Unemployment rate dips to 6.4% in urban areas in December quarter: NSSO
The National Sample Survey Office (NSSO) in its 25th Periodic Labour Force Survey (PLFS) data has showed that the unemployment rate in urban areas for people aged 15 years and above is dipped to 6.4 per cent in the October-December quarter from 6.5% for the same quarter of FY24. However, when compared sequentially it remained flat. Joblessness, or unemployment rate, is defined as the percentage of unemployed people in the labour force.
The unemployment rate among females in urban areas has declined to 8.1 per cent in October-December 2024 from 8.6 per cent in the same quarter a year ago, while it was 8.4 per cent for the July-September quarter of 2024. While the unemployment rate among males in urban areas remained flat at 5.8 per cent in October-December 2024 as compared to the rate of the same quarter a year ago and it was 5.7 per cent for July-September quarter of 2024.
Labour force participation rate in Current Weekly Status (CWS) in urban areas for people aged 15 years and above increased to 50.4 per cent in October-December from 49.9 per cent in the same quarter a year ago and 50.4 per cent for July-September quarter of 2024. Labour force refers to the part of the population, which supplies or offers to supply labour for pursuing economic activities for the production of goods and services and, therefore, includes both employed and unemployed persons.
