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Bad news for youth of J&K as unemployment rate touches 11.4 percent

Last Updated on May 6, 2021 at 5:35 pm

Amid Covid-19 outbreak there is a bad news for the youth of Jammu and Kashmir.

The unemployment rate of the Union Territory touched 11.4 percent, in April, according to the Centre for Monitoring Indian Economy (CMIE). It is three percent more than the national average.

At 11.4 percent J&K currently features among the bottom 10 states with the higher unemployment rate. Haryana tops the list with 35.1 percent followed by Rajasthan (28%), Delhi (27.3%), Goa (25.7%), Tripura (17.3%), Jharkhand (16.5%), Bihar (11.5%), and Jammu and Kashmir (11.4%).

At 0.2 percent, Assam has reported the lowest unemployment rate followed by Meghalaya (1.4%) and Madhya Pradesh (1.4%). 

The unemployment rate in Jammu and Kashmir was 14. 2 percent in February. At that time, the national average had settled at 6.9 percent. The unemployment rate is calculated by CMIE using Consumer Pyramids Household Survey machinery.

 COVID-19 has hit the economy badly and same is for J&K where business and entrepreneurship are at the receiving end.

Amid the Covid lockdowns and chaos across the country, there are apprehensions if any new industry will come to the UT despite efforts by the Lt Governor Manoj Sinha who has made tireless efforts to invite companies to the UT.