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July 23, 2024 7:46 AM

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Unemployment rate shows declining trend over recent years, says govt

The Government has said that the unemployment rate in the country has been showing a declining trend over the recent years. In a written reply in Lok Sabha, Minister of state for Labour and Employment Shobha Karandlaje said that as per the latest available Annual Periodic Labour Force Survey (PLFS) Reports, the estimated Unemployment Rate for persons of age 15 years and above was 4.2 percentage in 2020-21, 4.1 in 2021-22 and 3.2 percentage during 2022-23.