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Indian Economy - Understanding the basics of Indian economic system

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Kerala tops youth unemployment rate

The Ministry of Statistics and Programme Implementation (MOSPI) released a report Periodic Labour Force Survey (PLFS) . 

Highlights of the report 

  • Kerala recorded the highest unemployment rate among the 15-29 age group in urban areas for the January-March quarter of 2024, while Delhi had the lowest joblessness rate.
  • The survey covered 22 states and Union territories.
  • The survey identified Jammu & Kashmir, Telangana, Rajasthan, and Odisha as other states with high unemployment rates in this age category. 
  • The overall unemployment rate for the 15-29 age group was 17 per cent for the January-March period, an increase from 16.5 per cent in the previous quarter but slightly lower than the 17.3 per cent reported in the same period in 2023.
  • For all age groups, the unemployment rate was 6.7 per cent , marginally up from 6.5 per cent in the previous quarter and slightly below the 6.8 per cent from the previous year.

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