Unemployment Rate

New labour codes to increase formalisation 15%, says SBI report

SBI expects India's four new labour codes to boost formalisation 15%, extend social security to 85%, and create 7.7M jobs, though costs and state rules may affect results

Unemployment rate unchanged at 5.2% in October, shows PLFS data

The jobless rate in rural areas fell to 4.4 per cent from 4.6 per cent during this period

Unemployment rate remains steady at 5.2% in October, reveals govt survey

The rate of unemployment for those aged 15 and above remained steady at 5.2 per cent in October, according to a government survey released on Monday. The unemployment rate (UR) was 5.2 per cent in September, 5.1 per cent in August, 5.2 per cent in July and 5.6 per cent in May and June, as per the Periodic Labour Force Survey (PLFS) released by the Ministry of Statistics and Programme Implementation (MoSPI). The UR was 5.1 per cent in April as per the first PLFS bulletin released in May 2025. "The UR among persons of age 15 years and above remained unchanged at 5.2 per cent between September, 2025 and October, 2025," an official statement said. According to the statement, a marginal decline in the rural unemployment rate, from 4.6 per cent in September 2025 to 4.4 per cent in October 2025, coupled with a moderate rise in urban UR from 6.8 per cent to 7.0 per cent, resulted in overall stability in the pace of joblessness among persons aged 15 years and above. It stated that UR among

Rising unemployment grave concern but PM always in election mode: Congress

The Congress on Thursday said "rising unemployment" has become a matter of "grave concern" but Prime Minister Narendra Modi, instead of solving this problem, is always in "election mode", busy "inventing new speeches" to divert the attention of the public. Congress general secretary in-charge communications Jairam Ramesh said the "past 11 years of misrule" have hit all sections of society. "Students, youth, farmers, labourers, workers, shopkeepers, employees, businessmen - not a single section is happy with this government. Inflation is skyrocketing, the value of the rupee is continuously falling, and the gap between rich and poor is ever-widening, making life difficult for poor and middle-class families," Ramesh said in his post in Hindi on X. "In this context, rising unemployment has become a matter of grave concern," the Congress leader said. Citing the latest CMIE report, Ramesh said the country's unemployment rate rose to 7.5% in October 2025, the highest level in the last six

Datanomics: Slack in informal manufacturing in pre-tariff quarter

First-ever quarterly estimates of unincorporated enterprises show job and enterprise losses in manufacturing, raising concerns over India's growth outlook

India's unemployment rate was 5.1% in Apr: 1st monthly labour force survey

Youth unemployment stood at 13.8% in April while the overall jobless rate was 5.1%, with higher joblessness in urban areas, according to NSO's first monthly labour survey

India lifted 171 mn people from extreme poverty between 2011-23: World Bank

India has lifted 171 million people from extreme poverty in the decade between 2011-12 and 2022-23, the World Bank said. "Over the past decade, India has significantly reduced poverty. Extreme poverty (living on less than USD 2.15 per day) fell from 16.2 per cent in 2011-12 to 2.3 per cent in 2022-23, lifting 171 million people above this line, the World Bank said in its Poverty & Equity Brief' on India. It added that rural extreme poverty dropped from 18.4 per cent to 2.8 per cent, and urban from 10.7 per cent to 1.1 per cent, narrowing the rural-urban gap from 7.7 to 1.7 percentage points a 16 per cent annual decline. The brief said that India also transitioned into the lower-middle-income category. Using the USD 3.65 per day LMIC poverty line, poverty fell from 61.8 per cent to 28.1 per cent, lifting 378 million people out of poverty. Rural poverty dropped from 69 per cent to 32.5 per cent, and urban poverty from 43.5 per cent to 17.2 per cent, reducing the rural-urban gap ...

