unemployment rate reached a historic low of 6.8% in the first quarter of 2023, down from 7.2% in the previous quarter, according to latest data released by the MoSPI. The figures from the Periodic Labour Force Survey (PLFS) indicate that the rate of unemployment in Indian cities is the lowest since the survey’s initiation in 2018-19.
The PLFS, which publishes quarterly data for urban areas, measures unemployment in terms of the Current Weekly Status. The unemployment rate among men stood at 6.0%, while for women it was 9.2%.
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