Unemployment rate dips to 7.2% in October-December: govt. survey
The Hindu
Joblessness was high in October-December 2021 mainly due to the staggering impact of Covid-related restrictions in the country
Unemployment rate for persons aged 15 years and above in urban areas declined to 7.2% during October-December 2022 from 8.7% a year earlier, the National Sample Survey Survey (NSSO) showed.
Joblessness or unemployment rate is defined as the percentage of unemployed persons among the labour force.
Joblessness was high in October-December 2021 mainly due to the staggering impact of Covid-related restrictions in the country.
However, the unemployment rate in the July-September 2022 was also 7.2% only.
The unemployment rate (UR) for persons aged 15 years and above in April-June 2022 was 7.6% in urban areas, the 17th Periodic Labour Force Survey (PLFS) showed.
In January-March 2022, the UR was 8.2%. It also showed that the unemployment rate among females (aged 15 years and above) in urban areas declined to 9.6% in October-December 2022 from 10.5% a year ago. It was 9.4% in July-September 2022, 9.5% in April-June 2022 and 10.1% in January-March 2022.
Among males, the unemployment rate in urban areas dipped to 6.5% in October-December 2022 compared to 8.3% a year ago. It was 6.6% in July-September 2022, 7.1% in April-June 2022 and 7.7% in January-March 2022.
Just nine Fugitive Economic Offenders (FEOs) owed Indian banks over ₹58,000 crore in principal and interest. To date, banks have recovered just over ₹19,000 crore — roughly 33% of the total dues.
Commerce Minister Piyush Goyal urges Indian businesses to seize opportunities in Russia's market, addressing talent shortages and trade demands.
Premiumisation is driving the growth in beauty and personal care industry in India and this segment is growing faster than the products made for the masses, industry executives said at Cosmoprof India 2025, a beauty & personal care industry event currently underway in Mumbai.
Scaling Artificial Intelligence(AI) at the speed at which consultants project is not possible by the laws of physics and may not be environmentally sustainable, said Tanvir Khan, who is the Executive Vice President and Chief Operating Officer of NTT DATA North America, part of the Japanese technology services and data centre company NTT Data, in an interview with The Hindu.
The Rupee appreciated by 19 paise to close at 89.96 against the U.S. dollar amid weak dollar index support.
India aims to expand its tea exports to China, highlighting diverse varieties like Darjeeling and Masala at a recent buyer-seller meet.
Stock markets rebound after four days of decline as Sensex rises 158 points, driven by tech and IT shares.
India reduces Russian oil imports by 38% in October 2025, marking the sharpest decline in value and volume yet.
Suzlon announces three new AI-enabled smart blade factories, expanding its manufacturing footprint to 20 facilities in India.
Odisha Government terminates Silicon Tech Lab's empanelment for involvement in a recruitment scam and service agreement violations.
Worli, Mumbai, dominates India’s ultra-luxury apartment market, accounting for 40% of transactions worth ₹5,500 crore in two years.
IndiGo faces disruptions due to a hiring freeze, prompting pilots' body to urge regulatory intervention for safe operations.
Nvidia CEO Jensen Huang met separately with U.S. President Donald Trump and Republican senators Wednesday