The unemployment rate for individuals of 15 years and above in city areas slipped to eight.7 per cent in October-December 2021 from 10.3 per cent in the year-ago quarter, confirmed a periodic labour power survey by the National Statistical Office (NSO).
Joblessness or unemployment rate (UR) is outlined as the share of unemployed individuals in the labour power.
Joblessness was excessive in October-December in 2020 primarily as a result of staggering impression of the lockdown restrictions in the nation, which had been imposed to curb the unfold of the lethal coronavirus.
The unemployment rate for individuals of age 15 years and above in July-September 2021 was 9.8 per cent in city areas, the thirteenth Periodic Labour Force Survey (PLFS) confirmed.
It additionally confirmed that the unemployment rate amongst females (aged 15 years and above) in city areas additionally declined to 10.5 per cent in October-December 2021 from 13.1 per cent a yr in the past. It was 11.6 per cent in July-September 2021.
Among males, the unemployment rate in city areas additionally dipped to eight.3 per cent in October-December 2021 in comparison with 9.5 per cent a yr in the past. It was 9.3 per cent in July-September 2021.
Labour power participation rate in CWS (present weekly standing) in city areas for individuals 15 years of age and above remained unchanged at 47.3 per cent in the October-December quarter of 2021, in comparison with the identical interval a yr in the past. It was 46.9 per cent in July-September 2021.
Labour power refers back to the a part of the inhabitants which provides or presents to provide labour for pursuing financial actions for the manufacturing of products and companies and subsequently, contains each employed and unemployed individuals.
NSO launched PLFS in April 2017. On the premise of PLFS, a quarterly bulletin is introduced out giving estimates of labour power indicators specifically unemployment rate, Worker Population Ratio (WPR), Labour Force Participation Rate (LFPR), distribution of staff by broad standing in employment and business of labor in Current Weekly Status (CWS).
The estimates of unemployed individuals in CWS give a median image of unemployment in a brief interval of seven days through the survey interval.
In the CWS method, an individual is taken into account unemployed if he/she didn’t work even for one hour on any day through the week however sought or was obtainable for work at least for one hour on any day through the interval.
Labour power in line with CWS is the variety of individuals both employed or unemployed on a median in per week previous the date of the survey. LFPR is outlined as the share of the inhabitants in the labour power.
WPR (in per cent) in CWS in city areas for individuals of age 15 years and above stood at 43.2 per cent in October-December 2021, up from 42.4 per cent in the identical interval a yr in the past. It was 42.3 per cent in July-September 2021.
Twelve quarterly bulletins similar to the quarter ending December 2018 to the quarter ending September 2021 have already been launched. The current quarterly bulletin is the thirteenth in the collection for the October-December 2021 quarter.
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