Unemployment rate back at pre-lockdown levels

The unemployment rate fell to its pre-lockdown level of 8.5% in the week ended June 21, led by big gains in the rural areas, economic think tank CMIE said. The rate had gone up from 8.75% in March to 23.5% in April and May. It had peaked at 27.1% in the week ended May 3. The CMIE survey showed the gains in rural areas may even be bigger in the months ahead.

from Times of India https://ift.tt/3dvuFyZ