India's urban unemployment rate falls to 6.8% in Q4 FY23: Govt survey

The unemployment rate was 8.2 per cent during January-March 2022.

Overall, unemployment rate in urban areas has seen a steady decline since January-March 2022.

Unemployment rate among urban male population declined to 6.1 per cent during the quarter compared to 6.5 per cent seen in Q3 FY23. The rate was 7.8 per cent during January-March 2022.

The urban female unemployment rate also fell to 9.2 per cent during the quarter—a decline from 9.6 per cent during the previous quarter. The rate was 10.1 per cent during January-March 2022.

The highest unemployment rate was witnessed in Himachal Pradesh for all age groups—15.2 per cent during January-March 2023. The second-highest rate of 12.5 per cent was recorded in Chhattisgarh. Jammu and Kashmir recorded the third-highest rate at 12.4 per cent.

For male population of all age groups, the labour force participation rate stood at 57.3 per cent during the quarter—a small increase from 57.2 per cent recorded in Q3 FY23, but a decline from 57.4 per cent in January-March 2022.

For female population of all age groups in urban areas, labour participation rate stood at 18 per cent during Q4 FY23—a small rise from 19.1 per cent in Q3 FY23. The figure was 17.3 per cent during January-March 2022.

Fibre2Fashion News Desk (DS)