By Admin 
Unemployment: India’s figures are disturbing. Once again the unemployment rate has increased. A change of 5.5 percent has been seen in the month of May. The unemployment rate which was 5.2 percent in April has increased to 5.5 percent. Let us tell you that this is the highest increase in the last 11 months. The surprising thing is that there is still a slight improvement in the situation in the city, but the situation in the villages is getting worse. People are not getting work in villages and this has created a crisis in the job market.
Unemployment increased in the village
The unemployment rate in the village was 4.6 percent in the month of April, which has increased to 5.1 percent. At the same time, the unemployment rate in the city has decreased. The figure which was earlier 6.6 percent, has come down to 6.4 percent in May. This simply means that there are better job opportunities in the city. It is also worth knowing that the unemployment rate has increased for the fourth consecutive month. This is considered to be the highest level in the last 11 months.
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The number of workers also decreased
Not only has unemployment increased, but the ratio of working people has also decreased. The labor force participation rate declined to 54.4 percent in May, which was 55 percent in April. At the same time, the Cancer Population Ratio i.e. WPR also decreased from 52.2 percent to 51.4 percent. This means that the pace of job creation is lagging behind the number of people coming into the labor market.
Challenge for women and youth also
Latest figures show that employment opportunities for women in rural areas are quite limited. There is concern about unemployment among the youth also. Now it is not just a matter of men and women, rather the unemployment rate becomes a threat to the economic health of any country. Increase in employment increases people’s income, which gives impetus to consumption and economic activities. But if unemployment increases, consumer spending may be affected and the pace of economic growth may also be affected.
Stock market continues to be bright today, Sensex crosses 76000; Nifty also up 70 points