businessUpdated: Jun 23, 2020 04:59 ISTThe timely arrival of the monsoon has given a much-needed boost to rural employment, absorbing thousands of migrant workers who have returned to their rural homes in seasonal farm jobs. The rural unemployment rate continued to drop, falling to 7.26% in the week ended June 21 from 10.96% in the previous week, according to data released by the Centre for Monitoring Indian Economy (CMIE). The urban job loss rate fell 2 percentage points to 11.19% in the week ended 21 June. In the pre-lockdown week, India’s overall job loss rate was 8.41%. Economists said the opening up of the rural economy, good progress of the monsoon and a robust sowing season are aiding the employment pick-up in rural India.

Source: Hindustan Times June 22, 2020 22:59 UTC