Unemployment Rate Dips To 6.6 Pc In Urban Areas In April-June 2023: Govt Survey

Unemployment Rate Dips To 6.6 Pc In Urban Areas In April-June 2023: Govt Survey

New Delhi, Oct 9: According to data from the National Sample Survey Office (NSSO), the unemployment rate for people aged 15 and over in urban areas decreased from 7.6% in April to June of last year to 6.6% in April to June of this year. The percentage of unemployed people in the labour force is known as the unemployment rate or unemployment rate. In April to June 2022, unemployment was high primarily as result of the devastating effects of Covid-related limitations on the nation. According to the 19th Periodic Labour Force Survey (PLFS), the UR for people aged 15 and over in urban areas was 7.6% in April–June 2022.The unemployment rate for the three months of January to March 2023 was 6.8%. Both in October-December 2022 and July-September 2022, it was 7.2%. It also demonstrated that the unemployment rate for women (aged 15 and older) in metropolitan areas decreased from 9.5% in the same quarter last year to 9.1% in April–June 2023. It was 9.2% from January through March 2023, 9.6% from October through December 2022, and 9.4% from July through September 2022. In metropolitan regions, the unemployment rate for men fell to 5.9% in April–June 2023 from 7.1% in the same quarter year earlier.It was 6% from January through March 2023, 6.5 from October through December 2022, and 6.6 from July through September 2022. People aged 15 and over who live in urban areas’ CWS (Current Weekly Status) labour force participation rate climbed from 47.5 percent to 48.8 percent in April to June 2023. It was 48.5% from January to March 2023, 48.2% from October to December 2022, and 47.9% from July to September 2022. The term “labour force” refers to the segment of the population that provides or proposes to provide labour for engaging in economic activities for the production of goods and services, and as result, both employed and unemployed people are included.PLFS was introduced by the NSSO in April 2017. The Worker Population Ratio (WPR), the Labour Force Participation Rate (LFPR), the distribution of employees by broad status in employment, and the industry of work in CWS are all labour force indicators that are estimated based on the PLFS. The CWS unemployment estimates provide an average view of unemployment during brief period of seven days during the survey period. According to the CWS approach, person is deemed unemployed if they looked for or were available for work at least one hour on any given day during the period but did not work for even one hour on any given day throughout the week.According to CWS, the labour force is the total number of people who were, on average, employed or jobless in the week before the survey date. The percentage of the population that is employed is known as the LFPR.
In urban areas, the WPR (in%) in CWS for people 15 years of age and over was 45.5% in April–June 2023, up from 43.9% in the same period the previous year.
In January–March 2023, it was 45.2%; in October–December 2022, it was 44.7%; and in July–September 2022, it was 44.54%.
The current quarterly bulletin, which covers the months of April and June 2023, is the 19th in the series.

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