Unemployment rate to decline to 6.8% in January-March 2023: Government survey – Times of India

New Delhi: The unemployment rate For persons aged 15 years and above in urban areas declined to 6.8 per cent during January-March 2023 from 8.2 per cent a year earlier, according to the National Sample Survey Survey (NSS).NSSO) Has shown.
Unemployment Or the unemployment rate is defined as the percentage of unemployed persons in the labor force.
Unemployment was high in January-March 2022, mainly due to the cascading effect of COVID-related restrictions in the country.
The unemployment rate in July-September 2022 and October-December 2022 was only 7.2 percent. It was 7.6 percent in April-June 2022.
The unemployment rate (UR) for persons aged 15 years and above in April-June 2022 stood at 7.6 per cent in urban areas, showed the 18th Periodic Labor Force Survey (PLFS).
The unemployment rate in January-March 2022 was 8.2 percent.
It also showed that the unemployment rate among women (aged 15 years and above) in urban areas declined to 9.2 per cent in January-March 2023 from 10.1 per cent in the same quarter a year ago. It was 9.6 per cent in October-December 2022, 9.4 per cent in July-September 2022 and 9.5 per cent in April-June 2022.
Among men, the unemployment rate in urban areas declined to six per cent in January-March 2023, compared to 7.7 per cent in the same quarter a year ago. It was 6.5 per cent in October-December 2022, 6.6 per cent in July-September 2022 and 7.1 per cent in April-June 2022.
The labor force participation rate in the CWS (current weekly status) in urban areas for persons aged 15 years and above increased to 48.5 per cent in the January-March quarter of 2023 from 47.3 per cent in the same period a year ago. It was 48.2 per cent in October-December 2022, 47.9 per cent in July-September 2022 and 47.5 per cent in April-June 2022.
Labor force refers to that part of the population which supplies or offers to supply labor for carrying out economic activities for the production of goods and services and, therefore, includes both employed and unemployed persons.
NSSO launched PLFS in April 2017. On the basis of PLFS, a quarterly bulletin is brought out, in which labor force indicators are estimated, such as unemployment rate, worker population ratio (in PR), labor force participation rate (LFPR), employment in the CWS and distribution of workers by broad position in the industry of work.
The estimates of unemployed persons in the CWS give an average picture of unemployment in the short run of seven days during the survey period. In the CWS approach, a person is considered unemployed if he does not work for even one hour on any day during the week, but is sought or required to work for at least one hour on any day during this period. is available for
The labor force, according to the CWS, is the number of persons, either employed or unemployed, on an average in the week preceding the date of the survey. LFPR is defined as the percentage of the population in the labor force.
The WPR (in percentage) in CWS in urban areas for persons aged 15 years and above was 45.2 per cent in January-March 2023 as against 43.4 per cent in the same period a year ago. It was 44.7 per cent in October-December 2022, 44.5 per cent in July-September 2022 and 43.9 per cent in April-June 2022.
The present Quarterly Bulletin is the eighteenth in the series for the quarter January-March 2023.