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Quarterly PLFS survey for urban India shows unemployment rate stagnated at 7.2% after declining for five consecutive quarters
This is the lowest unemployment rate recorded in the last 4 years, from the time NSO launched India's first computer-based survey in April 2017
Entitlement extension should be calibrated
India is not creating enough jobs
Business Standard guides you through the numbers you need to know to make sense of the headlines
The estimates of unemployed persons in CWS give an average picture of unemployment in a short period of seven days during the survey period
Implications for growth story will be severe
NSO data: Joblessness drops in urban India but higher than pre-Covid level
PLFS reveals transformation of economy has stalled
The size of India's labour force is likely to have reached 540 million in 2019-20.
India's policymakers need more timely unemployment data
Given that household-level secondary education was not readily available from Census 2011, the PLFS survey might have used some proxies