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Employment fell in August 2022

This rise in the unemployment rate reflects the inability of the economy to provide adequate jobs at a time when the demand for jobs from people increased

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Mahesh Vyas
India did not do very well on the employment front in August 2022. The unemployment rate shot up to 8.3 per cent, which was the highest compared to the rates in the past 12 months. This rise in the unemployment rate reflects the inability of the economy to provide adequate jobs at a time when the demand for jobs from people increased.
India’s labour force grew by 4 million to reach 430 million in August. This reflects an increase in the demand for employment. The additional demand has come from labour that was earlier on the periphery of the labour markets.
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First Published: Sep 12 2022 | 11:59 PM IST

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