On 24 July 2017, the 30-day moving average of all India unemployment rate stood at 3.33 per cent, witnessing a decline of 3 basis points over the four day period beginning on 20th July. This was due to a decline in both rural and urban unemployment.
Rural unemployment, as observed through the 30-day moving average fell by 3 basis points from 2.94 per cent to stand at 2.91 per cent for the four day period. Similarly, the 30-day moving average of urban unemployment fell by 2 basis points to 4.17 per cent for the same period. As a result of this similar downward movement, the urban-rural differential increased by 1 basis point to 126 basis points. A higher gap reflects increasing inequality across regional employment.