Karnataka fast emerging out of unemployment post-unlock as joblessness rate drops

Thursday, 22 Oct, 1.06 am

Karnataka is emerging out of the unemployment crisis faster than the rest of the country.

After the lockdown in August 2020, the unemployment rate in the state — which is dependent on knowledge-intensive and white-collar workforce — touched a low of 0.5% while it was 2.4% in September, according to data from the Centre for Monitoring Indian Economy (CMIE).

Six million white-collar jobs lost during coronavirus lockdown, CMIE data shows

In September, Maharashtra recorded an unemployment rate of 4.55%, Gujarat 3.4% and Tamil Nadu 5%.

Karnataka's unemployment rate is almost a third of the national rate (6.7%).

Two other states that have lower rates than Karnataka are Assam (1.2%) and Chhattisgarh (2%). The unemployment rate is the percent of the labour force that is jobless — the proportion of people who aren't able to find a job despite an active search, as part of the total pool of available workforce.