In the July-September 2024 quarter, India’s urban unemployment rate decreased to 6.4%, marking the lowest level observed in recent years. The rate has dropped from 6.6% in the previous quarter and remains consistent with the rate recorded in the same period last year. This improvement reflects positive trends in employment, particularly in urban areas, indicating progress in job creation and labor force participation.
Summary/Static | Details |
Why in the news? | India’s Unemployment Rate Drops to 6.4% in Q2 |
Urban Unemployment Rate | 6.4% |
Unemployment Rate (Men) | 5.7% |
Unemployment Rate (Women) | 8.4% |
Labour Force Participation Rate (LFPR) | 50.4% |
Women’s LFPR | 25.5% |
Worker Population Rate (WPR) | 47.2% |
WPR for Men | 70.7% |
WPR for Women | 23.4% |
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