Srinagar, March 8 -- Over the period last ten years Jammu and Kashmir (J&K) experienced radical increase in its unemployment rate which stand as a testimony to its economic malady as the UT has been upfront to slowdown in almost all the sectors. The unemployment rate which was approximately 5% during 2017-18 and 2018-19, saw an increase to 6.7% in 2019-20. Thereafter, it recorded substantial increase in some quarters and was as high as 11.8% 2022-23, 23.09% in March 2023, and 18.3% in January 2024. These figures indicate that J&K is swaying through highest unemployment rate which is not a positive sign. The growing unemployment rate observed especially last 8 years manifest that something has gone seriously wrong which needs targeted econ...
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