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Searched Tag: urban unemployment
Unemployment is India's major problem.

India Employment Report 2024 underscores India’s grim employment scenario; Worse than Covid-19 days

March 28, 2024, 03:46 PM - 2 min read

The report states, “Youth unemployment rate doubled between 2000 and 2019 [which is before Covid-19], rising from 5.7% to 17.5%, but then dropped to 12.4% in 2022.”

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India has witnessed a significant drop in its unemployment rate to 3.1% in 2023, marking its lowest level in the past three years, according to data released by the National Sample Survey Organisation (NSSO) under the MoSPI.

India’s unemployment rate dips to 3.1% in 2023, lowest in 3 years: NSO data

March 6, 2024, 11:19 AM - 2 min read

The data reveals a substantial recovery in the employment scenario post the impact of the Covid-19 pandemic, with increased economic activity following the lifting of lockdowns by the Central and State governments. The unemployment rate, defined as the percentage of unemployed individuals in the labour force, reflects this encouraging trend.

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Image for representative use only.

Price pressure cooker: Commercial LPG costs spike, Businesses under strain

March 1, 2024, 03:10 PM - 2 min read

State-run oil marketing companies (OMCs) have implemented a fresh round of price hikes for commercial LPG gas cylinders, affecting consumers across major cities in India. Effective from March 1, 2024, the prices of 19 kg commercial LPG cylinders have been increased by ₹25. This surge marks the second consecutive month of price hikes, following a similar increase in February.

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MoSPI announced on Monday that the unemployment rate in urban areas declined to 6.5% in the three months leading up to December

Urban unemployment drops to 6.5% in Q4: MoSPI report

February 13, 2024, 06:26 PM - 2 min read

According to the report, the labor force participation rate (LFPR) in urban areas, representing the proportion of individuals actively engaged in or seeking employment, exhibited a positive trajectory, ascending from 48.2% to 49.9% over the course of the year

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