India September jobless rate holds at 5%

India reported an unchanged unemployment rate of 5 percent for individuals aged 15 and above in September. This figure came in slightly below the 5.2 percent median forecast from a Reuters poll.

Garment workers stitch shirts at a textile factory of Texport Industries in Hindupur town in the southern state of Andhra Pradesh, India, February 9, 2022. REUTERS/Samuel Rajkumar

India's September unemployment rate for people aged 15 and above held steady at 5%. The reading came in below the 5.2% rate projected in a Reuters poll. The stable metric offers a reliable domestic consumption signal heading into the fourth quarter.

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