Unemployment rate dips to 7.2% during July-September 2022 in India


Unemployment rate for persons aged 15 years and above in urban areas declined to 7.2 per cent during July-September 2022 from 9.8 per cent a year ago, the National Statistical Office (NSO) said on Thursday. Joblessness or unemployment rate is defined as the percentage of unemployed persons among the labour force. Joblessness was high in July-September 2021 mainly due to the staggering impact of Covid-related restrictions in the country.
The latest data based on a periodic labour force survey, underlining a decline in the unemployment rate amid an improved labour force participation ratio, point towards a sustained economic recovery from the shadow of the pandemic. The unemployment rate for persons aged 15 years and above in April-June 2022 was 7.6 per cent in urban areas, the 16th Periodic Labour Force Survey (PLFS) showed.