The urban unemployment rate declined to its lowest level in over four years of 6.5% in October-December 2023 (Q3FY24).

National

The urban unemployment rate declined to its lowest level in over four years of 6.5% in October-December 2023, while the female labour force participation rate rose to its highest level of 25%, according to quarterly Periodic Labour Force Survey (PLFS) data released. Urban unemployment was 7.2% in October-December 2022 and 6.6% in the previous quarter. During the pre-pandemic period, the urban unemployment rate ranged from 7.8-9.7%, as per the PLFS. The decline in the overall unemployment rate during Q3 FY24 was due to a drop in the male unemployment rate, which fell from 6.0% in Q2FY24 to 5.8% in Q3FY24. The female unemployment rate stayed flat at 8.6% in Q3FY24. The Worker Population Ratio (WPR) also increased to 46.6% in Q3FY24 from 46.0% in Q2FY24.The WPR is defined as the percentage of employed persons in the population.


      For the PLFS latest report, the National Sample Survey Organisation surveyed 44,544 households and 169,209 persons in urban areas.

     

     

 

     


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