Unemployment rate declines to 6.5% in Oct-Dec: PLFS

New Delhi: India's unemployment rate in urban areas for persons aged 15 years and above decreased during October-December 2023 to 6.5 percent from 7.2 percent in the year-ago period, as per government data released on Monday.

Considering the importance of the availability of labour force data at more frequent time intervals, the NSSO launched the Periodic Labour Force Survey (PLFS) in April 2017.

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"For male, UR (Unemployment Rate) decreased from 6.5 percent in October-December 2022 to 5.8 percent in October-December 2023, while for female UR decreased from 9.6 percent in October-December 2022 to 8.6 percent in October-December 2023," the Periodic Labour Force Survey (PLFS) quarterly bulletin stated.

PLFS further said the Worker Population Ratio (WPR) for persons aged 15 years and above in urban areas increased from 44.7 percent in October-December 2022 to 46.6 percent in October-December 2023.

For male, it increased from 68.6 percent to 69.8 percent during this period and for female, it increased from 20.2 percent to 22.9 percent during this period.

Labour Force Participation Rate in urban areas increased from 48.2 percent in October-December 2022 to 49.9 percent during the period under review for persons aged 15 years and above.

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