Urban Unemployment Rate at 9.62%, Rural At 7.15%: BSE Index

New Delhi: The unemployment rate in urban areas stood at 9.62 per cent, much higher than the 7.15 per cent in rural pockets, says a BSE index.

The overall figure for the country is 7.97 per cent, the index prepared by the top stock exchange BSE in collaboration with business information firm CMIE showed.

The index is based on responses from over 1.30 lakh individuals in about 39,600 households spread across 315 cities and 3,000 villages in India.

As of April 6, the jobless rate (urban) stood at 9.62 per cent while that of rural areas was 7.15 per cent, the index showed.

In the second half of February, the urban unemployment rate crossed the 10 per cent mark while the corresponding figure for rural areas hit 5.82 per cent in the second half of January.

The data, which were recently launched by BSE, are the first instance of a non-governmental organisation producing an unemployment measure for any country in the world.

Earlier this month, BSE had said it would also bring out state-wise unemployment rates in a few months.

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