Govt to release monthly unemployment data from May 15 for first time

The first set of data will include the figures from January, February and March and thereafter it will be released every month

Unemployment rate dips marginally to 4.9% in 2024, shows govt survey

Unemployment rate among persons of 15 years or above slipped to 4.9 per cent in calendar year 2024 from 5 per cent in the previous year, according to the Periodic Labour Force Survey (PLFS) released on Wednesday. In rural areas, there is a marginal decline in overall unemployment (4.3 per cent to 4.2 per cent), with slight reductions for both men and women, the Ministry of Statistics and Programme Implementation said in a release. Urban male unemployment rose (6.0 per cent to 6.1 per cent), but female unemployment declined (8.9 per cent to 8.2 per cent), keeping the overall urban rate stable at 6.7 per cent. At all-India level, unemployment saw a minor drop (5.0 per cent to 4.9 per cent), suggesting slight improvements in employment opportunities, it stated. It also stated that decline in unpaid helpers in household enterprises seems to have contributed to the drop in WPR (workers population ratio) as well as LFPR (labour force participation ratio) among rural females, as the ...

Unemployment down, per capita GDP up since 2017: UP CM on 8 yrs of govt

Chief Minister Yogi Adityanath on Monday highlighted Uttar Pradesh's economic progress and welfare initiatives as he marked eight years of the National Democratic Alliance (NDA) government in the state. He noted that the unemployment rate had significantly dropped, per capita income had risen, and UP was on its way to becoming a USD 1 trillion economy. "The unemployment rate in Uttar Pradesh has come down to less than 3 per cent now from 19 per cent in 2016," Adityanath said at a press conference in Lucknow. He added that per capita income, which was Rs 46,000 in 2017, has now reached Rs 1,24,000, showcasing a strong economic turnaround. Adityanath stated that Uttar Pradesh had transformed from a deficit economy into a revenue-surplus state. "We have not imposed any additional taxes on the public, yet we have delivered significant economic results," he said. The state's banking sector has also expanded, with banking transactions now totalling Rs 29.66 lakh crore. Highlighting ...

Urban unemployment rate unchanged at 6.4% in Q3FY25, shows PLFS data

Female jobless rate improved to 8.1% in Q3: PLFS data

Global economy to weaken in 2025, India's strong growth continues: WEF

A majority of chief economists worldwide expect weaker global economic conditions in 2025 but India is likely to maintain a strong growth despite signs of some momentum being lost, a new report said on Thursday. In its latest Chief Economists Outlook, the World Economic Forum said the global economy is set to face significant challenges in 2025, with 56 per cent of chief economists surveyed expecting conditions to weaken. Only 17 per cent foresee an improvement, pointing to heightened uncertainty in key regions and the need for measured policy responses worldwide, it found. The US economy is expected to deliver robust growth in 2025, and South Asia, particularly India, is also expected to maintain strong growth. The outlook for Europe remains gloomy, with 74 per cent of respondents predicting weak or very weak growth this year. The outlook for China also remains weak, and growth is projected to slow gradually in the years ahead, the WEF said in the report prepared on the basis of

Employment rate jumps 36% in past decade, seen at 643.3 mn: Mandaviya

Union labour minister Dr Mansukh Mandaviya on Thursday said employment in the country has increased by 36 per cent to 64.33 crore in 2023-24 from 47.15 crore in 2014-15, which shows improvement in job creation during NDA period. Talking to media persons, the minister also stated that employment under UPA grew by just about 7 per cent between 2004 to 2014. According to the RBI data quoted by the minister, employment increased from 44.23 crore in 2014 to 47.15 crore in 2023-24. He noted that under the UPA government between 2004 to 2014 just 2.9 crore additional jobs were created whereas under the Modi government between 2014-24, 17.19 crore jobs were added. In the last one year (2023-24) alone, the Modi government has created around 4.6 crore jobs in the country, the minister stated. The data assumes significance in the backdrop of pressure on the government for job creation in the country. About the agriculture sector, the minister stated that employment declined by 16 per cen

