Unemployment rate at 5-year low of 4.1% in 2021-22, shows PLFS data

Quarterly PLFS survey for urban India shows unemployment rate stagnated at 7.2% after declining for five consecutive quarters

India’s unemployment rate dropped to a five-year low in July-June 2021-22 to 4.1 per cent, according to the latest annual Periodic Labour Force Survey (PLFS), released by the National Statistical Office (NSO) on Friday.

The unemployment rate under the so-called “usual status” during the one-year period declined for the fourth consecutive year since it was launched in April 2017.

In usual status, employment is determined on the basis of the reference period of 365 days preceding the date of the survey, as distinct from “employment status”, determined on the basis of a reference period of seven days, which is known