One in every four in rural India unemployed, urban joblessness at 1-month low -Prashant K Nanda
* Rural unemployment rate has been growing for the last couple of weeks despite rural economy opening up gradually
* Economists believe despite the opening up of the economy, it will take time for unemployment situation to come back to the pre-covid time
NEW DELHI: India’s rural unemployment rate climbed to 25.09% in the week ended 24 May from 22.79% in the previous week, while urban unemployment rate declined by over four percentage points during this period, data from the Centre for Monitoring of Indian Economy (CMIE) showed Monday.
Rural unemployment rate has been growing for the last couple of weeks despite rural economy opening up gradually. The 25.09% job loss rate means one out of every four workers in rural India is unemployed, and the situation may worsen as millions travel back to villages.
Indian Railways has said since May 1, it has transported 3.5 million migrants through its Shramik Special trains and the national carrier is set to transport 3.6 million more in the next 8-10 days. With more migrants walking back home or taking interstate bus services there would be an overall labour surplus in rural India.
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Livemint.com, 25 May, 2020, https://www.livemint.com/news/india/one-in-every-four-in-rural-india-unemployed-urban-joblessness-at-1-month-low-11590381807014.html