Unemployment rate falls to 6.8% in January-March 2023: report
Among men, the unemployment rate in urban areas fell to 6% in January-March 2023.
New Delhi:
The unemployment rate for people aged 15 and over in urban areas fell to 6.8% between January and March 2023, from 8.2% a year ago, the National Sample Survey (NSSO) showed ).
Unemployment or unemployment rate is defined as the percentage of unemployed people in the labor force.
Unemployment was high in January-March 2022, mainly due to the staggering impact of Covid-related restrictions in the country.
The unemployment rate in July-September 2022 and October-December 2022 was only 7.2%. It was 7.6% in April-June 2022.
The unemployment rate (UR) of people aged 15 and over in April-June 2022 was 7.6% in urban areas, the 18th Periodic Labor Force Survey (PLFS) showed.
In January-March 2022, the unemployment rate was 8.2%.
It also showed that the unemployment rate for women (aged 15 and over) in urban areas fell to 9.2% in January-March 2023, from 10.1% in the same quarter a year ago. It was 9.6% in October-December 2022, 9.4% in July-September 2022 and 9.5% in April-June 2022.
Among men, the unemployment rate in urban areas fell to 6% in January-March 2023, from 7.7% in the same quarter a year ago. It was 6.5% in October-December 2022, 6.6% in July-September 2022 and 7.1% in April-June 2022.
The labor force participation rate in the CWS (Current Weekly Status) in urban areas for people aged 15 and over increased to 48.5% in the January-March 2023 quarter, from 47.3 % at the same period a year ago. It was 48.2% in October-December 2022, 47.9% in July-September 2022 and 47.5% in April-June 2022.
Labor refers to the part of the population that provides or offers to provide labor to carry out economic activities of production of goods and services and therefore includes both people employed and the unemployed.
The ONSS launched the PLFS in April 2017. On the basis of the PLFS, a quarterly bulletin is published giving estimates of the indicators of the active population, namely the unemployment rate, the population rate of workers (WPR), the labor force participation rate (LFPR), the distribution of workers by general status. in employment and labor industry in CWS.
Estimates of the unemployed in the SCF give an average picture of unemployment over a short period of seven days during the survey period. In the CWS approach, a person is considered unemployed if they did not work even one hour on any day of the week but sought or were available to work at least one hour any day. what day of the period.
The labor force, according to the CWS, is the number of people employed or unemployed on average during a week preceding the date of the survey. The LFPR is defined as the percentage of the population in the labor force.
The WPR (in %) in CWS in urban areas for people aged 15 and over was 45.2% in January-March 2023, compared to 43.4% in the same period a year ago . It was 44.7% in October-December 2022, 44.5% in July-September 2022 and 43.9% in April-June 2022.
This quarterly bulletin is the eighteenth in the series for the January-March 2023 quarter.
(Except for the title, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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