New Delhi: Indian unemployment rate rose last month due to hiring activities from the Covid-19 pandemic.
Unemployment in August rose to 8.32% from a four-month low of 6.95% in July, data from the center of private research companies to monitor the Indian economy (CMIE) showed on Wednesday.
A separate survey of factory managers by IHS Markit pointed to the company that pasted recruitment efforts amid a softer sales growth for a month.
“There are some doubts in growth and that is the reason we see this fatigue in labor figures,” said the Director of CMIE Mahesh Vyas by telephone.
“We are still recovering from a sharp decline in work.” About one million work lost last month, according to CMIE data, which is based on the survey, and is widely accepted without timely government data.
Job losses are relatively low when compared to April when more than seven million jobs are lost in the midst of the second wave of viruses.
India usually adds more than one million people to the workforce every month.