Claim: Unemployment rate in urban areas reduced to 8.7 percent, NSO said – business improved rapidly in October-December

Expansion

The rapid rise in economic and business activity after the pandemic has resulted in a 1.6 percent drop in the urban unemployment rate. The unemployment rate for persons aged 15 years and above in urban areas declined to 8.7 per cent in October-December 2021. This figure was 10.3 percent in the same period a year ago.

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According to the data released by the National Statistical Office (NSO) on Friday, the unemployment rate in urban areas stood at 9.8 per cent during July-September 2021. At the same time, due to the restrictions imposed to control the epidemic in the country, the unemployment rate was very high in October-December 2020. The percentage of unemployed persons in the total workforce is called the unemployment rate (UR). agency

decline in women’s unemployment

According to the NSO’s 13th Periodic Labor Force Survey (PLFS), the unemployment rate among women (aged 15 years and above) in urban areas also declined to 10.5 per cent in October-December, 2021. The unemployment rate among urban women stood at 13.1 per cent in the same period a year ago. In July-September 2021, this figure was 11.6 percent.

Relief on men’s front too

Similarly, the unemployment rate among males in urban areas also declined to 8.3 per cent from 9.5 per cent in October-December, 2020. This figure was 9.3 percent in July-September, 2021. The labor force participation rate in CWS (current weekly position) in urban areas remained unchanged at 47.3 per cent year-on-year in the October-December, 2021 quarter. In July-September, 2021, this figure was 46.9 percent.

Unemployment increased in cities compared to villages in April

In terms of unemployment, the condition of cities is worse than that of villages. According to data from the Center for Monitoring of Indian Economy (CMIE), the unemployment rate in urban areas rose to 9.22 per cent in April 2022. It was 8.28 per cent in March. During this period, the unemployment rate in rural areas came down to 7.18 percent from 7.29 percent in March.