'India's unemployment rate at 3.8%'

Agencies

Posted: Monday, Jul 09, 2012 at 2133 hrs IST

Chandigarh: India's jobless rate stood at 3.8 per cent during the last fiscal, with Daman and Diu and Gujarat topping the list of least unemployed among states and UTs.

"Our unemployment level is much better than that of other countries like US, Spain and South Africa," Director General of Labour Bureau D S Kolmakar told reporters here today.

The latest report for the year 2011-12, released by Labour Bureau (under Union Ministry of Labour and Employment) here said Daman and Diu and Gujarat had unemployment rates of 0.6 per cent and 1 per cent respectively.

Chhattisgarh and Rajasthan stood at 3rd and 4th position in the list.

As for Punjab, its fiscal position may be "worrisome" but it peformed better in providing employment than states like Haryana, Delhi and Maharashtra during last financial year.

It was revealed that unemployment rate in Punjab stood at 1.8 per cent, the fifth lowest at all India level

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Source: http://financialexpress.com/news/indias-unemployment-rate-at-3.8/972203/

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