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Source- This post on Labour Survey Report is based on the article “Unemployment rate has not fallen: labour survey” published in The Hindu on 25th September 2024.
Why in News?
The Periodic Labour Force Survey (PLFS) was recently released by the Labour Bureau for the period of July 2023 to June 2024. It provides insights into unemployment and workforce participation.
Key findings of the survey:
1. Unemployment Rate: The overall unemployment rate (UR) remains at 3.2%, similar to the previous year. There has been no significant change in the job market for sectors like manufacturing.
2. Increase in Agricultural Workers: The distribution of workers in agriculture has slightly increased, indicating more people are working in this sector. This shift suggests that many people are returning to agriculture, possibly because they couldn’t find jobs in other sectors.
3. Women’s Workforce Participation: A positive trend has been seen in the increase in women’s participation in the workforce. The number of women has significantly improved.
4. Labour Force Participation Rate (LFPR): The Labour Force Participation Rate (LFPR) is the percentage of people either working or actively looking for work. In rural areas, the LFPR increased from 50.7% in 2017-18 to 63.7% in 2023-24. In urban areas, it increased from 47.6% to 52% during the same period.
5. Increase in Male and Female LFPR: The LFPR for males rose from 75.8% in 2017-18 to 78.8% in 2023-24. For females, it increased from 23.3% to 41.7%, a significant rise, showing more women entering the workforce.
6. LFPR for Different Communities: The LFPR for Muslim women improved from 15% in 2021-22 to 21.4% in 2023-24. For Hindu women, the participation rose from 26.1% to 33.3% during the same period. The LFPR for Sikh women increased from 19.8% to 26.7% and for Christian women, it went from 34.2% to 38.3%.
7. Decline in Rural and Urban Unemployment: In rural areas, the unemployment rate dropped from 5.3% in 2017-18 to 2.5% in 2023-24. In urban areas, the rate decreased from 7.7% to 5.1%. The unemployment rate for males went from 6.1% to 3.2% and for females, it reduced from 5.6% to 3.2%.
UPSC Syllabus: Indian Economy
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