India's unemployment rate sees marginal increase to 5.5% in May
India's unemployment rate (UR) experienced a marginal increase of 0.3 percentage points, reaching 5.5% in May, up from April's figures. Data from the Periodic Labour Force Survey (PLFS), released by the Ministry of Statistics and Programme Implementation, indicates a rise in rural unemployment from 4.6% to 5.1%, while urban unemployment saw a slight decrease from 6.6% to 6.4%. Among specific demographics, rural males aged 15 and above recorded an unemployment rate of 5.2%, and rural females stood at 4.7%. Urban females faced a higher unemployment rate of 8.2% compared to 5.9% for urban males. The Labour Force Participation Rate (LFPR) for individuals aged 15 and above also marginally declined to 54.4% in May from 55% in April.
Key Points
- India's overall unemployment rate increased marginally by 0.3 percentage points to 5.5% in May.
- Rural unemployment rose to 5.1%, while urban unemployment slightly decreased to 6.4%.
- Unemployment rates varied by gender and region, with urban females experiencing the highest rate at 8.2%.
- The Labour Force Participation Rate (LFPR) for persons aged 15 and above saw a slight decline to 54.4% in May.
- The data is based on the Periodic Labour Force Survey (PLFS) conducted by the Ministry of Statistics and Programme Implementation.
Exam Facts
- Unemployment Rate (UR) in May: 5.5%.
- Rural unemployment in May: 5.1%.
- Urban unemployment in May: 6.4%.
- Labour Force Participation Rate (LFPR) in May: 54.4%.
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