According to the data released by the National Statistical Office (NSO), the urban unemployment rate has come down to 10.3% per cent in the third quarter ending December of the financial year 2020-21.
The government’s data on unemployment is finally out. The National Statistical Office (NSO) has released the urban unemployment figures. According to the data, the urban unemployment rate has come down to 10.3% per cent in the third quarter ending December of the financial year 2020-21.
It is worth noting that NSO had not released any unemployment figures for a long time. Until now, such figures had to rely on private think tanks like the Center for Monitoring Indian Economy (CMIE).
According to the data, the unemployment rate in urban India stood at 10.3 percent in the third quarter ended December 2020 of the financial year 2020-21, compared to 13.2 percent in its previous quarter, that is, July to September 2020. According to the data, the unemployment rate was only 7.8 percent in the quarter ended December 2019, a year ago. This information has come out from the quarterly labor force survey released by the National Statistical Office (NSO).
In the quarter of December 2020, the labor participation rate for people aged 15 years and above across the country increased to 47.3% from 47.2% earlier. NSO has surveyed a total of 5,563 UFS blocks in the urban areas in the quarter October to December 2020 at all India level.
Highest unemployment in June 2020
According to the survey, in the financial year 2020-21, the first quarter of April to June had the highest unemployment rate of 20.8 percent. This is a period when there was a strict lockdown in the country amid the havoc of Corona. According to the Ministry of Statistics and Program Implementation, the number of unemployed people in a labor force is called unemployment rate.
According to the data, the labor force participation rate among people above 15 years in the quarter ended March 2021 was 47.3 percent across the country, compared to 47.2 percent in its previous quarter ended December 2020. It was 47.8 percent a year ago i.e. in the December 2019 quarter.
More than 27 lakh registrations on e-Shram portal
According to another information, since August 26, more than 27 lakh workers of the unorganized sector have registered on the government’s e-Shram portal. This portal has been launched on 26 August this year only. Through this portal, a database of workers in the unorganized sector is prepared.
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