India’s unemployment problem surges to 7.83% in April
India’s unemployment problem shot up to 7.83% in April from 7.60% in March, according to the latest data released by the Centre for Monitoring Indian Economy (CMIE).Due to lack of decent jobs in cities, unemployment in urban areas is worse than that in rural, the data show. While rural data showed a marginal drop in unemployment from 7.29% in March to 7.18% in April, urban joblessness saw a sharp spike to 9.22% in April from 8.28% a month ago.