NEW DELHI : India’s rural job loss rate has shown the highest improvement over the past two months, underscoring the impact of the easing of coronavirus-induced curbs across most parts of the country.
Rural unemployment rate dropped to 17.92% in the week ended 31 May from 25.09% in the previous week, showed data issued on Monday by the Centre for Monitoring Indian Economy (CMIE).
This also marked the biggest improvement in percentage terms in the rural job loss rate in nine weeks, according to CMIE. Labour economists attributed the recovery to the unlocking of the rural economy and the results of better fund allocation for the rural jobs scheme.