Unemployment Rate: Unemployment increased rapidly due to Corona. According to government data, the unemployment rate in cities rose to 13.3 per cent in July-September 2020 from 8.4 per cent in the same period a year ago. This has been revealed from the Quarterly Periodic Labor Force Survey (PLFS) released by the Ministry of Statistics and Program Implementation (MoSPI) on Monday. However, in the previous quarter April-June 2020 quarter, it was even higher at 20.9 percent. According to the data released by the government, the unemployment rate was 9.1 percent in January-March 2020, 7.9 percent in October-December 2019, 8.4 percent in July-September 2019 and 8.9 percent in April-June 2019.
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Highest unemployment rate among youth
- According to the data released by the Union Ministry on Monday, 15-29 years old youth were the most unemployed in the cities in July-September 2020. In July-September 2020, the urban unemployment rate for people aged 15-29 years stood at 27.7 percent, which was 20.6 percent in July-September 2019 and 34.7 percent in April-June 2020.
- The unemployment rate for women stood at 15.8 per cent in July-September 2020, which is 9.7 per cent higher than the same period a year ago. However, in April-June 2020 it was at 21.2 percent.
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- Talking about the unemployment rate for urban men, it was 12.6 percent in July-September 2020, which was 8 percent in July-September 2019 and 20.8 percent in April-June 2020.
- According to the survey, the Labor Force Participation Rate was 31 percent in July-September 2020, compared to 36.8 percent in the same period a year ago. In April-June 2020, it was at 35.9 per cent.
- The Workforce Participation Rate stood at 32.1 percent in July-September 2020, which was 33.7 percent in July-September 2019. In April-June 2020, it stood at 28.4 percent.
In this way a person is considered unemployed
Unemployment figures for urban areas are released on a quarterly basis based on the Current Weekly Status (CWS-Current Weekly Status) and is different from the annual Periodic Labor Force Survey report which includes employment status in both villages and cities. is done. The CWS gives an average figure of unemployment in a short period of 7 days during the survey period. Under this, if a person does not get work even for an hour on any day in a week but he was available to work, then he is considered unemployed.