ECONOMY
Urban unemployment rate for September FY25 quarter marginally drops to 6.4%
- IBJ Bureau
- Nov 19, 2024
Unemployment rate for people aged 15 years and above in urban areas dipped to 6.4 per cent in the July-September quarter, according to the National Sample Survey Organisation (NSSO).
Joblessness or unemployment rate is defined as the percentage of unemployed people in the labour force.
Unemployment rate in urban areas in the September quarter of FY24 was 6.6 per cent.
Unemployment rate for people aged 15 years and above in the previous April-June quarter of FY25 was 6.6 per cent in urban areas, the 24th Periodic Labour Force Survey (PLFS) showed.
Unemployment rate among women (aged 15 years and above) in urban areas declined to 8.4 per cent in July-September 2024 from 8.6 per cent in the same quarter a year ago. The rate was 9 per cent in April-June 2024.
Among males, unemployment rate in urban areas declined to 5.7 per cent in July-September 2024 from 6 per cent in the same quarter a year ago. The rate was 5.8 per cent in April-June 2024.
Labour force participation rate in Current Weekly Status (CWS) in urban areas for people aged 15 years and above increased to 50.4 per cent in July-September from 49.3 per cent in the same quarter a year ago. The rate was 50.1 per cent in the April-June 2024.
Labour force refers to the part of the population, which supplies or offers to supply labour for pursuing economic activities for production of goods and services and, therefore, includes both employed and unemployed persons.
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