Unemployment rate dips to 7.2% in July-September 2022: NSO survey
Unemployment rate for persons aged 15 years and above in urban areas declined to 7.2 per cent during July-September 2022 from 9.8 per cent a year ago, the National Statistical Office (NSO) said on Thursday.
Joblessness or unemployment rate is defined as the percentage of unemployed persons among the labour force. Joblessness was high in July-September 2021 mainly due to the staggering impact of Covid-related restrictions in the country.
The latest data based on a periodic labour force survey, underlining a decline in the unemployment rate amid an improved labour force participation ratio, point towards a sustained economic recovery from the shadow of the pandemic.
The unemployment rate for persons aged 15 years and above in April-June 2022 was 7.6 per cent in urban areas, the 16th Periodic Labour Force Survey (PLFS) showed.
It also showed that the unemployment rate among females (aged 15 years and above) in urban areas declined to 9.4 per cent in July-September, 2022 from 11.6 per cent a year ago. It was 9.5 per cent in April-June, 2022.
Among males, the unemployment rate in urban areas dipped to 6.6 per cent in July-September 2022 compared to 9.3 per cent a year ago. It was 7.1 per cent in April-June 2022.
Labour force participation rate in CWS (Current Weekly Status) in urban areas for persons aged 15 years and above increased to 47.9 per cent in the July-September quarter of 2022, from 46.9 per cent in the same period a year ago. It was 47.5 per cent in April-June 2022.
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.
NSO launched PLFS in April 2017. On the basis of PLFS, a quarterly bulletin is brought out giving estimates of labour force indicators namely unemployment rate, Worker Population Ratio (WPR), Labour Force Participation Rate (LFPR), distribution of workers by broad status in employment and industry of work in CWS.
The estimates of unemployed persons in CWS give an average picture of unemployment in a short period of seven days during the survey period.
In the CWS approach, a person is considered unemployed if he/she did not work even for one hour on any day during the week but sought or was available for work at least for one hour on any day during the period.
Labour force, according to CWS, is the number of persons either employed or unemployed on average in a week preceding the date of the survey. LFPR is defined as the percentage of the population in the labour force.
WPR (in per cent) in CWS in urban areas for persons aged 15 years and above stood at 44.5 per cent in July-September, 2022, up from 42.3 per cent in the same period a year ago. It was 43.9 per cent in April-June, 2022.
Fifteen Quarterly Bulletins of PLFS corresponding to the quarter ending December 2018 to the quarter ending June 2022 have already been released. The present Quarterly Bulletin is the sixteenth in the series for the quarter of JulySeptember 2022.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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