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India’s Unemployment Rate Eases to 7.2% in July-September 2022

India’s Unemployment Rate Eases to 7.2% in July-September 2022
India’s Unemployment Rate Eases to 7.2% in July-September 2022
  • 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).
  • India’s urban unemployment rate dropped for the fifth consecutive quarter in the July-September period of 2022-23 (FY23) to 7.2 per cent, according to the latest Periodic Labour Force Survey (PLFS) released by the National Statistical Office (NSO).
  • The unemployment rate in current weekly status terms for all ages in the September quarter (second quarter or Q2) of FY23 is the lowest unemployment rate recorded in more than four years, from the time the NSO launched India’s first computer-based survey in April 2017.

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Published date : 25 Nov 2022 06:01PM

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