New Delhi. An important news has come out for the people and the opposition who have repeatedly surrounded the present government in the name of unemployment. Now the figures that have come out regarding unemployment are pleasing. In fact, in the first quarter of the financial year 2022-23, the urban unemployment rate has come down to a low of 7.6 percent. For information, let us tell you that after the year 2018, this rate is at its lowest level since April. Now the new figures that have come out have been released by the Ministry of Statistics and Program Implementation. They keep such data in front of the country by releasing a report every year. In this episode, according to the recent report released on June 14, India’s unemployment rate has come down to 4.2 percent in July 2020-June 2021. From this it can be assumed that the decline in the unemployment rate in 2022 is a sign of rapid growth.
Here is the way to measure unemployment
Apart from this, GDP figures were also revealed on August 31. In which it was found that in the first quarter of the current financial year 2023, India’s GDP grew at the rate of 13.5 percent, but it was less than expected. The reason behind this is that in the quarter of June 2020, GDP can grow at the rate of 15 percent. Despite this, it was the fastest growth of the year. Let us tell you here that the unemployment rate for both women and men also declined by 60 basis points. After all these figures, you must be thinking that after all, who come under the category of unemployed? Reducing your curiosity, let us tell you that the Periodic Labor Force Survey, which is part of an urban unemployment report, is released every quarter. The unemployment rate is measured on the basis of the position of the week present in it. During this period, a person is considered unemployed only if he has not got work for one hour in a day.