Data from the Periodic Labour Force Survey (PLFS) released showed that the urban unemployment rate fell to 6.7% in Q4FY24 from 6.8% in Q4FY23, although it rose sequentially from 6.5% in the December 2023 quarter
It is a survey conducted by the NSO under the Ministry of Statistics and Programme Implementation (MoSPI) to measure the employment and unemployment situation in India
India’s unemployment rate in urban areas fell sharply to 6.6% in FY24 from 7.2% in the previous year, helped by the smart growth in the economy
The quarterly bulletin (January- March 2024) of Periodic Labour Force Survey shows a consistent increase in labour force participation rate (LFPR) and worker population ratio (WPR) and decreasing unemployment rates (UR) in urban areas
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