Rural pain pushes India's unemployment rate up to 7.7% in October: CMIE

The report said the decline in employment was mostly in rural India and mainly in non-agricultural rural India and the daily wage labourer segment was the most hit as it shrunk by nearly 15 million

A significant increase in the rural unemployment rate pushed the overall unemployment rate in India to 7.7 per cent last month, reversing the decline seen in September, reported The Economic Times. The unemployment rate had dropped to 6.43 per cent in September, the lowest in four years.

According to the data from the Centre for Monitoring Indian Economy, the rural unemployment rate was 8.04 per cent in October; it was 5.84 per cent in September. The data also showed that the urban unemployment fell in October to 7.21 per cent, a decline of nearly 0.5 percentage points when compared to