- This reflects a slight improvement from the 6.6% reported in the previous quarter, April-June 2024.
- Factors contributing to this decrease could include economic recovery efforts, government initiatives, growth in key industries, skill development programs, and a thriving start-up ecosystem.
- There are also noticeable differences in unemployment rates between males and females, with the rate for males dropping to 5.7% and for females to 8.4%.
- The labor force participation rate also increased to 50.4%, indicating more people are either employed or actively seeking work.
Question:
1 What was the unemployment rate for urban residents aged 15 and over in the July-September 2024 quarter as reported by the National Sample Survey Office (NSSO)?
- A) 6.4%
- B) 5.4%
- C) 6.6%
- D) 7.4%