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- In September 2023, India’s unemployment rate dropped to a one-year low.
- The overall joblessness rate declined to 7.09% in September from 8.10% in August.
- The unemployment rate reached to lowest level since September last year.
- The fall in the unemployment rate by 1.87 per cent is the result of an increase in labour participation in the rural and urban areas.
- Rural unemployment dropped to 6.20%, from 7.11% in August.
- The urban unemployment rate fell to 8.94% from 10.09% in the same period.
- In the last five years, India recorded the weakest monsoon rains but it did not impact much the agricultural activity in the country.
- The unemployment rate has remained high above 7 per cent since February this year.
- The lowest unemployment rate was recorded in Chattisgarh at 0.1 per cent in September. It was followed by Assam with 0.4 per cent.
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