Unemployment rate in India remained steady, while female labour force participation registered a sharp rise in urban and rural areas, as per latest government of India statistics. To be sure, a part of the rise was led by the rise in share of self employed females.
Unemployment rate remains unchanged at 3.2% in 2023-24 for urban and rural areas, according to the periodic labour force survey published for July 2023 to June 2024.
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According to the findings of the survey, published on Tuesday, urban unemployment rate fell to 5.1% in 2023-24, compared to 5.4% the previous year, while rural unemployment saw an uptick to 2.5% in 2023-24, compared to 2.4% last year.
For males and females across rural and urban areas, unemployment rate was at 3.2%.
Female Labour Force Participation Rises
The rise in labour force participation was led by females, from 37% in 2022-23 to 41.7% in 2023-24. For males in India, labour force participation increased to 78.8% in 2023-24, from 78.5% in 2022-23.
In rural areas, labour force participation rates increased to 63.7% in 2023-24 from 60.8% the previous year, while for urban areas it increased to 52% from 50.4% in the same duration.
Self Employment Picks Up
The share of self employed persons rose from 57.3% in 2022-23 to 58.4% in 2023-24. The rise was across rural and urban areas, led by a rise in share of helpers in household enterprises.
In case of females, they saw a rise in the share of own account workers and employers, while males saw a rise in share as helpers in household enterprises.
On an aggregate, the share of regular wage or salaried employees rose, accompanied with a fall in the share of casual labour.
Agriculture Continues To RiseÂ
The agriculture sector continued to see a modest uptick in share in workers classified by broad industry division, while construction saw a modest decline.
The share of workers employed by the agriculture sector rose by 46.1% in 2023-24, compared to 45.8% a year ago.
While manufacturing continued to see a steady share of workers at 11.4%, construction saw fewer workers at 12% in 2023-24, compared to 11% an year ago.
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