Urban Jobless Rate in India Declines to 6.5% in Q3FY24: PLFS Data Analysis
The latest Periodic Labour Force Survey (PLFS) data released by the National Statistical Office indicates a continued improvement in India’s urban labour markets. The urban jobless rate for Q3FY24 dropped to 6.5%, showcasing a marginal decrease from the previous quarter and marking a significant decline from the peak observed during the Covid-affected period in FY22.
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