Business

Unemployment Rate Decreased To 9.8% In July-September 2021: Report


The unemployment rate for those aged 15 and above in urban areas has declined

New Delhi:

The unemployment rate for those aged 15 and above in urban areas dropped to 9.8 per cent in July-September 2021 from 13.2 per cent in the same quarter a year earlier, according to the periodic labor force survey (PLFS) by the Office for National Statistics (NSO).

Unemployment or unemployment rate (UR) is defined as the percentage of unemployed in the labor force.

Unemployment was high in July-September in 2020 mainly due to the gradual effect of sanctions in the country imposed to curb the spread of the deadly coronavirus.

The unemployment rate for those aged 15 and above in April-June 2021 was 12.6 percent in urban areas, the 12th PLFS showed.

It also showed the unemployment rate among women (age 15 and above) in urban areas also dropped to 11.6 per cent in July-September 2021 from 15.8 per cent a year ago. It was 14.3 percent in April-June 2021.

Among men, UR in urban areas also declined to 9.3 per cent in July-September 2021 compared to 12.6 per cent a year ago. It was 12.2 percent in April-June 2021.

The labor force participation rate in the CWS (current weekly status) in urban areas for those aged 15 and above was 46.9 per cent in the July-September 2021 quarter, down from 47.2 per cent in the same period last year. It was 46.8 percent in April-June 2021.

Labor force refers to the portion of the population that supplies or offers to supply labor to carry out economic activities for the production of goods and services and therefore, includes both employed and unemployed persons.

NSO launched PLFS in April 2017. Based on PLFS, a quarterly bulletin is issued providing estimates of labor force indicators namely UR, Workforce Population Ratio (WPR), Labor Force Participation Rate (LFPR), distribution of workers by broad status in employment and employment industry in Status Current Weekly (CWS).

The unemployment estimates in the CWS give a picture of the average unemployment in the short seven -day period during the survey period.

In the CWS approach, a person is considered unemployed if he or she does not work even for one hour on any day of the week but seeks or is willing to work for at least one hour on any day during that period.

The labor force according to the CWS is the number of people either employed or unemployed on average in the week before the date of the survey. LFPR is defined as the percentage of the population in the labor force.

WPR (in percent) in CWS in urban areas for those aged 15 and over was at 42.3 percent in July-September 2021, up from 40.9 percent in the same period last year. It was 40.9 percent in April-June, 2021.

Agrasmartcity

Welcome to India's Largest news platform, I assure you that we daily update on Global news which helps you to grow your knowledge.

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button
AllEscortAllEscort