Wednesday, February 21, 2024

Post-demonetisation, unemployment in India rose to 45-year high of 6.1%, says NSSO’s survey of 2017-18

India’s unemployment rate rose to 6.1% in the 2017-18 fiscal year, the statistics ministry said on Friday, matching data earlier leaked to a newspaper that said it was the highest level in at least 45 years.
The data showed that 7.8% of all employable youth in urban areas were jobless, while the figure was 5.3% in rural areas. Joblessness among men stood at 6.2%, while it was 5.7% in the case of women. The data was published in the annual report of the Periodic Labour Force Survey for 2017-’18 conducted by the National Sample Survey Office.

According to the report, the unemployment rate among men in rural areas between the ages 15 and 29 years was 17.4% and 13.6% for women in the same age group. The unemployment rate among the urban male youth was 18.7% in 2017-’18, while the unemployment rate for female youth was 27.2%.

The survey is the first on employment by a government agency since demonetisation. The Periodic Labour Force Survey is also the first annual household survey of the National Sample Survey Office. Its data was collected between July 2017 and June 2018.

The statistics ministry also said that female labour participation rate in urban areas for the quarter ending December 2018 was 19.5%, compared with 73.6% for males.


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