Unemployment has decreased, people are getting more jobs, know what are the new figures

By Sudhakar Yadav February 12, 2024 10:57 PM IST
Unemployment rate in India- India TV Paisa
Photo: FREEPIK unemployment rate in india

Unemployment rate in India: The unemployment rate has decreased in the country. The unemployment rate among persons aged 15 and above in urban areas of India declined to 6.5 percent during October-December, 2023. This information has been received from government data released on Monday. The unemployment rate in the same period last year was 7.2 percent. Keeping in mind the importance of availability of labor force data at time interval, NSSO had launched Periodic Labor Force Survey (PLFS) in April, 2017. The PLFS quarterly bulletin said the unemployment rate for men declined from 6.5 percent in October-December, 2022 to 5.8 percent in October-December, 2023.

Women’s unemployment rate also decreased

The unemployment rate for women declined from 9.6 percent to 8.6 percent over the same period. The survey further said that the Worker Population Ratio (WPR) for persons aged 15 years and above in urban areas increased to 46.6 per cent in October-December, 2023. It was 44.7 percent in October-December, 2022.

5 crore jobs will come in this sector

The Hotels Association of India (HAI) on Monday said that five crore direct and indirect employment opportunities are expected to be created in the hospitality and tourism sector in the next five to seven years. Chatwal, MD and CEO of Indian Hotels Company Limited, said that tourism is a pillar of development, which accounts for about 10 percent of the total employment generation and contributes eight percent to the gross domestic product (GDP). HAI vice-chairman K.B. Kachru said there has been a 271 per cent increase in recruitment in the last two years.

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