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Home Economy

Unemployment figure touches all-time high in poll-bound Bihar

admin by admin
June 16, 2020
in Economy, Governance, India, News
Unemployment figure touches all-time high in poll-bound Bihar
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New Delhi: The latest employment data of poll-bound state Bihar is quite staggering as it posted a steep rise in unemployment in the year ended June 2019 to record nearly double the national jobless rate.

The latest state unemployment data released on Tuesday is a lagging indicator and the current jobless rate was expected to be much higher as millions of unemployed labourers return home due to a nationwide lockdown to curb the spread of coronavirus.

Unemployment in Bihar rose by 3 percentage points to 10.2% during the year ended June 2019, government data showed, even as the country’s overall unemployment slowed to 5.8%, compared with 6.1% a year earlier.

The latest data from CMIE, a private research house, showed unemployment in Bihar was the highest among all large states in the country, with smaller eastern states of Jharkhand and Chhattisgarh showing higher joblessness.

The government does not release month-wise employment data, and economists have for long complained that India’s joblessness data is out of date.

(Source: Reuters)

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