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Scoop: Unemployment rate rose to a 45-year high of 6.1%, as per the NSSO's annual household survey of 2017-18 - the first one after demonetisation
Youth unemployment at astronomically high levels of 13-27%
More people moving out of the workforce.
Read: business-standard.com/article/econom…
Youth unemployment at astronomically high levels of 13-27%
More people moving out of the workforce.
Read: business-standard.com/article/econom…
THIS is the report NSSO is not making public. THIS is the report that triggered the resignation of members of the National Statistical Commission earlier this week.
The rate of joblessness was higher in urban areas (7.8%) than the rural parts (5.3%).
Labour force participation rate declined from 39.5% in 2011-12 to 36.9% in 2017-18.
So, while more people do not want to be a part of the workforce, those who do want to do not have jobs.
Labour force participation rate declined from 39.5% in 2011-12 to 36.9% in 2017-18.
So, while more people do not want to be a part of the workforce, those who do want to do not have jobs.
The unemployment rate, according to NSSO's 2017-18 household survey, was the highest since 1972-73 - a period when from when jobs data is comparable.
