MoSPI: Unemployment rates fall in second quarter
The National Statistics Office working under Ministry of Statistcs and Programme Implementation released its Quarterly Bulletin on November 23, 2019. The report presented the unemployment status, Labor Force Participation Rate,
The urban unemployment rate fell to the lowest in the last 4 quarters. It was 9.3% between January and March, 2019 (2nd Quarter, Q2). In 2018, during the same quarter, the unemployment rate was 9.9%. The report was published by the Ministry of Statistics
Highlights of the report (for Q2)
According to the report the joblessness among the youth between 15 years and 29 years account to over a third of India’s population. The Labor Force Participation Rate (LFPR) among males is estimated to be 56.2% in urban area. It was 56% in April-June, 2018.
The LFPR among the female population is 15% as compared to 14.6% during April-June, 2018.
The Unemployment rate among males was 8.7% and among females were 11.6%.
Categories: India Current Affairs [Gov. & Politics]