Unemployment

India’s unemployment rate jumped to a two-year high to 6.9% in October, 2018, according to a report by the Centre for Monitoring Indian Economy, this portrays a worrying trend in the labour market. Around 397 million people were employed in October, 2018, down 2.4% compared to last year. The sudden surge can be because of labour returning back to the market to look for jobs after demonetization.