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May 15, 2024 8:03 PM

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Unemployment rate in urban areas dips to 6.7% in March quarter: Govt survey

Unemployment rate in urban areas for persons aged 15 and above has decreased to 6.7 per cent during the previous quarter January to March 2024. The unemployment rate was 6.8 per cent during the corresponding period of last year. According to the Periodic Labour Force Survey quarterly bulletin (January to March 2024), the female unemployment rate decreased to 8.5 per cent.

 

According to the survey, the Labour Force Participation Rate in urban areas has shown an increasing trend from 48.5 per cent to 50.2 per cent from January to March 2024 in comparison to the corresponding period of last year.

 

In the same period, Female Labour Force Participation Rate in urban areas rose from 22.7 per cent to 25.6 per cent. The survey highlights an increasing trend in the worker population ratio for persons of age 15 years and above to 46.9 per cent from 45.2 per cent. The female worker population ratio in urban areas also rises from 20.6 per cent to 23.4 per cent during the survey period.