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Unemployment Rate Has Declined To 4.8% As Compare To Previous Year: Centre

The unemployment rate has declined to 4.8 per cent as compared to 6.0 per cent in 2017-18 and 5.8 per cent in 2018-19 indicating that the number of unemployed persons has reduced considerably.

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The Union Ministry of Labour and Employment on Thursday said that the LFPR (Labour Force Participation Rate), WPR (Worker Population Ratio) and UR (Unemployment Rate) are the indicators that reveal that the employment scenario has improved significantly over the years. 

In the year 2019-20, Labour Force participation rate for persons aged 15 years and above, rose significantly to 53.5 per cent as compared to 49.8 per cent in 2017-18 and 50.2 per cent in 2018-19 indicating a positive aspect of a greater number of peoples are entering in the labour force of the nation, the ministry informed. 

The unemployment rate has declined to 4.8 per cent as compared to 6.0 per cent in 2017-18 and 5.8 per cent in 2018-19 indicating that the number of unemployed persons has reduced considerably.

The data further showed that the WPR has also increased to 50.9 per cent from that of 46.8 per cent in 2017-18 and 47.3 per cent in 2018-19, indicating more persons of age 15 years and above are now employed as compared to preceding years.  

Despite the COVID-19 pandemic, a cumulative net addition of subscribers for FY 20-2021 i.e., 77.08 lakh is almost at par with last year that is 2019-20 (78.58 lakh). It is observed that there is an addition in net payroll in each month of 2020-21 except for the month of April and May 2020, the ministry informed. 


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