India’s unemployment rate at 6-year low of 3.2%: Report

Team Blitz India

NEW DELHI: India’s unemployment rate for persons aged 15 years and above was recorded at a six-year low of 3.2 per cent during July 2022-June 2023, as per the Periodic Labour Force Survey Annual Report 2022-2023.

Joblessness or unemployment rate is defined as the percentage of unemployed persons in the labour force.
Considering the importance of the availability of labour force data at more frequent time intervals, the NSSO launched the Periodic Labour Force Survey (PLFS) in April 2017.

The reference period here is from July 2022 to June 2023. The unemployment rate (UR) in usual status for persons of age 15 years and above at the all-India level came down to 3.2 per cent in 2022-23 from 4.1 per cent in 2021-22.

The unemployment rate was 4.2 per cent in 2020-21, 4.8 per cent in 2019-20, 5.8 per cent in 2018-19 and 6 per cent in 2017-18, the PLFS data showed.

The usual status means that the employment (status of a person) is determined based on the reference period of 365 days preceding the date of the survey.