Unemployment rate among 15-29 age group sees marginal rise in July, sparks concerns
The labour market exhibited varied trends across gender, age, and geographical areas, with rural unemployment increasing.
India's unemployment rate for the 15-29 age group saw a marginal increase in July, raising concerns following recent protests by Gen Z. The National Statistics Office (NSO) reported that the unemployment rate for this demographic rose by 0.70 percentage points, from 15.0% to 15.6% in July, despite no change in their labor force participation rate.
This trend is particularly alarming as it contrasts with the decline seen in the overall unemployment rate of 5.1%, which is slightly lower than the 5.2% rate in July of the previous year. The increase in youth unemployment was observed across all demographics, with men experiencing a decrease of 30 basis points to 5.0% and women seeing an increase of 30 basis points to 5.4%.
Rural unemployment rose by 10 basis points to 4.5%, while urban unemployment dropped by 50 basis points to 6.7%. The data comes from the Periodic Labour Force Survey (PLFS) released by the NSO, which provides a detailed breakdown of labor market conditions in India.
Written by urgent.news from Hindustan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
