The latest Periodic Labour Force Survey (PLFS) data for July 2023 to June 2024 revealed India’s overall unemployment rate remained at 3.2%. However, youth unemployment is notably higher, standing at 10.2%. The data highlights the discrepancy between India’s economic growth and its labor market.
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- Unemployment rate for females increased to 11% from 10.2%.
- Lakshadweep has the highest youth unemployment rate at 36.2%.
- Andaman & Nicobar Islands follow with 33.6%.
- Kerala has 29.9% youth unemployment; females at 47.1%.
- Nagaland, Manipur, Ladakh, and Arunachal Pradesh also feature in the top 10.
- Madhya Pradesh has the lowest youth unemployment rate at 2.6%.
- Gujarat, Jharkhand, and Delhi have unemployment rates below 5%.
- Female Labour Force Participation Rate (LFPR) increased to 41.7%.
- India’s LFPR rose to 60.1% in 2023-24 from 57.9%.
- India needs to create 12 million jobs annually over the next decade.
