Google News
logo
Daily Current Affairs
India's unemployment rate eases to what percentage in July-September 2022?
A)
7.2%
B)
7.6%
C)
7.9%
D)
8.4%

Correct Answer : Option (A) - 7.2%


India's Unemployment rate for persons aged 15 years and above in urban areas declined to 7.2 per cent during July-September 2022 from 9.8 per cent a year ago, the National Statistical Office (NSO) said on Thursday(24th Nov 2022).
 
* Joblessness or unemployment rate is defined as the percentage of unemployed persons among the labour force. Joblessness was high in July-September 2021 mainly due to the staggering impact of Covid-related restrictions in the country.
 
* The latest data based on a periodic labour force survey, underlining a decline in the unemployment rate amid an improved labour force participation ratio, point towards a sustained economic recovery from the shadow of the pandemic.
 
* The unemployment rate for persons aged 15 years and above in April-June 2022 was 7.6 per cent in urban areas, the 16th Periodic Labour Force Survey (PLFS).
 
* It also 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.
 
* Among males, the unemployment rate in urban areas dipped to 6.6 per cent in July-September 2022 compared to 9.3 per cent a year ago. It was 7.1 per cent in April-June 2022.
 
* Labour force participation rate in CWS (Current Weekly Status) in urban areas for persons aged 15 years and above increased to 47.9 per cent in the July-September quarter of 2022, from 46.9 per cent in the same period a year ago. It was 47.5 per cent in April-June 2022..

Source : Business Today

Published On : November 25, 2022
Advertisement