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India’s October Unemployment Rate Holds at 5.2% with Mixed Urban-Rural Trends
India’s unemployment rate stayed at 5.
India’s unemployment rate remained at 5.2% in October, reflecting stable overall labour conditions, while unemployment in urban areas climbed to 7% and rural unemployment eased to 4.4%. The mixed trend highlights divergent recovery patterns, with rural employment benefiting from seasonal agricultural activity and urban centres facing slower hiring in services and construction.
Economists note that steady inflation and stable consumption have prevented deterioration in labour markets. Policymakers are expected to monitor sector-wise demand closely as capex momentum and festival-led consumption influence hiring cycles.