Unemployment: Unemployment decreased in urban areas, unemployment rate came down to 6.5% in October-December quarter.

Unemployment: Unemployment decreased in urban areas, unemployment rate came down to 6.5% in October-December quarter.

Unemployment Rate: There is news of relief for Modi government. The unemployment rate has decreased in the urban areas of the country. The unemployment rate among people above 15 years of age has come down from 7.2 percent to 6.5 percent between October-December 2022 and October-December 2023. Labor force participation in urban areas has also increased during this period. 

NSSO  (National Sample Survey Office) has released the Periodic Labor Force Survey bulletin for the quarter of October to December 2023. According to this data, the unemployment rate among people above 15 years of age in urban areas has come down from 7.2 percent to 6.5 percent during October-December 2023 compared to the October-December 2022 quarter. The unemployment rate among men has come down from 6.5 percent to 5.8 percent while among women it has come down from 9.6 percent to 8.6 percent. 

According to the data, the Lobar Force Participation Rate (LFPR) is increasing among those living in urban areas and it has increased from 48.2 percent to 49.9 percent for people above 15 years of age. Female labor force participation has also increased during this period. Among women it has increased from 22.3 percent to 25 percent.   

During this period, an increase in the Worker Population Ratio (WPR) is being seen among people above 15 years of age. It has increased from 44.7 percent in October-December 2022 to 46.6 percent in October-December 2023. Among men it has increased from 68.6 percent to 69.8 percent, while among women it has increased from 20.2 percent to 22.9 percent. 

In this survey, NSO mainly targets urban areas in which working population ratio, labor force participation rate, unemployment rate are seen. The survey has been conducted among 169209 people in 44544 houses in 5697 UFS blocks during October – December 2023. 

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