The jobless rate in urban areas has been steadily declining since the high of 12.6 per cent recorded in the Covid-affected April-June quarter of FY22.
This unemployment rate in current weekly status (CWS) terms for those above 15 in the December quarter is the lowest recorded in five years since the time the NSO began releasing India's quarterly urban jobless rate in April 2017. While the unemployment rate among women stagnated at 8.6 per cent during the quarter, the jobless rate among men declined to 5.8 per cent om 6 per cent in the previous quarter.
These figures have also been declining since the June quarter of FY22, when they were estimated at 12.2 per cent and 14.3 per cent, respectively.
This story is from the February 13, 2024 edition of Business Standard.
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This story is from the February 13, 2024 edition of Business Standard.
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