NEW DELHI: The unemployment rate amongst these in the 15 years and above age group in city areas held steady at 6.4% in comparison with the earlier quarter however on an annual foundation it dipped a tad, the outcomes of the Periodic Labour Force Survey (PLFS) confirmed on Tuesday.
The PLFS for the Oct-Dec 2024 quarter confirmed the unemployment holding steady on a sequential foundation but it surely dipped from 6.5% in Oct-Dec 2023 to six.4% in Oct-Dec 2024.
The joblessness rate amongst males inched up barely at 5.8% through the three month interval in contrast with 5.7% in the July-Sept quarter. Compared to the Oct-Dec 2023 interval, it held steady at 5.8% degree. Among females, the unemployment rate dipped marginally from 8.4% in July-Sept interval to eight.1% in Oct-Dec 2024. In Oct-Dec final 12 months the rate was 8.6%.
Jobs and wages have been at the centre of coverage debates. Officials say there’s a have to generate a mean of about 78.5 lakh jobs yearly till 2030 in the non-farm sector to cope with rising workforce. The labour power participation rate rose to 50.4% in Oct-Dec interval in comparison with 49.9% in Oct-Dec 2023, however on a sequential foundation, it held steady at the 50.4% recorded in July-Sept quarter.
