Unemployment rate dips to 7.2% in Oct-Dec 2022: PLFS 
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Unemployment rate dips to 7.2% in Oct-Dec 2022: PLFS

Unemployment rate for persons aged 15 years and above in urban areas declined to 7.2 percent during October-December 2022, said the PLFS report

PSU Watch Bureau

New Delhi: Unemployment rate for persons aged 15 years and above in urban areas declined to 7.2 percent during October-December 2022 from 8.7 percent a year ago, the National Sample Survey Survey (NSSO) showed.
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 percent only.

The unemployment rate (UR) for persons aged 15 years and above in April-June 2022 was 7.6 percent in urban areas, the 17th Periodic Labour Force Survey (PLFS) showed.

UR was 8.2 % in Jan-Mar 2022

In January-March 2022, the UR was 8.2 percent. It also showed that the unemployment rate among females (aged 15 years and above) in urban areas declined to 9.6 percent in October-December 2022 from 10.5 percent a year ago. It was 9.4 percent in July-September 2022, 9.5 percent in April-June 2022 and 10.1 percent in January-March 2022.

Among males, the unemployment rate in urban areas dipped to 6.5 percent in October-December 2022 compared to 8.3 percent a year ago. It was 6.6 percent in July-September 2022, 7.1 percent in April-June 2022 and 7.7 percent in January-March 2022.

Labour force participation increased to 48.2%

Labour force participation rate in CWS (Current Weekly Status) in urban areas for persons aged 15 years and above increased to 48.2 percent in the October-December quarter of 2022, from 47.3 percent in the same period a year ago. It was 47.9 percent in July-September 2022 and 47.5 percent in April-June 2022.

The WPR (in percent) in CWS in urban areas for persons aged 15 years and above stood at 44.7 percent in October-December 2022, up from 43.2 percent in the same period a year ago. It was 44.5 percent in July-September 2022 and 43.9 percent in April-June 2022. The present quarterly bulletin is the seventeenth in the series for the quarter October December 2022.

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