New Enroll here to Join NaBFID Analyst Into Class on May 6

    Question

    What was the unemployment rate in rural areas in

    2021-22, according to the PLFS data released by NSO?
    A 2.1% Correct Answer Incorrect Answer
    B 3.2% Correct Answer Incorrect Answer
    C 3.8% Correct Answer Incorrect Answer
    D 6.3% Correct Answer Incorrect Answer
    E 7.9% Correct Answer Incorrect Answer

    Solution

    According to the latest annual Periodic Labour Force Survey (PLFS) released by the National Statistical Office (NSO), India’s unemployment rate dropped to a five-year low in July-June 2021-22 to 4.1 per cent. During 2021-22, the unemployment rate in both rural and urban areas declined to 3.2 per cent and 6.3 per cent, respectively, from 3.3 per cent and 6.7 per cent, respectively, in 2020-21. The unemployment rate for rural women (2.1 per cent) was lower than it was rural men (3.8 per cent) in 2021-22, whereas in urban areas, the rate was high for females (7.9 per cent) as compared to males (5.8 per cent). The survey also showed that the labour force participation rate (LFPR) had increased significantly in the last five years from 37.5 per cent in 2018-19 to 55.2 per cent in 2021-22.

    Practice Next

    Relevant for Exams: