India Flash Bulletin

According to government statistics, India’s jobless rate fell to a six-year low of 3.2% between July 2022 and June 2023

<p>According to the Periodic Labour Force Survey Annual Report 2022–2023 published by the National Sample Survey Office, India’s unemployment rate for those ages 15 and over fell to a six-year low of 3.2% between July 2022 and June 2023.<img decoding=”async” class=”alignnone wp-image-226706″ src=”” alt=” according to government statistics indias jobless rate fell to a six year low of 3″ width=”1139″ height=”758″ srcset=” 275w,×100.jpg 150w” sizes=”(max-width: 1139px) 100vw, 1139px” title=”According to government statistics, India's jobless rate fell to a six-year low of 3.2% between July 2022 and June 2023 6″></p>
<p>The proportion of jobless people in the labor force is known as the unemployment rate or unemployment rate.</p>
<p>The NSSO introduced the Periodic Labour Force Survey (PLFS) in April 2017 in light of the significance of having access to labor force statistics at increasingly regular intervals.</p>
<p>The time frame used for this is July 2022 to June 2023. At the national level for those aged 15 and over, the Unemployment Rate (UR) in normal status decreased from 4.1% in 2021–22 to 3.2% in 2022–23.</p>
<p>The PLFS statistics provided on Monday revealed that the UR was 4.2% in 2020–21, 4.8% in 2019–20, 5.8% in 2018–19, and 6.2% in 2017–18.</p>
<p>The phrase “usual status” refers to the practice of basing employment (or a person’s status) on the 365-day reference period prior to the survey date.</p>
<p>According to the declaration on the data, the years 2021–22, 2020–21, 2019–20, 2018–19, and 2017–18 relate to the years July 2022–June 2023.</p>
<p>“UR declined from 5.3% in rural regions in 2017–18 to 2.4% in 2022–23, while it decreased from 7.7% to 5.4 percent in urban areas. In India, the UR for men dropped from 6.1% in 2017–18 to 3.3% in 2022–23, while the UR for women dropped from 5.6% to 2.9% during the same time, according to the report.</p>
<p>The study also revealed an increase in the labor force participation rate (LFPR) for those aged 15 and over from 49.8% in 2017–18 to 57.9% in 2018–19.</p>
<p>The labor force participation rate (LFPR) is the proportion of the population that is employed, actively seeking employment, or otherwise available for employment.</p>
<p>“The LFPR in rural regions climbed from 50.7% in 2017–18 to 60.8% in 2022–23, whereas it increased from 47.6% to 50.4% in urban areas. The LFPR for males in India climbed from 75.8% in 2017–18 to 78.5% in 2022–23, while the LFPR for females increased correspondingly from 23.3% to 37.0%, it said.</p>
<p>In addition, the Worker Population Ratio (WPR) in ordinary status (ps+ss) for those aged 15 and over grew from 46.8% in 2017–18 to 56% in 2022–23.</p>
<p>The proportion of employed people in the population is known as the WPR.</p>
<p>“WPR in urban areas climbed from 43.9 to 47.7 percent, while WPR in rural areas increased from 48.1% in 2017–18 to 59.4% in 2022–23. The WPR for men in India climbed from 71.2% in 2017–18 to 76.0% in 2022–23, while the WPR for women increased in a similar manner from 22.0% to 35.9%, it said.</p>
<p>On the basis of the data gathered in PLFS between July 2017 and June 2018, July 2018 and June 2019, July 2019 and June 2020, July 2020 and June 2021, and July 2021 and June 2022, five annual reports are published.</p>
<p>Now, the NSSO has released its sixth annual report based on the periodic labor force survey carried out between July 2022 and June 2023.</p>
<p>“The field work for the collection of information in respect of the samples, allotted for the period of July 2022-June 2023, was completed timely for the first visit as well as revisit samples, except for 51 first visit and 68 revisit FSUs for the state of Manipur, allotted in the last quarter, April-June 2023, which were treated as casualties, due to disturbed field situation and unavailability of internet services,” the report stated.</p>

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