Urban Labor Participation Creeps Up; Rural Unemployment Dips Slightly (2023-2024)

New Delhi [India], April 10 (ANI): There was a slight rise in the Labour Force Participation Rate (LFPR) within urban regions, whereas rural unemployment There was a minor decline from 2023 to 2024, as per the statistics provided by the Ministry of Statistics & Programme Implementation on Wednesday.

The statistics showed a slight rise in labor force participation rate within urban regions, where male engagement climbed from 74.3 percent in 2023 to 75.6 percent in 2024.

Women’s involvement showed a minor rise from 25.5 percent to 25.8 percent. Consequently, the total labor force participation rate (LFPR) in cities climbed from 50.3 percent to 51.0 percent. Nonetheless, the nationwide LFPR stayed mostly stable at 59.6 percent, marking only a slight decline from 59.8 percent recorded in 2023, according to the findings of the study.

The Worker Population Ratio (WPR) also reflected advancements in urban regions, rising from 47.0 percent to 47.6 percent. On a nationwide scale though, the WPR stayed steady, experiencing just a minor decline from 58.0 percent to 57.7 percent, suggesting a modest downturn in employment even as participation rates held constant.

Conversely, the statistics indicate that the unemployment rate experienced slight variations in various regions. Unemployment in rural areas marginally dropped from 4.3 percent to 4.2 percent, showing declines among both men and women.

In city regions, male joblessness increased marginally from 6.0 percent to 6.1 percent, whereas female joblessness decreased from 8.9 percent to 8.2 percent. Despite these changes, the total urban unemployment rate stayed steady at 6.7 percent.

On a nationwide scale, the unemployment rate showed a slight improvement, decreasing from 5.0 percent to 4.9 percent. This indicates modest advancement in job prospects within the nation, according to the statistics provided.

The statistics indicate a reduction in unpaid assistants within household businesses, particularly amongst women living in countryside regions, which led to a drop in labor force participation rates in these areas. The proportion of helpers in such enterprises decreased from 19.9 percent to 18.1 percent. (ANI)