Urban jobless rate reaches four quarter high in Q4FY24: PLFS data.

Economy Business

Urban unemployment rate increased to touch 6.7 per cent in Q4 (January-March) of FY24, up sequentially from 6.5 per cent in the preceding quarter, according to the Periodic Labour Force Survey (PLFS) data, released by the National Statistical Office (NSO) on Wednesday.The headline unemployment rate in the current weekly status (CWS) terms for those above 15 years is the highest since the January-March 2023 quarter, when the unemployment rate touched 6.8 per cent. In CWS, the activity status is determined on the reference period over the past seven days preceding the date of the survey.


      Urban jobless rate has been declining since a peak of 12.6% in Q1 FY22.

      Unemployment rate among women decreased to 8.5%, while for men it increased to 6.1%.

      Youth (15-29 age) jobless rate rose to 17% in Q4 from 16.5% in Q3.

 

     


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