The unemployment rate, as measured by the BSE-CMIE initiative, remained low during November and December 2016. At 5.7 per cent in November and 6 per cent in December, the rates were lower than October’s 6.3 per cent and much lower than the January-September average of 9 per cent.
This fall in unemployment during November and December is counter-intuitive and does not tally with the numerous reports filed by journalists after the government’s demonetisation move.
It is counter-intuitive because demonetisation was expected to raise unemployment. There simply wasn’t enough cash in the market to make payments to agricultural and
This fall in unemployment during November and December is counter-intuitive and does not tally with the numerous reports filed by journalists after the government’s demonetisation move.
It is counter-intuitive because demonetisation was expected to raise unemployment. There simply wasn’t enough cash in the market to make payments to agricultural and
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