Unemployment continues to fall
On 26 February 2017, the 30-day moving average of all India unemployment rate stood at 5.17 per cent, witnessing a double digit decline of 30 basis points over the four day period beginning on 23rd February. The decrease in the overall moving average has been led by a double-digit decrease in both rural and urban unemployment with the latter witnessing a more than proportionate decline.
Rural unemployment, as observed through the 30-day moving average fell by 27 basis points from 4.72 per cent to stand at 4.45 per cent for the four day period. Similarly, the 30-day moving average of urban unemployment fell by 37 basis points to 6.60 per cent for the same period. Consequently, the urban-rural rate differential fell by 10 basis points to end at 215 basis points. A lower gap reflects reducing inequality across regional employment.