
Unemployment mounts to 25 Percent in Jammu Kashmir; Highest in over Five years
Unemployment in Jammu Kashmir is growing at a rapid pace and it is causing concern among the people of the region.
Centre for Monitoring Indian Economy (CMIE) has pegged India’s unemployment rate at 7.9 per cent, while Jammu Kashmir has an unemployment rate of 25.0 per cent for the month of March compared to 13.2 per cent in the month of February.
The CMIE data reveals that the unemployment rate is the highest in the region since November 2016. In November 2016 the unemployment rate was 29.9 per cent.
The rising rate of unemployment rate in Jammu Kashmir continues to be a major issue for the youth of the region.
Directorate of Employment in 2021 witnessed three lakh registrations by postgraduates and PhD degree holders.
In the same year, Jammu Kashmir Service Selection Board...