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India employment rate increases to 36.9% in March quarter, up from 36.6% in December

India’s employment rate has shown a marginal improvement in the March quarter, with an increase of 0.3% from the previous quarter, according to the latest data released by the Centre for Monitoring Indian Economy (CMIE). In March 2023, India’s employment rate rose to 36.9%, up from 36.6% in December 2022, while the number of unemployed individuals decreased by nearly two million, underscoring the fact that many people were able to obtain jobs.

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Recent Trends In labor market in India:

The labor market in India has experienced a positive change, with more than 15 million individuals joining the workforce in the past three quarters. Out of these, over 11.2 million people were able to secure employment, indicating a larger number of willing workers finding work.

During the last quarter of 2022-23, the labor market in India exhibited weakness, as per the latest data. The labor participation rate (LPR) declined from 40.5% in December to 39.8% in March 2023. While the unemployment rate saw a small decrease from 8.3% to 7.8% during this period, the employment rate saw a substantial decline.

The employment rate fell from 37.1% in December 2022 to 36.7% by March 2023, indicating a decline in the number of people employed. These figures suggest that the labor market in India is facing challenges, and there is a need for policy interventions to create more job opportunities and improve employment rates.

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India employment rate increases to 36.9% in March quarter, up from 36.6% in December_40.1

India employment rate increases to 36.9% in March quarter, up from 36.6% in December_50.1

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