state the high rate of unemployment
Answers
ᴬᶜᶜᵒʳᵈⁱⁿᵍ ᵗᵒ ᶜᴹᴵᴱ'ˢ ˢᵉᵖᵗᵉᵐᵇᵉʳ ᵈᵃᵗᵃ, ᵀʳⁱᵖᵘʳᵃ ʰᵃˢ ᵗʰᵉ ʰⁱᵍʰᵉˢᵗ ᵘⁿᵉᵐᵖˡᵒʸᵐᵉⁿᵗ ʳᵃᵗᵉ ᵒᶠ ³¹.² ᵖᵉʳ ᶜᵉⁿᵗ ʳᵃᵗᵉ, ᶠᵒˡˡᵒʷᵉᵈ ᵇʸ ᴰᵉˡʰⁱ ᵃⁿᵈ ᴴᵃʳʸᵃⁿᵃ ᵃᵗ ²⁰.⁴ ᵖᵉʳ ᶜᵉⁿᵗ ᵃⁿᵈ ²⁰.³ ᵖᵉʳ ᶜᵉⁿᵗ, ʳᵉˢᵖᵉᶜᵗⁱᵛᵉˡʸ. ... ⁶ ᵖᵉʳ ᶜᵉⁿᵗ; ᴾᵘⁿʲᵃᵇ ¹¹.¹ ᵖᵉʳ ᶜᵉⁿᵗ; ᴶʰᵃʳᵏʰᵃⁿᵈ ¹⁰.⁰⁹ ᵖᵉʳ ᶜᵉⁿᵗ; ᴮⁱʰᵃʳ ¹⁰.³ ᵖᵉʳ ᶜᵉⁿᵗ; ᶜʰʰᵃᵗᵗⁱˢᵍᵃʳʰ ⁸.⁶ ᵖᵉʳ ᶜᵉⁿᵗ; ᵃⁿᵈ ᵁᵗᵗᵃʳ ᴾʳᵃᵈᵉˢʰ ⁸ .
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Answer:
Unemployment occurs when workers who want to work are unable to find jobs, which means lower economic output, while still requiring subsistence. High rates of unemployment are a signal of economic distress, but extremely low rates of unemployment may signal an overheated economy.
The highest unemployment rate was witnessed among urban females at 10.8% followed by males in urban India at 7.1%, rural males at 5.8% and 3.8% in rural females.
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