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According to the Centre for Monitoring Indian Economy (CMIE), India's unemployment rate in June 2024 was _____.
8.2%
7.9%
10.2%
9.2%
9.2%
India's unemployment rate surged to an eight-month high of 9.2% in June 2024 according to CMIE data.
The Centre for Monitoring Indian Economy (CMIE) reported a sharp rise in India's unemployment rate to 9.2% in June 2024, up from 7.0% in May 2024. This marked the highest level of joblessness recorded in eight months. The surge was largely driven by rural areas, where unemployment jumped from 6.3% to 9.3% due to delayed monsoon rains impacting agricultural sowing. Meanwhile, the Labour Force Participation Rate (LFPR) showed a marginal increase from 40.8% to 41.4%.
The Centre for Monitoring Indian Economy (CMIE) is a leading independent economic think tank established in 1976 and headquartered in Mumbai. Official employment figures in India are periodically released by the National Sample Survey Office (NSSO) under the Ministry of Statistics and Programme Implementation (MoSPI) through the Periodic Labour Force Survey (PLFS). Article 39 of the Directive Principles of State Policy directs the State to secure adequate means of livelihood for all citizens.
India's national unemployment rate in June 2024: 9.2%
Rural unemployment rate in June 2024: 9.3% (up from 6.3% in May)
Urban unemployment rate in June 2024: 8.9%
Labour Force Participation Rate (LFPR) in June 2024: 41.4%
D is correct тАФ According to the CMIE report, India's overall unemployment rate stood at 9.2% in June 2024.
To remember job metrics, link '9.2% CMIE June 2024' with 'Rural spike due to Monsoon delay' тАФ CMIE tracks monthly private estimates while NSSO PLFS gives official government annual/quarterly reports.
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