Daily Current Affairs on India's Unemployment Rate Drops from 6% to 3.2% for Bihar civil service (BPSC) Preparation

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Indian Economy - Understanding the basics of Indian economic system

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India's Unemployment Rate Drops from 6% to 3.2%

Citing the data available in the Annual Periodic Labour Force Survey (PLFS) the ministry of Labour and Employment has observed a fall in the unemployment rate.

  • The fall in the unemployment rate was from 6.0 per cent to 3.2 per cent.between 2017 and 2024.
  • The Annual Periodic Labour Force Survey (PLFS) report states Unemployment Rate on usual status for persons of age 15 years and above.
  • During the same time period, the estimated Worker Population Ratio (WPR) has increased from 46.8% in 2017-18 to 58.2% in 2023-24.
  • The Worker Population Ratio (WPR) is a report indicating employment during the last 7 years, including the COVID period.
  • The data was presented by Union Minister of State for Labour and Employment, Shobha Karandlaje in the Rajya Sabha on Thursday ( 5 December).

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