Unemployment rate rises in April

The notable rise in LPR and employment rate in India in the month of April reflects an increase in willingness among people to seek employment

CMIE released data on India’s labour markets for April 2023 on Monday, May 1. Employment and unemployment increased in April compared to earlier months.

India’s unemployment rate increased in April to 8.11 per cent from 7.8 per cent in March 2023. The unemployment rate has been on an upward trend since the start of the year, recording an increase for the fourth consecutive month. It was 7.14 per cent in January 2023. Compared to this, the unemployment rate in April is 0.97 percentage points higher. Over the past 12 months, the unemployment rate ranged between 6.4 per cent and 8.3