Female Labour Force Rises In India As Survey Shows Unemployment Rate Holding Steady
Unemployment rate remains unchanged at 3.2% in 2023-24, according to the periodic labour force survey published for July 2023 to June 2024.
Unemployment rate in India remained steady, while female labour force participation registered a sharp rise in urban and rural areas, as per latest government of India statistics.
Unemployment rate remains unchanged at 3.2% in 2023-24 for urban and rural areas, according to the periodic labour force survey published for July 2023 to June 2024.
According to the findings of the survey, published on Tuesday, urban unemployment rate fell to 5.1% in 2023-24 compared to 5.4% the previous year, while rural unemployment saw an uptick to 2.5% in 2023-24 compared to 2.4% last year.
For males and females across rural and urban areas, unemployment rate was at 3.2%.
Female Labour Force Participation Rises
The rise in labour force participation was led by females, from 37% in 2022-23 to 41.7% in 2023-24. For males in India, labour force participation increased to 78.8% in 2023-24 from 78.5% in 2022-23.
In rural areas, labour force participation rates increased to 63.7% in 2023-24 from 60.8% the previous year, while for urban areas it increased to 52% from 50.4% in the same duration.
This story will be updated shortly.
