Unemployment rate drops to 6.5% in Oct-Dec 2023: NSO survey
A "steady rise" recorded in labour force rarticipation rate among urban residents, with figures climbing from 48.2% to 49.9%.
A "steady rise" recorded in labour force rarticipation rate among urban residents, with figures climbing from 48.2% to 49.9%.
The country's job crisis is structural and systemic; reliance on high growth and manufacturing has simply not worked.
Demand for work under MGNREGS was at its lowest in October 2022 in this fiscal so far, signalling a decline in unemployment rate in rural areas, says the ministry.
As formal and well-paying jobs continue to disappear, reverse migration to informal and low-paying work could hit economic growth.