Unemployment rate dips to 6-year low of 3.2% in 2022-2023
The unemployment rate in both rural and urban areas in India has registered a significant decline, according to the sixth annual report released by the National Sample Survey Office (NSSO) on Tuesday based on the Periodic Labour Force Survey (PLFS) conducted during July 2022-June 2023.
Gender-wise the unemployment rate has come down for both the male and female population in the country indicating that women are also getting more jobs as the economy grows.
The report shows that in rural areas, the unemployment rate decreased from 5.3 percent in 2017-18 to 2.4 percent in 2022-23 while for urban areas it declined from 7.7 percent to 5.4 percent.
The unemployment rate for the male population in India decreased from 6.1 percent in 2017-18 to 3.3 percent in 2022-23 while the corresponding decrease in unemployment for the female population was from 5.6 percent to 2.9 percent, according to the survey.
The declining unemployment trend is also backed by data on the percentage of workforce participation in the total population which has shown a significant increase in both the rural and urban areas.
According to an official statement, the fieldwork for the collection of information in respect of the samples, allotted for the period July 2022–June 2023, was completed timely for the first visit as well as revisit samples, except for 51 first visit and 68 revisits for Manipur, allotted in the last quarter i.e., April-June 2023, which were treated as casualties, due to disturbed field situation and unavailability of internet services.
[With Inputs from IANS]
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