In the second quarter, India's jobless rate decreased to 7.2.

Unemployment rate dropped to 7.2 during the second quarter of 2022-23 from 9.8 in the year-ago period . Percentage of unemployed male counterparts dropped to 6.6 in the second quarter of the current fiscal year .

New Delhi, India, November 25, 2018: According to data from the National Statistical Offices 16th Periodic Labour Force Survey, the unemployment rate, which is the number of unemployed people in the country over the age of 15 years in urban areas, dropped to 7.2 during the second quarter of 2022-23 from 9.8 in the year-ago period.The percentage of unemployed male counterparts dropped to 6.6 in the second quarter of the current fiscal year, up from 9.3 in the same quarter a year earlier.The unemployment rate among urban residents aged 15 years and above increased to 47.9 percent in the July-September period from 46.9 percent in the same period last year.In April-June 2022, it was 47.5%.

The unemployment rate is the number of unemployed workers in the labor market.The worker population rate is calculated as the number of unemployed workers in the workforce.According to the Ministry of Statistics and Program Execution, the workforce ratio calculated in CWS covers the average size of the workforce in a single week during the survey period.The worker population ratio decreased from 29.5 during the second quarter of this fiscal to 31.5 in the year-ago period.The ministry of Statistics and Programme Execution suggested that in urban areas, a four-way rotational panel approach was employed, with one household being visited once per week, the other three with a revisit schedule.

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