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Urban jobless rate falls below 7% for the first time in 2 years

2 Mar 2021 by  Hindustan Times

Urban unemployment shot up to as high as 25% after the lockdown was announced last March and remained considerably above the comfort level of policymakers until last month, even as joblessness in the rural areas recovered.(REUTERS).

The demand for workers has snapped back faster than many economists expected, with India’s urban unemployment rate dropping below 7% in February, the lowest in more than two years.

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Hindustan Times