Delhi’s Unemployment rate Increased from 1.6% To 44.90% in Two Years
Delhi shows the drastic rise in unemployment rate and with 44.9%, it stands among the top three states in the country beside Jharkhand & Bihar. The overall unemployment rate of India is 23.5% in May 2020, according to a survey conducted by the Centre for Monitoring Indian Economy (CMIE).
Among large states, unemployment was highest in Jharkhand, Bihar, and Delhi at 59.2%, 46.2%, and 44.9% respectively. It was lowest in Uttarakhand, Assam, and Odisha at 8.0%, 9.6%, and 9.6% respectively.
Delhi’s unemployment rate increased 28.2 percentage points, rising to 44.9% in May 2020, according to a survey conducted by the Centre for Monitoring Indian Economy (CMIE). Over a longer time period, unemployment has moved from 1.6% in Feb 2018 to its current rate.
Unemployment in Jharkhand moved from 47.1% in Apr 2020 to 59.2% in May 2020. Over a longer time period, unemployment has moved from 1.6% in Jul 2017 to 59.2% in May 2020.
There are few frequently updated government metrics for tracking jobs in India, particularly in the informal sector. As a consequence, high frequency indicators like the CMIE Unemployment Survey tend to be used as a proxy for evaluating the health of the labour market. The survey has a sample size of 43,600 households per month that are well distributed geographically, and across urban and rural areas.
Data has been sourced from the CMIE Unemployment website and Livemint.