Unemployment in India: The unemployment rate for people aged 15 and above in urban areas declined from 9.8% to 7.2% in July to September 2022, the National Statistics Office (NSO) said on Thursday.
The percentage of people who are unemployed in the labor force is known as the unemployment rate or unemployment rate. Between July and September 2021, unemployment was high, mainly as a result of the devastating effects of COVID-related curbs across the country.
The most recent data from a quarterly study of the labor force indicate a continued economic recovery from the pandemic, with a decrease in the unemployment rate and an improvement in the labor force participation rate.
According to the 16th Periodic Labor Force Survey (PLFS), the unemployment rate for people aged 15 years and above in metropolitan areas stood at 7.6% in April-June 2022.
It also showed that the unemployment rate for women (aged 15 and above) in metropolitan areas decreased from 11.6% to 9.4% from July to September 2022. From June 2022 to April 2022, it was 9.5%.
In metropolitan areas, the unemployment rate for men fell from 9.3% in July-September 2021 to 6.6% in July-September 2022. It was 7.1% in April to June 2022.
In metropolitan areas, the CWS (current weekly status) labor force participation rate for those aged 15 and older increased from 46.9% to 47.9% in the July-September quarter of 2022. From April to June 2022, it was 47.5%.
The term “labour force” refers to that segment of the population that provides or proposes to provide labor to engage in economic activities for the production of goods and services, and consequently, includes both employed and unemployed people. There are
In April 2017, NSO launched PLFS. The worker population ratio (WPR), the labor force participation rate (LFPR), the distribution of workers by broad position in employment, and the industry of work in the CWS are all labor force indicators estimated on the basis of the PLFS.
The CWS unemployment estimates provide an average picture of unemployment over a period of seven days during the survey period.
According to the CWS approach, a person is considered unemployed if they were looking for or available work for at least one hour on any day during any period, but also for one hour on any day throughout the week didn’t work
The labor force is the total number of people who were employed or unemployed on average in the week before the date of the survey. The percentage of population employed is known as LFPR.