IANS | 29 May, 2023
India's urban unemployment rate fell to 6.8 per cent during the
January-March period of 2022-23 from 7.2 per cent in the corresponding
period of last year, according to data released by the Ministry of
Statistics and Programme Implementation on Monday.
At
this rate, the unemployment rate in Indian cities is the lowest since
the quarterly periodic labour force survey (PLFS) came into existence in
2018-19.
As per this survey, a person is considered employed if
they worked for at least one hour on any day during the seven days
preceding the day they are surveyed.
In January-March, India's
urban unemployment rate fell even as the labour force participation rate
increased to 48.5 per cent from 48.2 per cent the previous quarter.
