According to the CMIE, national unemployment rate rose to 14.73% in the week ending May 23 from 14.45% in the previous week – an increase of 0.28 points
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Notes in circulation go up due to cautionary holding of cash amid COVID-19 pandemic: RBI
The Reserve Bank of India on Thursday said banknotes in circulation witnessed higher than average increase during 2020-21, on account of precautionary holding of cash by people due to the COVID-19 pandemic, and its prolonged continuance. The value and volume of banknotes in circulation increased by 16.8 per cent and 7.2 per cent, respectively, during 2020-21, as against an increase of 14.7 per cent and 6.6 per cent, respectively, witnessed during 2019-20, said the RBI annual report.
India stares at double-digit unemployment rate, 10 million job losses in May: CMIE
India s unemployment in 2020 at worst level in 29 years, shows study
India s unemployment rate sharply rose to 7.11 per cent in 2020 from 5.27 per cent in 2019; the United States and Brazil showed higher unemployment rates in comparison to India
BusinessToday.In | May 28, 2021 | Updated 18:51 IST
India s unemployment rate rose to its highest level since 1991 during 2020 as coronavirus pandemic caused economy to come to a screeching halt, according to a study. The nation saw one of the toughest lockdowns in the world starting March last year as the pandemic claimed numerous lives, with stringent restrictions on mobility and economic activities across the board.
India s unemployment rate sharply rose to 7.11 per cent in 2020 from 5.27 per cent in 2019, said a report by Centre for Economic Data and Analysis (CEDA) based on the ILOSTAT database of International Labour Organisation. Going back, India saw its unemployment rate rise between 2008, when it was 5.36 per cent to 5.65 per