India’s Unemployment Rate Hits 5-Year Record High

© AP Photo / Rajesh Kumar SinghUnemployed Indians stand in queues to register themselves at the Employment Exchange Office in Allahabad, India (File)
Unemployed Indians stand in queues to register themselves at the Employment Exchange Office in Allahabad, India (File) - Sputnik International
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In rural sector in India, unemployment rate was 5.1 percent whereas in urban sector, the rate was 4.9 percent, according to report of Labour Bureau of India’s Labour and Employment Ministry.

NEW DELHI (Sputnik) – Unemployment rate in India has reached 5 percent, its highest level in five years, Labour Bureau of India’s Labour and Employment Ministry said in a report on Thursday.

"In rural sector, unemployment rate was 5.1 percent whereas in urban sector, the rate was 4.9 percent under the Usual Principal Status [the activity status, on which a person spent relatively longer time] approach," the report said.

In this Tuesday, Nov. 12, 2013 photo, a cook uses his hand to release pieces of chicken into hot oil at a street side food joint in New Delhi, India - Sputnik International
India To Face Massive Unemployment, Social Unrest Amid Demographic Boom
The figure was higher among females compared to males, 8.7 percent to 4.3 percent.

In urban areas, female unemployment rate reached 12.1 percent and 3.3 percent for males, the report showed.

According to the fifth annual report, around 77 percent of the Indian households that were covered in the survey had no regular wages. A total of 156,563 households participated in the survey, including 88,783 in the rural area and 67,780 in cities.

The highest rate of unemployment in India was 9.3 percent in the period of 2009-2010.

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