India’s urban unemployment rate dropped for the fifth consecutive quarter in the July-September period of 2022-23 (FY23) to 7.2 per cent, according to the latest Periodic Labour Force Survey (PLFS) released by the National Statistical Office (NSO) on Thursday.
The unemployment rate in current weekly status terms for all ages in the September quarter (second quarter or Q2) of FY23 is the lowest unemployment rate recorded in more than four years, from the time the NSO launched India’s first computer-based survey in April 2017.
The unemployment rate among men and women has been estimated at 6.6 and 9.4 per cent,