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Economy·

Marginal increase in unemployment rate in April-June quarter: PLFS

Read original on The Hindu - Business ↗

Summary

  • The rural unemployment rate increased to 4.8% in the April-June quarter from 4.3% in the January-March quarter.
  • The urban unemployment rate edged up to 6.7% in the April-June quarter from 6.6% in the January-March quarter.
  • The PLFS data indicates a marginal increase in the overall unemployment rate during the April-June quarter.

Key Facts

  • · Rural unemployment rate: 4.8% (April-June quarter)
  • · Urban unemployment rate: 6.7% (April-June quarter)
  • · Previous rural unemployment rate: 4.3% (January-March quarter)
  • · Previous urban unemployment rate: 6.6% (January-March quarter)

Why it matters

The increase in unemployment rates has implications for the overall economic growth and development of the country.

#unemployment rate#PLFS#rural unemployment#urban unemployment