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What was the unemployment rate (UR) in urban areas as of January тАУ March 2024 for persons of age 15 years and above?
67.18%
6.7%
48.35%
53.25%
6.7%
According to the Periodic Labour Force Survey (PLFS) quarterly bulletin released by the National Sample Survey Office (NSSO), the unemployment rate (UR) for persons aged 15 years and above in urban areas was 6.7% during the January-March 2024 quarter. This represents a decline from the 6.8% recorded in the previous quarter (October-December 2023).
According to the Periodic Labour Force Survey (PLFS) quarterly bulletin released by the National Sample Survey Office (NSSO), the unemployment rate (UR) for persons aged 15 years and above in urban areas was 6.7% during the January-March 2024 quarter. This represents a decline from the 6.8% recorded in the previous quarter (October-December 2023).
The Periodic Labour Force Survey (PLFS) is conducted by the National Sample Survey Office (NSSO) under the Ministry of Statistics and Programme Implementation (MoSPI), which was formed by the merger of the Central Statistical Organization (CSO) and the National Sample Survey Organization (NSSO).
PLFS is the primary source of labor market data in India, launched in 2017.
The unemployment rate is defined as the percentage of persons unemployed among the labour force.
Data for urban areas is released quarterly, while for rural areas, it is released annually.
Female unemployment rate in urban areas for the same period stood at 8.5%, while the male unemployment rate was 6.1%.
Labour Force Participation Rate (LFPR) for persons aged 15 and above in urban areas increased to 50.2% during this period.
The options 67.18%, 48.35%, and 53.25% are statistically inconsistent with recent PLFS quarterly labor data trends.
B is correct тАФ The urban unemployment rate for individuals aged 15 and above was recorded at 6.7% for the quarter ending March 2024.
When studying unemployment data, always cross-reference the LFPR (Labour Force Participation Rate) and WPR (Worker Population Ratio) to gain a complete picture of economic engagement as these are often tested together in Economics sections.
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