows that labour is returning back to the labour markets but, it isn't finding jobs.

The fall in labour participation rate began soon after demonetisation. We are probably seeing