India's Unemployment Rate Dips to 4.9% in 2024: PLFS Report
| Category | Details |
|---|---|
| Source | Periodic Labour Force Survey (PLFS) by Ministry of Statistics and Programme Implementation, India |
| Year | 2024 |
| Unemployment Rate (15+) | Dip from 5.0% (2023) to 4.9% (2024) |
| Rural Unemployment | Decreased from 4.3% (2023) to 4.2% (2024) |
| Urban Unemployment | Male unemployment increased from 6.0% (2023) to 6.1% (2024); Female decreased from 8.9% to 8.2% |
| Overall Urban Unemployment | Remained stable at 6.7% |
| LFPR (15+) | Slight decline from 59.8% (2023) to 59.6% (2024) |
| Urban Male LFPR | Increased from 74.3% (2023) to 75.6% (2024) |
| Urban Female LFPR | Marginal increase from 25.5% (2023) to 25.8% (2024) |
| Urban Overall LFPR | Rose from 50.3% (2023) to 51.0% (2024) |
| WPR (All-India) | Marginal decline from 58.0% (2023) to 57.7% (2024) |
| Urban WPR | Improved slightly from 47.0% (2023) to 47.6% (2024) |
| Rural Female WPR | Decline linked to drop in unpaid female household helpers from 19.9% (2023) to 18.1% (2024) |
| Employment Opportunities | Slight improvements with stable to positive hiring sentiment |
| Joblessness Among Minorities | Increased during 2023-24 (July-June) |
| Sector Hiring Rebound | Expected in IT and manufacturing sectors by early 2025 |
| Youth Employability | Remains a concern amid AI-driven disruptions |