Tuesday, October 28, 2025
spot_img

Unemployment Rate Declines Slightly to 6.4% in Urban Areas

spot_img
- Advertisement -

The unemployment rate for individuals aged 15 years and above in urban areas has dipped marginally to 6.4% in the October-December quarter of 2024, according to the latest data from the National Sample Survey Office (NSSO).

This slight decrease from the previous quarter’s 6.5% reflects a steady trend in the labor market, as highlighted in the 25th Periodic Labour Force Survey (PLFS).

The survey provides a comprehensive overview of the employment landscape, shedding light on various aspects such as labor force participation, gender disparities, and the impact of technological advancements on job creation.

Labor Force Participation and Employment Trends

The labor force participation rate (LFPR) in urban areas for individuals aged 15 years and above increased to 50.4% in the October-December quarter.

This is up from 49.9% in the same quarter a year ago.

This rise indicates a growing number of people actively seeking employment or engaged in economic activities.

The LFPR remained steady at 50.4% compared to the preceding July-September quarter of 2024.

The worker population ratio (WPR) for males aged 15 years and above in urban areas also saw an increase.

It rose from 69.8% in October-December 2023 to 70.9% during the same period in 2024.

This upward trend suggests an improvement in job opportunities and economic participation among men in urban areas.

Gender Disparities in Unemployment Rates

The survey highlights notable gender disparities in unemployment rates.

The unemployment rate among females aged 15 years and above in urban areas declined to 8.1% in the October-December quarter of 2024, down from 8.6% in the same quarter a year ago.

This decrease reflects a positive trend in female employment, although the rate remained higher than that of males.

Among males, the unemployment rate in urban areas remained flat at 5.8% in the October-December quarter of 2024, compared to the same quarter a year ago.

The rate was slightly higher at 5.7% in the preceding July-September quarter of 2024. These figures indicate a relatively stable employment scenario for men in urban areas.

Impact of Technological Advancements

Technological advancements, particularly in the fields of artificial intelligence (AI) and automation, have played a significant role in shaping the employment landscape.

The survey reveals that 98% of companies rely on existing service providers for AI and GenAI capabilities, embedding AI-specific clauses in outsourcing contracts.

This trend underscores the growing importance of technology in driving economic activities and job creation.


Note: We are also on WhatsApp, LinkedIn, Google News, and YouTube. To get the latest news updates, subscribe to our channels. WhatsAppClick HereGoogle NewsClick HereYouTubeClick Here, and LinkedIn: Click Here.

spot_img

Editorial

Why TCS Deferred FY25 Salary Hike: Better Hike Ahead?

TCS had initially announced its annual salary hike during...

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Must Read

The Impact of Technology on HR Practices

Technology has had far-reaching effects on all aspects of...

Microsoft appoints Aparna Gupta as Global Delivery Center leader

Microsoft has announced Aparna Gupta’s appointment as the Global...

Paytm Money sets up R&D Centre in Pune, to hire 250 people

Paytm Money sets up R&D Centre in Pune, to...

Antmyerp announced 3-days Menstrual Leave for Women from July 1

Industry-Specific Field Service Management Software company, AntMyErp has announced today 3-days...

LinkedIn list: TCS, Accenture, Cognizant among ‘2022 Top Companies’

IT majors Tata Consultancy Services, Accenture and Cognizant have topped...

HOW TO EVOLVE LEARNING CULTURE IN ORGANIZATIONS

Every organization needs a collection of organizational conventions, values, practices...

Keys Strategies for Successful Remote Working in 2021

Keys Strategies for Successful Remote Working in 2021 Within a...

IIT Delhi Summer Research Fellowship Program, last date 17 April

IIT Delhi has instituted a prestigious Summer Research Fellowship...

Related Articles

Sahiba Sharma
Sahiba Sharmahttps://sightsinplus.com/
Sahiba Sharma, Senior Editor - Content at SightsIn Plus