Unemployment Rate: There has been a decline in the unemployment rate during the Corona period. According to information received from government data, the unemployment rate has come down to 4.2 percent in 2020-21. The lockdown imposed during the Corona period has not had much impact on the job market in India. Let us tell you that in the year 2019-20, during this period, India’s unemployment rate came down to 4.8 percent, which came down to 4.2 percent this year.
government released figures
Information about this has been received from the data released by the Ministry of Statistics and Program Implementation. The National Statistical Office (NSO) has told that according to the Laverforce Survey (PLFS) to be held over a fixed period, the unemployment rate was 5.8 percent in 2018-19 and 6.1 percent in 2017-18.
Unemployment rate coming down for 4 years
Let us tell you that for the last 4 years, there is a continuous decline in the unemployment rate. The annual report (July, 2020 to June, 2021) of PLFS states that the unemployment rate (UR) stood at 4.2 per cent in 2020-21, compared to 4.8 per cent in 2019-20.
Let us tell you that the percentage of unemployed persons in the total workforce is called the unemployment rate (UR). The data has shown that the unemployment rate has decreased during the last four years 2020-21 (July to June). However, its pace has been slow.
How was the condition of the men?
Apart from this, if we men, the UR rate also came down to 4.5 percent during 2020-21, which was 5.1 percent in 2019-20, 6 percent in 2018-19 and 6.2 percent in 2017-18.
How was the condition of women?
A similar trend has also been observed in the UR rate for women. The UR rate for women has come down to 3.5 per cent during 2020-21. It was 4.2 per cent in 2019-29, 5.2 per cent in 2018-19 and 5.7 per cent in 2017-18.
WPR also improved
The worker population ratio (WPR) has also improved. It shows the percentage of people working in the population. According to the report, the WPR increased to 39.8 percent in 2020-21, which was 38.2 percent in 2019-20, 35.3 percent in 2018-19 and 34.7 percent in 2017-18.
How was the condition of the rural area?
Apart from this, a total of 12,562 units of the first phase have been included in the annual report for July, 2020 to June, 2021 for rural and urban areas. This includes 6,930 villages and 5,632 urban blocks.