During the week ended April 26, the unemployment rate was 21.1 per cent. This is substantially lower than the 26.2 per cent rate recorded in the preceding week. The latest weekly unemployment rate is also the lowest during the national lockdown.
However, the lower unemployment rate of the latest week is accompanied with a further fall in the labour participation rate. While the unemployment rate has been somewhat volatile as it bounced between 21 and 26 per cent during the lockdown period, the labour participation has declined in every week during the lockdown. The labour participation rate has dropped from 42.6
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