What was the unemployment rate in India as per the Periodic Labour Force Survey during January to December 2024?

Correct option is A

Correct Answer: (A) 3.2%

Explanation:

• According to the Periodic Labour Force Survey (PLFS) for the calendar year 2024, the unemployment rate in India was recorded at 3.2%.
• This figure represents a slight increase from the previous year's rate of 3.1%, indicating a marginal rise in unemployment.
• The PLFS is conducted by the National Statistical Office (NSO) and is the primary source for employment and unemployment data in India.

Information Booster:

• Labour Force Participation Rate (LFPR): The LFPR remained stable at 59.6% in 2024, showing no significant change from the previous year.
• Worker Population Ratio (WPR): The WPR saw a slight decline from 58.0% to 57.7%, suggesting a minor decrease in the proportion of the working-age population engaged in employment.
• Urban vs. Rural Unemployment: Rural unemployment decreased slightly from 4.3% to 4.2%, while urban unemployment remained steady at 6.7%.
• Gender Disparities: Female unemployment rates showed improvement, with a decrease from 8.9% to 8.2% in urban areas.