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7th NSSO Annual PLFS: Unemployment Rate Remains Unchanged at 3.2% in July 2023 to June 2024

Published on September 26, 2024
Current Context: The 7th Annual Periodic Labour Force Survey (PLFS) by the National Sample Survey Office (NSSO) reported that the unemployment rate for individuals aged 15 years and above remained steady at 3.2% from July 2023 to June 2024.
7th NSSO Annual PLFS: Unemployment Rate Remains Unchanged at 3.2% in July 2023 to June 2024
  • Here are some key highlights from the report:
    • Labour Force Participation Rate (LFPR): Increased to 60.1% from 57.9% in the previous year.
    • Worker Population Ratio (WPR): Rose to 58.2% from 56.0%.
    • Gender-specific trends: The unemployment rate for males slightly decreased from 3.3% to 3.2%, while for females, it increased from 2.9% to 3.2%.
    • Lakshadweep tops the list with a youth unemployment rate of 36.2%, including a staggering 79.7% among young women and 26.2% among young men.
    • Andaman & Nicobar Islands follows with a rate of 33.6% (49.5% for women and 24% for men)
    • Kerala has a youth unemployment rate of 29.9% (47.1% for women and 19.3% for men).
  • These figures indicate a stable unemployment rate but also highlight some shifts in labour force participation and employment ratios.

Question:

1 What was the Worker Population Ratio (WPR) for individuals aged 15 years and above in the 2023–24 7th Annual Periodic Labour Force Survey (PLFS) report?

  • A) 56.0%
  • B) 58.2%
  • C) 57.0%
  • D) 59.0%
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