According to the latest findings from the National Sample Survey (NSSO), the unemployment rate among individuals aged 15 and above in urban areas has witnessed a marginal decrease, sliding to 6.7 per cent during the January-March period of this year from 6.8 per cent a year earlier.
The NSSO’s 22nd Periodic Labour Force Survey (PLFS) revealed that the unemployment rate for both genders experienced fluctuations over the past year.
Among females aged 15 years and above, the rate dropped to 8.5 per cent in the first quarter of 2024, down from 9.2 per cent in the corresponding period last year. Conversely, the male unemployment rate in urban areas rose slightly to 6.1 per cent in January-March 2024 compared to 6 per cent during the same period in the previous year.
The PLFS data also shed light on the labour force participation rate (LFPR) in urban regions, which increased to 50.2 per cent in the first quarter of 2024, marking a notable rise from 48.5 per cent recorded in the same period in the previous year.
The quarterly bulletin released by the NSSO, based on PLFS, provides crucial insights into various labour force indicators, including unemployment rate, worker population ratio (WPR), LFPR, and distribution of workers across different employment statuses and industries.
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It’s noteworthy that the PLFS, initiated in April 2017, offers a comprehensive understanding of labour dynamics through its Current Weekly Status (CWS) approach, wherein individuals are classified as unemployed if they didn’t engage in any work for at least an hour throughout the surveyed week but were actively seeking or available for employment.
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