Business

India's Unemployment Holds at 5.6% in June Amid Rising Youth and Urban Joblessness

India's Unemployment Rate Steady in June

India's unemployment rate remained unchanged at 5.6% in June, mirroring May's figures, as reported by the Ministry of Statistics and Programme Implementation. This slight increase from April's 5.1% highlights ongoing challenges in the labor market.

Jobs tracker: Unemployment steady at 5.6% in June; youth, urban distress up; rural female participation dips

Youth and Urban Unemployment on the Rise

The 15-29 age group experienced a marginal rise in joblessness to 15.3%, with urban areas seeing a significant jump to 18.8%. Young women in urban regions were particularly affected, with unemployment soaring to 25.8%.

Rural Employment Trends Show Mixed Signals

Rural areas saw a slight increase in unemployment to 13.8%, with a notable decline in female participation in agriculture, dropping to 69.8%. Seasonal factors and shifts to informal work were key influences.

Labor Force Participation Dips

The Labor Force Participation Rate fell to 54.2%, with rural and urban areas showing declines. The Worker Population Ratio also decreased, reflecting seasonal impacts and changing employment patterns.