India’s unemployment rate dips to 7.2% in July-Sept 2022: NSO survey

The National Statistics Office (NSO) said the unemployment rate for people aged 15 and over in urban areas fell to 7.2% between July and September 2022 from 9 .8% a year ago.

Unemployment or unemployment rate is defined as the percentage of unemployed people in the labor force. The high unemployment rate between July and September 2021 is mainly due to the staggering impact of the Covid-related restrictions in the country.

The latest data, based on a periodic labor force survey, highlight falling unemployment amid improved labor force participation rates, towards a sustained economic recovery following the recession. shadow of the pandemic.

The unemployment rate for people aged 15 and over between April and June 2022 in urban areas was 7.6%, the 16th Periodic Labor Force Survey (PLFS) shows. .

The report also shows that the unemployment rate for women (aged 15 and over) in urban areas fell to 9.4% between July and September 2022 from 11.6% a year ago. last year. That’s 9.5 percent in April through June 2022.

Among men, the urban unemployment rate fell to 6.6% between July and September 2022 from 9.3% a year ago. That’s 7.1 percent in April through June 2022.

The CWS (Current Weekly Status) labor force participation rate in urban areas for those aged 15 and over increased to 47.9% in the July-September 2022 quarter, from 46.9% in the same period last year. It was 47.5 percent in April to June 2022.

Labor force refers to a segment of the population that provides or offers to provide labor for the pursuit of economic activities for the production of goods and services and thus includes employed and the unemployed.

NSO launched PLFS in April 2017. On the basis of PLFS, a quarterly newsletter is released giving estimates of labor force indicators such as unemployment rate, Working population ratio (WPR). ), the labor force participation rate (LFPR), the distribution of labor by broad employment status and job sector in the CWS.

The CWS unemployment estimates give an average picture of unemployment over a short seven-day period during the survey period.

According to the CWS approach, a person is considered unemployed if he/she does not work even one hour on any day of the week but is seeking or willing to work at least one hour on any given day. any day in that period.

The labor force, according to the CWS, is the average number of people employed or unemployed in the week prior to the census date. LFPR is defined as the percentage of the population in the labor force.

WPR (percentage) in urban CWS for people 15 years of age and older stood at 44.5% from July to September 2022, up from 42.3% in the same period a year ago. It was 43.9 percent in April to June 2022.

Fifteen PLFS Quarterly Bulletins corresponding to the quarter ended December 2018 to the quarter ended June 2022 have been published. The current Quarterly Bulletin is the sixteenth in the series from July to September 2022. PTI KKS MR.

This story was published from the wire dealer’s feed without text modification.

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