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Unemployment rate UPSC NOTE

 

  • 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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Learnerz IAS | Concept oriented UPSC Classes in Malayalam: Unemployment rate UPSC NOTE
Unemployment rate UPSC NOTE
Learnerz IAS | Concept oriented UPSC Classes in Malayalam
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