Unemployment rate in April at 5.1%
New Delhi, May 16 -- India's unemployment rate stood at 5.1% in April, the National Statistics Office (NSO) said on Thursday in its first ever monthly data on labour market indicators. Monthly employment numbers, before the NSO released them yesterday, were only available from private sources like the Centre for Monitoring of Indian Economy (CMIE).
Compared to the 5.1% overall unemployment rate, rural and urban India had rates at 4.5% and 6.5% respectively. The other two key labour metrics, LFPR and WPR were 42% and 39.8% respectively. LFPR is the share of population working or looking for a job and WPR represents the employed. LFPR was 42.9% for rural areas and 39.9% for urban areas. WPR was 41% in rural areas and 37.3% for urban areas.
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