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The quarterly Periodic Labour Force Survey (PLFS) data released by the National Sample Survey Office (NSSO) has indicated that the unemployment rate for people aged 15 years and above in urban areas dipped to 6.4 per cent in the July-September quarter (Q2FY25). Joblessness, or unemployment rate, is defined as the percentage of unemployed people in the labour force. The unemployment rate in the September quarter of FY24 was 6.6 per cent. The unemployment rate for people aged 15 years and above...
Unemployment rate dips to 6.4% in Q2FY25: PLFS data
This week promises to be a rollercoaster for the global financial markets, with several major economic and political events converging. Investors and analysts should brace themselves for potential market volatility but also recognize potential opportunities to strategically enter positions. Here’s a breakdown of the upcoming key events and their potential impacts: ### 1. *November 5: U.S. Presidential Election* The United States will head to the polls on November 5, with the outcome...
A Big Week Ahead: Key Events Set to Shape Global Markets
Union Labour Minister Mansukh Mandaviya has said that there is no need for concern about job losses and there is no lack of jobs. Mandaviya stated that the country's unemployment rate would come down below 3 per cent in the future. He said the current unemployment rate is 3.2 per cent. It came down from 6 per cent in the 2017-18 period as employment generation has taken place under the Prime Minister Narendra Modi-led government. He also said the labour force participation has...
India’s unemployment rate to come down below 3% in the future: Mansukh Mandaviya
The labour market indicators have improved in the last six years, with the unemployment rate declining to 3.2 per cent in 2022-23, the Economic Survey 2023-2024 said on Monday. India’s workforce is estimated to be nearly 56.5 crore, of which more than 45 per cent are employed in agriculture, 11.4 per cent in manufacturing, 28.9 per cent in services, and 13 per cent in construction. The Indian economy needs to generate nearly 78.51 lakh jobs annually in the non-farm sector to...
Unemployment rate declines to 3.2 pc, job & skill creation top priority: Economic Survey
Australia's unemployment rate rose slightly to 4.1 per cent in June from 4 per cent in May, official labour force figures published by the Australian Bureau of Statistics (ABS) showed on Thursday. The total number of employed Australians rose by 50,200 between May and June but was offset by the number of jobless Australians rising by 9,700 in the same period, Xinhua news agency reported. The participation rate which measures the proportion of working-age Australians who are ei...
Australia`s unemployment rate rises to 4.1 per cent
The Periodic Labour Force Survey (PLFS) has indicated that India’s unemployment rate (UR) in urban areas for persons aged 15 years and above decreased during October-December 2023 to 6.5 per cent from 7.2 per cent in the year-ago period. According to the data, for male, UR decreased from 6.5 per cent in October-December 2022 to 5.8 per cent in October-December 2023, while for female UR decreased from 9.6 per cent in October-December 2022 to 8.6 per cent in October-Decembe...
India`s unemployment rate falls to 6.5% in October-December: PLFS
The National Sample Survey Office (NSSO) has said that the unemployment rate for people aged 15 years and above in urban areas declined to 6.6 per cent in the September quarter (Q2FY24) from 7.2 per cent a year ago. The unemployment rate in the March quarter of the previous fiscal was 6.8 per cent, while it was 6.6 per cent in April-June. The rate was 7.2 per cent in the third quarter of the previous fiscal. According to the survey, the unemployment rate among females (aged 15 years and ab...
Unemployment rate declines to 6.6% in Q2FY24: NSSO
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