NEW DELHI: Rural unemployment rate in India dropped to 17.92% in the week ended 31 May as against 25.09% in the previous week, marking the lowest job loss rate since the country went into a preventive lockdown in the fourth week of March.
With the weekly data from the Center for Monitoring of Indian Economy (CMIE) on Monday, labour economists said unlocking of rural economy and better fund allocation under rural job scheme have begun yielding results.
The national unemployment rate also fell to a two-month low in the week ended 31 May on the back of improvement in the rural job scene.
The overall unemployment rate in India was 20.19% during the week, down from 24.34% in the previous week. This is also the lowest rate of national