How to answer questions on Unemployment its consequences, wages issue, rural-urban joblessness and more for UPSC exams? Our expert discusses probable questions and a key issue Is AI going to be the new age cause of unemployment? Stay tuned for part 3.
The government in India relies on a survey called the Periodic Labour Force Survey to calculate the unemployment rate or the ratio of persons unemployed in the labour force. The labour force is determined based on the participation rate or number of people aged 15 years and above willing to work or already working in the country. The exercise is conducted for both urban and rural areas.
India s unemployment rate increased to its highest level in over two years in October, primarily due to rising joblessness in rural areas, according to data from the Centre for Monitoring Indian Economy Ltd. The overall unemployment rate rose to 10.05% in October, up from 7.09% in September, marking the highest rate since May 2021.
The latest data based on a periodic labour force survey, underlining a decline in the unemployment rate amid an improved labour force participation ratio, point towards a sustained economic recovery from the shadow of the pandemic