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Nw : Rural sentiments upbeat in November

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The consolidation of person sentiments in November rests upon an expectation that the financial system will make properly within the on the subject of- and medium-period of time future

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CMIE | Indian Economy | person sentiment

Mahesh Vyas 



Mahesh Vyas

Rural India achieved quite properly in November. The labour participation rate inched up and the unemployment rate dropped. As a result, the employment rate elevated from 37 per cent in October to 37.5 per cent in November 2022. The employment rate is the biggest labour market indicator and its increase signifies that the next share of the working age population is employed. Even a minute increase within the employment rate translates into millions of jobs. As an illustration, the 0.5 share level increase in November led to the addition of 4.3 million jobs in rural India.

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First Published: Mon, December 05 2022. 23: 59 IST



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