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Economic Survey: Labour markets, employment back to pre-pandemic levels

The Survey highlighted the measurement issues in calculating female LFPR

indian economy

The Survey observed that the rise in employment opportunities was due to improvement and streamlining of the skilling ecosystem.

Shiva Rajora New Delhi
The labour markets have recovered to pre-pandemic levels in both the urban and rural areas, as seen from the supply-side and demand-side employment data given in the Economic Survey 2022-23, which was tabled by Finance Minister Nirmala Sitharaman in Parliament on Tuesday.

Depicting the supply-side situation of the labour market, the Periodic Labour Force Survey 2020-21 conducted by the National Statistics Office notes that the rate of unemployment fell from 5.8 per cent in 2018-19 (FY19) to 4.2 per cent in 2020-21 (FY21), whereas the labour force participation rate (LFPR) also improved for both males and females.

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First Published: Jan 31 2023 | 9:08 PM IST

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