India's urban unemployment rate for July-September 2024 was 6.4%, slightly lower than 6.6% during the same period in 2023, according to the Periodic Labour Force Survey (PLFS). The unemployment rate for men stood at 5.7%, while it was higher at 8.4% for women, highlighting persistent disparities in job access. The Labour Force Participation Rate (LFPR) for individuals aged 15 and above rose to 50.4% from 49.3% a year earlier, reflecting increased workforce engagement. The Worker Population Ratio (WPR) also improved to 47.2% from 46% in the previous year. The government continues to prioritize employment generation through initiatives like internships, investments, and job portals. Experts emphasize that sustained efforts are needed to create sufficient jobs to meet the demands of a growing workforce. |
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