India’s jobless rate rises to three-month high of 8% in Nov: CMIE data

NEW DELHI (Reuters) – India’s unemployment rate rose to 8.0% in November, highest in three months, from 7.77% in the previous month, data from the Centre for Monitoring Indian Economy (CMIE) showed on Thursday.

The urban unemployment rate rose to 8.96% in November from 7.21% in the previous month, while the rural unemployment rate slipped to 7.55% from 8.04%, the data showed.

The data from the Mumbai-based CMIE is closely watched by economists and policymakers as the government does not release its own monthly figures.

(Reporting by Manoj Kumar; Editing by Himani Sarkar)

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