New Delhi: The unemployment rate in India’s urban areas has declined in the July-September quarter this year. Data released by the National Sample Survey Office (NSSO) revealed this. Joblessness, or unemployment rate, is defined as the percentage of unemployed people in the labour force.
As per the data, unemployment rate for people aged 15 years and above in urban areas declined to 6.6% in the September quarter. It was at 7.2% in the same period of the previous year .
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The unemployment rate in the March quarter of the previous fiscal was 6.8%. It was at 6.6% in April-June. The rate was 7.2% in the third quarter of the previous fiscal.
The unemployment rate for people aged 15 years and above in July-September 2022 was 7.2% in urban areas. The unemployment rate among females (aged 15 years and above) in urban areas declined to 8.6% in July-September from 9.4% in the same quarter a year ago. It was 9.1% in April-June, 9.2% in January-March and 9.6% in October-December 2022.
Labour force participation rate in Current Weekly Status (CWS) in urban areas for people aged 15 years and above increased to 49.3% in the July-September quarter of 2023, from 47.9% in the same period a year ago. It was 48.8% in April-June 2023, 48.5% in January-March 2023 and 48.2% in October-December 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.
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