Unemployment among women in the country has increasedImage credit source: AI generated
Currently, the unemployment situation in India may appear stable on the surface, but if we dig deeper, it becomes clear that unemployment is still a huge problem. There has been a rise in unemployment related to women, which means that their opportunities to work are less than before.
According to an annual survey related to the country’s labor force, the unemployment rate in the country has remained stable between July 2023 and June 2024. The unemployment rate among people aged 15 years and above remains stable at 3.2 percent.
Unemployment rate among men and women
Looking at the unemployment rate data divided between men and women, according to the survey, between July 2023 and June 2024, the level of the unemployment rate among women increased from 2.9 percent to 3.2 percent. At the same time, the unemployment rate among men has decreased marginally. It has dropped from 3.3 percent to 3.2 percent.
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The unemployment rate is calculated as the percentage of unemployed people out of the total working population in a given period. It can be understood that the total workforce in a fixed period of time is 10 people, of which 3 people are not employed. In such a situation, the unemployment rate during that period will be 3 percent, while the employment level will be 7 percent.
Who participates in the workforce?
According to government data, the labor force participation rate (LFPR) under normal circumstances for people aged 15 years and above between July 2023 and June 2024 was 60.1 percent. Last year, this figure was 57.9 percent. During this period, the LFPR for men was 78.8 percent and for women 41.7 percent.
Under normal circumstances, the LFPR rate for women aged 15 and over has increased from 37.0 percent between July 2022 and June 2023 to 41.7 percent between July 2023 and June 2024.
To tackle the problem of unemployment, the government has announced that it will include the “PM Internship Scheme” in this year’s budget. The aim of this scheme is to provide entry-level employment to new young people.
