Key Points
The improving employment situation in the country also translated into an improvement in female labour force participation in urban areas to 23.2% from 22.7% in the previous quarter..
Male labour force participation remained steady at 73.5%..
The stellar GDP growth in the first quarter of this financial year translated into better employment numbers for the economy, according to a government survey released on Monday.. The unemployment rate in urban areas for people aged 15 years and above fell to 6.6% in the April-June quarter compared with 6.8% in the previous quarter and 7.6% a year ago, according to the quarterly periodic labour force survey report released by the National Statistical Office, which tracks employment over a shorter time frame - a week's period from the date of the survey...
In an interview with ET last week, Auguste Tano Kouame, World Bank's country director for India, said increasing female labour force participation was necessary to achieve an 8% growth rate, which is needed to become a developed economy by 2047...
Female labour force participation, as per the detailed methodology, improved much more for rural centres, rising to 41.5% in 2022-23 from 36.6% for women aged 15 and above in 2021-22, compared with the urban centres, which experienced a less than two percentage point rise in employment...
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