Unemployment Rate Fell To 4.2% In 2020-21: Report

The unemployment rate or the proportion of persons in the labour force who could not find jobs has dipped to 4.2 per cent in July 2020-June 2021 from 4.8 per cent a year ago amid the pandemic that caused economic disruption, showed a Government survey..The unemployment rate was 5.8 per cent in 2018-19 and 6.1 per cent in 2017-18, as per a statement on the Periodic Labour Force Survey (PLFS) issued by the Ministry of Statistics and Programme Implementation on Tuesday..According to the PLFS annual report (July 2020 to June 2021), the joblessness or unemployment rate (UR) for persons of all ages came down to 4.2 per cent from 4.8 per cent a year ago (2019-20)..The data showed that joblessness has come down gradually during the four years till 2020-21 (July to June)..Similarly, the UR among males has also come down to 4.5 per cent in 2020-21 from 5.1 in 2019-20, six per cent in 2018-19 and 6.2 per cent in 2017-18..The same trend of decline in the UR was found among females as it dipped to 3.5 per cent 2020-21 from 4.2 per cent in 2019-20, 5.2 per cent in 2018-19 and 5.7 per cent in 2017-18..Worker Population Ratio (WPR) has also improved. The WPR is defined as the percentage of employed persons in the population..The WPR has increased to 39.8 per cent in 2020-21 from 38.2 in 2019-20, 35.3 per cent in 2018-20 and 34.7 per cent in 2017-18..The WPR in females also improved to 24.2 per cent in 2020-21 from 21.8 per cent in 2019-20. The WPR among males also rose to 54.9 per cent from 53.9 per cent in 2019-20..Labour Force Participation Rate (LFPR) has also increased. The LFPR is defined as the percentage of persons in the labour force (i.e. working or seeking or available for work)in the population..The LFPR has risen to 41.6 per cent in 2020-21 from 40.1 per cent in 2019-20. It has also increased among males to 57.5 per cent in 2020-21 from 56.8 per cent in 2019-20. It rose in females to 25.1 per cent in 2020-21 from 22.8 per cent in 2019-20..(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

Unemployment Rate Fell To 4.2% In 2020-21: Report

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