Unemployment rate estimated at 5 percent
Posted on: 30/Sep/2016 12:18:04 PM
The latest annual household survey on employment conducted by Labour Bureau reveals that the country’s unemployment rate rising to a five-year high of five per cent in 2015-16,
While unemployment rate in rural areas rose to 5.1 per cent in 2015-16 from 4.7 per cent in 2013-14, it declined to 4.9 per cent from 5.5 per cent in urban areas during the same period.
The report said that the unemployment rate was significantly higher among females as compared to males. At the all India level, the female unemployment rate was estimated to be 8.7 percent, whereas for males it was 4.3 percent.At the all India level, about 77 percent of the households were reported to be having no regular wage/salaried person.
In rural sector, unemployment rate was 5.1 percent whereas in urban sector, the unemployment rate was 4.9 percent. In urban areas, the female unemployment rate was estimated to be 12.1 percent at the all India level as compared to 3.3 percent for males and 10.3 percent for transgenders.
