Unemployment rate dips to 7.2% in October-December: govt. survey

Joblessness was high in October-December 2021 mainly due to the staggering impact of Covid-related restrictions in the country

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

Joblessness or unemployment rate is defined as the percentage of unemployed persons among the labour force.

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% only.

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

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

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