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Urban unemployment rate comes down
National

Urban unemployment rate comes down

Agency News

Urban unemployment rate in India between January and March this year was 9.3%, the lowest in at least four quarters, according to an unpublished government report.

The numbers, recorded in the Statistics Ministry's quarterly jobs report, could provide some relief to the Prime Minister Mr. Narendra Modi, who has faced criticism for not being able to create enough jobs amid slowing economic growth. The urban unemployment rate of the January-March quarter compared with 9.9% in the preceding quarter. Quarterly data prior to the April-June 2018 survey period is not available and the January-March quarter's rate is the lowest since then.

The report, which is likely to be published soon, did not assess rural unemployment. The estimates were arrived as using the so-called 'current weekly status' method which gives an average picture of unemployment in a short period of seven days preceding the survey period, the document said. A person is considered as unemployed in a week if he did not work even for 1 hour during that week.

Joblessness among the youth - aged between 15-29 years and who account for roughly over a third of India's 1.3 billion people - was also marginally lower at 22.5% in the quarter ending March 2019, from 23.7% in the preceding quarter.

The urban unemployment rate of the January-March quarter compared with 9.9% in the preceding quarter. Quarterly data prior to the April-June 2018 survey period is not available and the January-March quarter's rate is the lowest since then. The report, which is likely to be published soon, did not assess rural unemployment.

The estimates were arrived as using the so-called 'current weekly status' method which gives an average picture of unemployment in a short period of seven days preceding the survey period, the document said. A person is considered as unemployed in a week if he did not work even for 1 hour during that week.

Joblessness among the youth - aged between 15-29 years and who account for roughly over a third of India's 1.3 billion people - was also marginally lower at 22.5% in the quarter ending March 2019, from 23.7% in the preceding quarter.