India’s unemployment rate declines to four-month low at 7.14% in January

  • The unemployment rate of India declined to 7.14% in January 2023 (the lowest in four months) from 8.30% in December 2022.
  • This data was released by the Centre for Monitoring Indian Economy (CMIE).
  • The urban unemployment rate declined to 8.55% in January from 10.09% (December 2022).
  • While the rural unemployment rate slipped to 6.48% from 7.44%.
  • Unemployment was the highest in J&K at 21.8% followed by Haryana (21.7%) and Rajasthan (21.1%).