New Delhi: The latest annual report from the Labor Force Survey reveals a nuanced picture of the job market from July 2023 to June 2024. While the overall unemployment rate has remained stable, there are significant gender disparities that warrant attention.
Key Findings:
- Overall Unemployment Rate: The unemployment rate for individuals aged 15 and above has held steady at 3.2%.
- Gender Disparities:
- Men: The unemployment rate for men saw a slight decrease from 3.3% to 3.2%.
- Women: In contrast, the unemployment rate for women increased from 2.9% to 3.2%.
Labor Force Participation:
- Overall LFPR: The labor force participation rate (LFPR) for individuals aged 15 and above rose to 60.1%, up from 57.9% the previous year.
- Men: The LFPR for men was 78.8%.
- Women: The LFPR for women saw a notable increase from 37.0% to 41.7%.
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