Unemployment rate drops for fourth straight quarter, lowest in 4 yrs: PLFS

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

The unemployment rate in urban areas fell for the fourth consecutive quarter, according to the Periodic Labour Force Survey (PLFS) results for April-June 2022, released on Wednesday. The unemployment rate in current weekly status terms for all ages in the June quarter has been estimated at 7.6 per cent. This is the lowest in the last four years.

The current weekly status for all ages among men and women has been estimated at 7.1 and 9.5 per cent, respectively. The rate has been showing a continuous decline since the June 2021 quarter, when it was estimated at 12.6 per cent.

Earlier this