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Unemployment rate among 15-29 age group sees marginal rise in July, sparks concerns

The labour market exhibited varied trends across gender, age, and geographical areas, with rural unemployment increasing.

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Why it matters

Young people aged 15-29 face worsening prospects in the job market, particularly in rural areas where unemployment growth is steeper, directly affecting early-career employment prospects.

Most affected

Young people aged 15-29 in rural areas — Face steeper increases in unemployment than urban counterparts.
Young people aged 15-29 in urban areas — Experience marginal rise in unemployment rates.

Likely next

Whether the July rise is revised in subsequent monthly updates and whether rural unemployment continues to accelerate.

Read it at Hindustan Times