After 5 yrs of decline, India's unemployment rate stuck at 3.2%
For youth aged 15-29, the unemployment rate stood at 10.2%; urban female youth experienced the highest unemployment rate at 20.1%
For youth aged 15-29, the unemployment rate stood at 10.2%; urban female youth experienced the highest unemployment rate at 20.1%
The ministry says it strongly rebuts such reports which do not analyse all official data sources available in the public domain.
With youth constituting 82.9% of total unemployment, fertility rate below replacement level since 2021 and working-age population set to decline by 57% during 2031-41, demographic dividend is over
India should give primacy to labour-intensive manufacturing employment to absorb the abundant unskilled labour, says ILO
The report highlights that in rural areas, the unemployment rate declined to 2.4% in 2023, as against 2.8% in the preceding year.
The female unemployment rate of persons aged 15 years and above stood at 8.6% during the period under review, as against 9.4% in the same period last year.
Jobs continue to shift from high-productive, high-paying to low-productive, low-paying informal sectors; wages and social security fall – all pointing to a job crisis
The unemployment rate in both rural and urban areas dipped to 2.4% and 5.4%, respectively
According to CMIE, the unemployment rate in rural areas fell to 6.20% in September from 7.11% in August this year.
Policies oriented towards achieving faster GDP growth will not necessarily speed up job creation, says a report by Azim Premji University