The unemployment rate has fallen sharply.

The urban unemployment rate has come down to 6.60 percent. According to a report released by the National Sample Survey Office (NSSO), Government of India, the urban unemployment rate decreased to 6.60 percent during the April-June period last year. This is down from 7.60 per cent in April-June 2022.

Unemployment rate.

How much has the unemployment rate fallen?

The unemployment rate declined marginally to 6.60 percent in the June quarter from 6.80 percent in the previous March quarter. Currently, this is continuing in the September quarter as well.

The shocking ongoing impact of the corona-related restrictions in the country is the main reason why unemployment was recorded at 6.60 percent in the September quarter.

Also, unemployment among women in urban areas is 8.60 percent in the current September quarter; Male mortality also decreased by 6 percent.

This is 9.40 percent respectively in the same period of last financial year; It was also 6.60 percent.

Increasingly, the current weekly labor force participation rate for 15-year-olds and above in urban areas rose to 49.30 in the September quarter.

This was 47.90 percent during the same period last year.

Under the current weekly status approach, a person is considered unemployed if he is willing to work any day of the week or at least one hour per week and is unable to work.