New Delhi: India's unemployment rate fell by three percentage points to 23.91% in the week ended 10 May as agricultural activity picked up and businesses restarted gradually in parts of India.
According to the Centre for Monitoring of Indian Economy (CMIE), India's job loss rate tapered to 23.91% in the week ended 10 May from 27.11% in the week ended 3 May.
While rural unemployment rate declined four percentage points, indicative of activities including agriculture work during a harvest season, the decline in urban jobless rate was lowest underlining how cities are still struggling to recover amid rising covid-19 cases.