India's unemployment rate falls to 3.1% in 2023 from 3.6% in 2022

Indias unemployment rate for persons aged 15 years or above slipped to 3.1% in 2023, the lowest in the last three years, as per Periodic Labour Force Survey (PLFS). The rate stood at 3.6% in 2022 and 4.2% in 2021. The unemployment rate in Urban area stood at 5.2% in 2023 while that in rural area stood at 2.4%.

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