Labour markets and consumer sentiments seem to be subdued in December 2022. While there are six more days to go before the month ends and we get a clearer picture of the contours of the stress, trends in the weekly and the daily 30-day moving average estimations from CMIE’s Consumer Pyramids Household Survey indicate struggles in the labour markets and reservations about the current economic conditions among households.
Last week we had reported a rising trend in the unemployment rate in December. The increase began in October 2022 and continued into December. November 2022 had ended with a high unemployment
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