Team Blitz India
NEW DELHI: India’s unemployment rate dropped to 3.1 per cent in 2023 from 3.6 per cent in the preceding year, revealed the latest employment-unemployment report released by the National Statistical Office (NSO) on March 4.
During the calendar year 2023 (CY23), the unemployment rate in both rural and urban areas declined to 2.4 per cent and 5.2 per cent, respectively, from 2.8 per cent and 5.9 per cent in 2022.
The unemployment rate for rural women (1.9 per cent) was lower than for rural men (2.7 per cent) in 2023, whereas in urban areas, the rate was higher for women (7.5 per cent) compared to men (4.4 per cent).
The unemployment rate under the so-called usual status for persons aged 15 years and above during the one-year period shows a decline for the second consecutive year since 2021 when the NSO report started enlisting data on an annual basis.
Usually, the annual Periodic Labour Force Survey by the NSO collects data related to employment and unemployment status in the country between July and June.
