Context: According to the statistics of CMIE rural unemployment rate in the last week of June inched up from 7.26 per cent in the previous week, urban unemployment rate eased from 11.19 per cent.
Key Points

• The urban unemployment rate continued to remain in double-digits at 10.69 per cent and the rural unemployment rate was recorded at 7.62 per cent.
• While the rural unemployment rate in the last week of June was 7.26 per cent and the urban unemployment rate was  11.19 per cent. 
• The first week of June had seen the unemployment rate at 17.51 per cent for the country, with the rural unemployment rate at 17.71 per cent and the urban rate at 17.08 per cent.
• There was an improvement in the rural rate of unemployment due to the Kharif sowing and higher MGNREGA activities to engage the migrant labourers who have returned.

Reasons for percentage increase in urban unemployment

• The labour-intensive manufacturing and heavy machine segments are not functioning with their optimal resources, the demand in the market is low and the support supply chain is structurally weak now. 
• MSMEs are in bad shape and formal sectors are shedding jobs for survival.
• All this will have an impact on urban unemployment and the urban joblessness is likely to be between 10% and 15% for the next few months.

About Centre for Monitoring Indian Economy( CMIE)

• It is a privately owned and professionally managed business information company head-quartered at Mumbai.
• It was established in 1976, primarily as an independent think tank.
• It has a presence over the entire information food-chain from large scale primary data collection to information product development through analytics and forecasting.
• Functions- It provides services to the entire spectrum of business information consumers including governments, academia, financial markets, business enterprises, professionals and media.
• CMIE produces economic and business databases and develops specialised analytical tools to deliver these to its customers for decision making and for research. It analyses the data to decipher trends in the economy.
• It conducts the largest survey to estimate household incomes, the pattern of spending and savings.