Unemployment rate dips 7.7% in May on decline in labour participation: CMIE

The unemployment rate in India fell to 7.7 per cent in May due to a decline in the labour participation at 441.9 million, according to a data released by private economic think tank CMIE.

Unemployment rate in India among people aged 15 years and above fell to 7.7 per cent in May 2023, from 8.5 per cent in the previous month, CMIE’s Natasha Somayya K said in an analysis on its website.

The unemployment rate inched down as a…