The Unemployment rate Inflation, which rose to double-digit levels during the pandemic, has improved significantly over the months as restrictions to contain the spread of the virus have been lifted and economic activity has picked up pace, putting growth on a broad basis. PLFS data showed that the unemployment rate for men fell to 5.8% in the April-June quarter from 6.1% in the January-March period, but was slightly lower than the 5.9% in the April-June quarter of 2023-24.
For women, the unemployment rate rose to 9% in the three months to June, higher than the 8.5% in the January-March quarter but slightly lower than the 9.1% in April-June 2023-24. The unemployment rate is defined as the percentage of unemployed people among the labor force.
The survey results also showed that the Labor force participation rate (LFPR) in urban areas remained almost similar at 50.1% during the April-June period of the current financial year, compared to 50.2% in the previous three-month period, but higher than the 48.8% in the April-June quarter of 2023-24.
According to the data, the LFPR for males increased to 74.7% in the April-June quarter of 2024-25 from 74.4% in the three months to March, higher than the 73.5% in April-June 2023-24. The LFPR is defined as the percentage of economically active persons in the population.
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