Oct jobless rate at 8.5%, highest in 3 years

NEW DELHI: India's unemployment rate in October rose to 8.5%, the highest since August 2016, and up from 7.2% in September, according to data released by the Centre for Monitoring Indian Economy (CMIE)on Friday, reflecting the impact of a slowdown in the economy.India's infrastructure output fell 5.2% in September from a year earlier, the worst performance in years, government data showed on Thursday, while the industrial output shrank at its fastest rate in more than six years in August. (Reporting by Manoj Kumar; Editing by Rashmi Aich)

from Economic Times https://ift.tt/2pm1qMd