India’s unemployment rate dips to 7.2% in July-September 2022 according to National Statistical Office (NSO)’s Periodic Labour Force Survey (PLFS).
- Considering the importance of availability of labour force data at more frequent time intervals, National Statistical Office (NSO) launched Periodic Labour Force Survey (PLFS) in April 2017.
- The objective of PLFS —
- to estimate the key employment and unemployment indicators (viz. Worker Population Ratio, Labour Force Participation Rate, Unemployment Rate) in the short time interval of three months for the urban areas only in the ‘Current Weekly Status’ (CWS).
- to estimate employment and unemployment indicators in both ‘Usual Status’ (ps+ss) and CWS in both rural and urban areas annually.
- 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.
- It 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.
- Unemployment rate was high in July-September 2021 mainly due to the staggering impact of Covid-related restrictions in the country.
- Unemployment rate or joblessness is defined as the percentage of unemployed persons among the labor force.
- Among males, the unemployment rate in urban areas declined to 6.6 per cent in July-September 2022 as against 9.3 per cent a year ago. It was 7.1 per cent in April-June 2022.