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Wednesday, Mar 23, 2022


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 1. Home
 2. economy
 3. urban joblessness eased to 9 8 in q2fy


URBAN JOBLESSNESS EASED TO 9.8% IN Q2FY22


URBAN UNEMPLOYMENT RATE WAS 20.9% IN THE APRIL-JUNE 2020 PERIOD WHEN THE FIRST
WAVE OF THE PANDEMIC HIT THE COUNTRY HARD.

Written by Surya Sarathi Ray
March 23, 2022 1:17:57 am
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According to the Centre for Monitoring Indian Economy (CMIE), which provides
more frequent insights into the employment-unemployment scenario, the urban
joblessness rate was 8.32% in July, 9.78% in August and 8.64% in September 2021.

Unemployment rate in urban India, in current weekly status (CWS), for all ages
stood at 9.8% in the second quarter of current fiscal, lower than 12.7%
prevailing in the first quarter, but 40 basis points higher than 9.4% prevailed
in the January-March quarter of the last fiscal.

Urban unemployment rate was 20.9% in the April-June 2020 period when the first
wave of the pandemic hit the country hard.



The latest available results of the quarterly Periodic Labour Force Survey
(PLFS), conducted by the ministry of statistics and programme implementation
(MoSPI), also showed that 22.5% of urban youth in the 15-29 years age group
remained unemployed during the July-September period of current fiscal, lower
than 27.7% in the year-ago quarter.

As per the PLFS yardsticks, the activity status of a person is determined on the
basis of reference period of last seven days preceding the date of survey, as
his/her CWS. Unemployment rate is defined as the percentage of the unemployed
persons in the labour force.

According to the Centre for Monitoring Indian Economy (CMIE), which provides
more frequent insights into the employment-unemployment scenario, the urban
joblessness rate was 8.32% in July, 9.78% in August and 8.64% in September 2021.

The rate stood at 7.37% in October, 8.2% in November, 9.3% in December, 8.16% in
January and 7.55% in February this year. PLFS data comes with a lag. During the
July-September 2021 period, unemployment for urban males for all ages was 9.3%.
It was 11.6% for their female counterparts. At 18.2%, urban Kerala had the
highest unemployment rate among all states.

Labour force participation rate, which is defined as the percentage of
population in the labour force for all age group during the July-September 2021
period, was 37%, same as that of the corresponding period last year. It was
37.1% during the April-June period of the current fiscal.

As per the latest quarterly PLFS report, the unemployment rate was the highest
at 27% for urban females in the 15-29 age group.

The quarterly PLFS, which is limited to urban areas, is different from annual
PLFS report. Annual PLFS covers both urban and rural areas and gives estimates
of labour force indicators both in CWS and usual status (US) method.

The US method records only those persons as unemployed who had no gainful work
for a major time during 365 days preceding the date of survey and were seeking
or available for work.

More Stories on
unemployment


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Textile fund validity beyond FY22 being looked at
House panel cautions against ‘early euphoria’ over drop in bad loans
A fifth of NHAI spend goes towards debt servicing
Free trade agreements: Panel recommends FTA review regime for mid-way
corrections
India stands tall amongst BRICS with highest CAGR returns since 2008
Urban joblessness eased to 9.8% in Q2FY22