Unemployment in India: The National Statistical Office (NSO) said on Thursday that the unemployment rate for people aged 15 and over in urban areas decreased from 9.8% in July to September 2022 to 7.2%.
The percentage of unemployed people in the labour force is known as the unemployment rate or unemployment rate. Between July and September 2021, unemployment was high, primarily as a result of the devastating effects of Covid-related limitations across the nation.
The most recent data from a quarterly study of the labour force indicate a sustained economic recovery from the pandemic, with a reduction in the unemployment rate and an improvement in the labour force participation rate.
According to the 16th Periodic Labour Force Survey (PLFS), the unemployment rate for people aged 15 and over in metropolitan areas was 7.6% in April–June 2022.
It also revealed that the unemployment rate for women (aged 15 and older) in metropolitan areas decreased from 11.6% to 9.4% from July to September 2022. In April through June of 2022, it was 9.5%.
In metropolitan areas, the unemployment rate for men fell from 9.3% in July-September 2021 to 6.6% in July-September 2022. In April to June 2022, it was 7.1%.
In metropolitan areas, the CWS (Current Weekly Status) labour force participation rate for those 15 years of age and older grew from 46.9% to 47.9% in the July-September quarter of 2022. In April through June 2022, it was 47.5%.
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 a result, both employed and unemployed people are included.
In April 2017, NSO introduced PLFS. The Worker Population Ratio (WPR), the Labor 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 picture of unemployment over a seven-day span during the survey period.
According to the CWS approach, a 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.
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.
