• Source:PTI
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According to the National Sample Survey Survey (NSSO), the unemployment rate for individuals aged 15 and over in urban areas declined to 6.7 percent in the January-March period from 6.8 percent a year earlier. Joblessness, or the unemployment rate, is defined as the percentage of unemployed people in the labor force.

The unemployment rate in the March quarter of FY23 was 6.8 percent, while it was 6.6 percent in April-June and the third quarter (July-September 2023) of the previous fiscal. It was 6.5 percent in October-December 2023. The unemployment rate for people aged 15 and above in January-March 2024 was 6.7 percent in urban areas, according to the 22nd Periodic Labour Force Survey (PLFS).

It also revealed that the unemployment rate among women (aged 15 and over) in urban areas decreased to 8.5 percent in January-March 2024 from 9.2 percent in the same quarter a year ago. It was 9.1 percent in April-June 2023, 8.6 percent in July-September 2023, and 8.6 percent in October-December 2023.

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Among males, the unemployment rate in urban areas increased to 6.1 percent in January-March 2024 from 6 percent in the year-ago period. It was 5.9 percent in April-June 2023, 6 percent in July-September 2023, and 5.8 percent in October-December 2023. The labor force participation rate in Current Weekly Status (CWS) in urban areas for people aged 15 years and over increased to 50.2 percent in January-March 2024, from 48.5 percent in the same period a year ago.

It was 48.8 percent in April-June 2023, 49.3 percent in July-September 2023, and 49.2 percent in October-December 2023. The labor force refers to the part of the population that supplies or offers to supply labor for the production of goods and services and, as a result, includes both the employed and unemployed. The NSSO launched PLFS in April 2017.

Based on PLFS, a quarterly bulletin is published with estimates of labor force indicators such as unemployment rate, worker population ratio (WPR), labor force participation rate (LFPR), distribution of workers by broad status in employment, and industry of work in CWS.

The estimates of unemployed persons in CWS provide an average picture of unemployment in a short span of seven days during the survey period.

According to the CWS approach, a person is considered unemployed if he or she did not work for even an hour on any day during the week but sought or was available for work for at least an hour on any day during the period. According to CWS, the labor force is the number of persons who are either employed or unemployed on average in a week preceding the survey date. LFPR is defined as the percentage of the population in the labor force.

(With PTI's Input)

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