India's unemployment rate hits 4-month high in April

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India's unemployment rate hits 4-month high in April

STORY: India's unemployment rate hits 4-month high in April DATELINE: May 4, 2023 LENGTH: 00:01:30 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of New Delhi 3. various of laborers waiting for work STORYLINE: India's unemployment rate reached a four-month high in April at 8.11 percent, up from 7.8 percent in March, according to the latest data from the economic research house Center for Monitoring Indian Economy (CMIE). While rural unemployment decreased marginally to 7.34 percent in April from 7.47 percent in March, urban unemployment increased to 9.81 percent from 8.51 percent during the same period. Despite the increase in the unemployment rate, more jobs were created in April, particularly in rural areas. Around 22.1 million jobs were created in April, with a job creation rate of 94.6 percent in rural areas and 54.8 percent in urban areas. The data underscore the ongoing challenge facing Prime Minister Narendra Modi's government as it grapples with the need to

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