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

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.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)