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Unemployment rate falls to 7.2% in July-September: ONS survey

The labor force is the part of the population that provides labor to carry out economic activities. (File)

New Delhi:

The unemployment rate for people aged 15 and over in urban areas fell to 7.2% between July and September 2022, from 9.8% a year ago, the Office National de statistics (ONS).

Unemployment or unemployment rate is defined as the percentage of unemployed among the labor force. Unemployment was high in July-September 2021, mainly due to the staggering impact of Covid-related restrictions in the country.

The latest data based on a periodic labor force survey, highlighting a falling unemployment rate amid improving labor force participation, point to a sustained economic recovery from the shadow of the pandemic.

The unemployment rate for people aged 15 and over in April-June 2022 was 7.6% in urban areas, the 16th Periodic Labor Force Survey (PLFS) showed.

It also showed that the unemployment rate for women (aged 15+) in urban areas fell to 9.4% in July-September 2022, from 11.6% a year ago. It was 9.5% in April-June 2022.

Among men, the unemployment rate in urban areas fell to 6.6% in July-September 2022, from 9.3% a year ago. It was 7.1% in April-June 2022.

The labor force participation rate in the CWS (Current Weekly Status) in urban areas for those aged 15 and over increased to 47.9% in the July-September 2022 quarter, from 46.9% at the same time a year ago. It was 47.5% in April-June 2022.

Labor force 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 employed and unemployed.

The NSO launched the PLFS in April 2017. Based on the PLFS, a quarterly bulletin is published giving estimates of labor force indicators, namely unemployment rate, labor force ratio (WPR), participation in the labor force (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 44.5% in July-September 2022, compared to 42.3% in the same period a year ago. It was 43.9% in April-June 2022.

Fifteen PLFS Quarterly Bulletins corresponding to the quarter ending in December 2018 and the quarter ending in June 2022 have already been issued. This Quarterly Bulletin is the sixteenth in the series for the July-September 2022 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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