Over 620k applicants for 127k opportunities under PM Internship Scheme

About 6.21 lakh applications have been received for 1.27 lakh opportunities under the Prime Minister's Internship Scheme and the selection process is continuing, the government said on Sunday. The scheme, announced in the 2024 Union Budget, aims to provide internship opportunities to 1 crore youth in top-500 companies over five years. A pilot project of the scheme, started on October 3, aims to provide 1.25 lakh internship opportunities during 2024-25. In a release on Sunday, the corporate affairs ministry said approximately 6.21 lakh applications have been received against 1.27 lakh internship opportunities. "The selection process for internship is ongoing." Partner companies have posted about 1.27 lakh internship opportunities on the internship scheme portal. About 4.87 lakh individuals have completed their KYC and registered themselves on the portal, the release said. Under the scheme, interns will be provided a monthly financial assistance of Rs 5,000 for 12 months and a one-

Unincorporated enterprises rise 12.28%, sees 10% rise in jobs: Govt survey

Unincorporated sector enterprises witnessed a 10.01 per cent increase in employment to over 12 crore during the year ended September 2024, while the number of establishments rose 12.28 per cent to 7.34 crore, according to a government survey. The survey, which covers unincorporated non-agriculture sector enterprises, showed gross value added (GVA) grew 16.52 per cent during the October 2023 - September 2024 period. These findings form part of the Annual Survey of Unincorporated Sector Enterprises (ASUSE) for 2023-24 for the reference period -- October 2023 - September 2024 -- referred to as ASUSE 2023-24, released by the Ministry of Statistics and Programme Implementation (MoSPI) on Tuesday. The sector employed more than 12 crore workers between October 2023 and September 2024, marking an increase of more than one crore workers from 2022-23 and reflecting robust labour market growth. The total number of workers employed increased to 12,05,99,800 in ASUSE 2023-24 from 10,96,26,000 i

Vijay Vasanth moves adjournment motion to discuss 'unemployment crisis'

Vasanth cited the Periodic Labour Force Survey (PLFS) report and said there has been no substantial improvement in employment between July 2023 and June 2024

Urban unemployment rate hits fresh low of 6.4% in Q2 FY25: PLFS data

The unemployment rate for people aged 15 years and above in urban areas dipped to 6.4 per cent in the July-September quarter, according to the National Sample Survey Survey (NSSO). Joblessness, or unemployment rate, is defined as the percentage of unemployed people in the labour force. The unemployment rate in the September quarter of FY24 was 6.6 per cent. The unemployment rate for people aged 15 years and above in the previous April-June quarter of FY25 was 6.6 per cent in urban areas, the 24th Periodic Labour Force Survey (PLFS) showed. The unemployment rate among females (aged 15 years and above) in urban areas declined to 8.4 per cent in July-September 2024 from 8.6 per cent in the same quarter a year ago. The rate was 9 per cent in April-June, 2024. Among males, the unemployment rate in urban areas declined to 5.7 per cent in July-September 2024 from 6 per cent in the same quarter a year ago. The rate was 5.8 per cent in April-June 2024. Labour force participation rate in .

A lasting problem: How can India address its unemployment crisis?

Experts argue that India's economy has not created enough quality jobs to meet the needs of its growing labour force, particularly for young, educated individuals

Unemployment rate remains unchanged at 3.2% from July 2023 to June 2024

Unemployment rate for persons aged 15 years and above has remained unchanged at 3.2 per cent in July 2023 to June 2024, according to the labour force survey annual report released on Monday. The unemployment rate (UR) is defined as the percentage of persons unemployed among the persons in the labour force. The report stated that while the UR for male has shown a marginal decline from 3.3 per cent during July 2022 June 2023 to 3.2 per per cent during July 2023 June 2024, among female it has increased from 2.9 per cent to 3.2 per cent during the same time span. Labour Force Participation Rate (LFPR) in usual status for persons of age 15 years and above was 60.1 per cent during July 2023 - June 2024 higher than 57.9 per cent in the previous year. The same for male and female was 78.8 per cent and 41.7 per cent, respectively. LFPR is defined as the percentage of persons in labour force (i.e. working or seeking or available for work) in the population. LFPR for female of age 15 year

Canada's jobless rate at 6.6%, surges past 7-yr high excluding pandemic

Canada's economy had been losing steam under the pressure of high interest rates, and most of the growth seen earlier in the year was primarily led by increase in population