Unemployment rate in India increased to 7.45 per cent in February from 7.14 per cent in January 2023. The number of unemployed persons in the labour force increased from 31.5 million to 33 million. While the rise in unemployment rate was accompanied with a small increase in labour participation rate, the employment rate in February remained at levels recorded in January. Urban India fared better than rural India in terms of employment. Rural India experienced a significant increase in unemployment.
There was a marginal improvement in India’s labour participation rate to 39.92 per cent in February compared to 39.8
There was a marginal improvement in India’s labour participation rate to 39.92 per cent in February compared to 39.8
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