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Unemployment Rate

By Amigos IAS

Why is it in the news?

  • Unemployment rate in urban areas dropped from 2% (July-September 2022) to 6.6% (July–September 2023) according to the Periodic Labour Force Survey (PLFS) conducted by the National Sample Survey Office (NSSO).
  • The Survey was released by the Union Labour Ministry.

 

·       PLFS defines unemployment rate as the percentage of unemployed persons among those in the labour force.

 

Key Findings of the Survey

 

Unemployment rate for persons aged 15 and above was 6.6%

  • Male category experienced a 6% unemployment rate.
  • Female category saw a decrease from 9.4% (July–September last year) to 8.6% (July–September this year).

 

Worker Population Ratio Increase

  • Percentage of employed persons in the population (worker population ratio) in urban areas rose from 44.5% (July-September 2022) to 46% (July-September 2023) for those aged 15 and above.
  • Male category witnessed an increase from 68.6% to 69.4%.
  • Female category experienced an increase from 19.7% to 21.9%.

 

Uptick in Female Labour Force Participation Rate (LFPR)

  • LFPR in urban areas increased from 47.9% (July-September 2022) to 49.3% (July–September 2023) for those aged 15 and above.
  • Male LFPR increased from 73.4% to 73.8% during the same period.
  • Female LFPR increased from 21.7% to 24.0% during the same period.

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