Key Points
India's unemployment rate increased to 8.11% in April from 7.8% in the previous month due to a rise in the labour participation rate (LPR) to 41.98% from 39.77%, revealed Centre for Monitoring Indian Economy (CMIE)..
CMIE said around 20.3 million people entered the labour force in April in rural India resulting in a total of 321.2 million persons in the rural labour force and a 2.7 percentage point increase in the rural labour participation rate to 43.6% in April...
Out of the people who entered the labour force this month, close to 87% or 22.1 million were able to secure jobs taking the total number of employed to 429.7 million compared to 407.6 million in March, suggesting revival in the labour market...
This translates to an expansion of the urban labour force from 141.2 million to 146.4 million in this period, CMIE said, adding that out of the 5.2 million additional people in the labour force in April who were willing to work, 2.84 million were able to secure employment while over 2.3 million additional people became unemployed in urban India in the last month...
Overall, headline metrics for the month of April suggest that the rural labour market fared well compared to the urban labour market in India with around 94.6% of the people who joined the rural labour force became employed as opposed to only 54.8% of the people who entered the labour force in urban India were able to find jobs, it concluded...
