Unemployment rate nosedives to 7.6% in April-June 2022, shows NSO survey
India Today
The latest data based on a periodic labour force survey, underlining a decline in unemployment rate amid improved labour force participation ratio, point towards a sustained economic recovery from the shadow of the pandemic.
The unemployment rate for persons aged 15 years and above in urban areas dipped to 7.6% during April-June 2022 from 12% a year ago, the National Statistical Office (NSO) said on Wednesday.
Joblessness or unemployment rate is defined as the percentage of unemployed persons among the labour force.
Joblessness was high in April-June 2021 mainly due to the staggering impact of Covid-related restrictions in the country.
This is the lowest unemployment rate recorded in the last 4 years, from the time NSO launched India's first computer-based survey in April 2017 https://t.co/GhGw7henwO
The latest data based on a periodic labour force survey, underlining a decline in unemployment rate amid improved labour force participation ratio, point towards a sustained economic recovery from the shadow of the pandemic.
The unemployment rate for persons aged 15 years and above in January-March 2022 was 8.2 per cent in urban areas, the 15th Periodic Labour Force Survey (PLFS) showed.
It also showed that the unemployment rate among females (aged 15 years and above) in urban areas declined to 9.5 per cent in April-June, 2022 from 14.3 per cent a year ago. It was 10.1 per cent in January-March, 2022.
