India's unemployment rate increased marginally to 7.45% in February 2023 from 7.14% in January 2023, bringing the nation's overall unemployment rate up from 31.5 million in January to 33 million. According to the Centre for Monitoring Indian Economy, this comes after rural unemployment increased significantly after declining for the previous four months.
Haryana has the highest unemployment rate at 29.4%, followed by Rajasthan (28.3%) and Sikkim (21%). "A considerable increase in unemployment, particularly in rural India, was the primary cause of February's total increase in unemployment in India. Only 0.26 million more persons entered the rural labour force, and in February, 2.3 million more people lost their jobs. On the other hand, urban India did well in terms of employment "CEO of CMIE, Mahesh Vyas.