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LATEST NEWS UPDATES | Urban unemployment improved to best level in July-September -Abhishek Jha

Urban unemployment improved to best level in July-September -Abhishek Jha

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published Published on Nov 25, 2022   modified Modified on Nov 27, 2022

-Hindustan Times

Data also suggests that at least some of the improvement could be because of an increase in poor-quality jobs, a trend seen regularly since the Covid-19 pandemic

India’s headline urban unemployment rate reached its lowest-ever level in the quarter ending September 2022, according to the quarterly bulletin of the Periodic Labour Force Survey (PLFS) released by the National Statistical Office (NSO) on November 24. However, the bulletin’s data also suggests that at least some of the improvement could be because of an increase in poor-quality jobs, a trend seen regularly since the Covid-19 pandemic. Because quarterly PLFS reports do not cover rural labour markets, they only give a partial picture of the employment scenario in the economy.

India’s urban unemployment rate was 7.2% in the quarter ending September 2022, 40 basis points (it is one-hundredth of a percentage point) lower than the previous low of 7.6% in April-June 2022. The improvement was even bigger if one just considers unemployment rates for the September quarter. The lowest unemployment level seen in the September quarter earlier was 8.4% in July-September 2019. Comparing rates of the same quarter is important because unemployment rates also change due to the seasonal nature of some jobs.

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Hindustan Times, 25 November, 2022, https://www.hindustantimes.com/india-news/urban-unemployment-improved-to-best-level-in-julyseptember-101669349695663.html


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