Close Menu
  • Homepage
  • Local News
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
  • Business
  • Technology
  • Health
  • Lifestyle
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
Facebook X (Twitter) Instagram Pinterest
JHB NewsJHB News
  • Local
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
Let’s Fight Corruption
JHB NewsJHB News
Home»Business»Unemployment rate rises 50 bps to 5.6% in May due to seasonal factors | Business News
Business

Unemployment rate rises 50 bps to 5.6% in May due to seasonal factors | Business News

June 17, 2025No Comments5 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
farming
Share
Facebook Twitter LinkedIn Pinterest Email

Seasonal elements drove up India’s unemployment price to five.6 per cent in Could from 5.1 per cent in April for individuals aged 15 years and above, in keeping with the statistics ministry’s second-ever month-to-month Periodic Labour Drive Survey (PLFS) report, launched on Monday. The rise within the unemployment price was bigger for females, for whom the ratio rose by 80 foundation factors (bps) from April to five.8 per cent in Could. For males, the unemployment price elevated to five.6 per cent from 5.2 per cent.

Could noticed a bigger enhance within the unemployment price in rural areas to five.1 per cent, up from 4.5 per cent in April, whereas the corresponding enhance for city India was 40 bps. Nevertheless, the unemployment price was increased in city areas at 6.9 per cent.

The month-to-month jobs knowledge relies on the Present Weekly Standing (CWS) strategy. Underneath this strategy, the exercise standing of an individual is measured for the seven days previous the date of survey.

Story continues under this advert

‘Modifications anticipated’

The Ministry of Statistics and Programme Implementation (MoSPI) cautioned {that a} rise within the unemployment price in Could didn’t essentially replicate “secular traits” as adjustments have been to be anticipated within the month-to-month knowledge on account of elevated frequency of the survey and seasonal, tutorial, and labour market elements.

Whereas the Unemployment Price (UR) rose in Could, the Labour Drive Participation Price (LFPR) fell to 54.8 per cent from 55.6 per cent the earlier month on the all-India degree for these aged 15 years and above. The LFPR for males declined by 50 bps to 77.2 per cent, whereas that for females fell by 100 bps to 33.2 per cent.

The Employee Inhabitants Ratio (WPR), in the meantime, fell to 51.7 per cent from 52.8 per cent in April for individuals aged 15 years and above.

Whereas the LFPR is the fraction of the inhabitants that’s looking for or obtainable for work, the WPR is the share of employed individuals within the inhabitants.

Story continues under this advert

“The decline in LFPR and WPR and the rise in UR have been pushed largely by seasonal agricultural patterns, increased summer season temperature skilled in Could in some elements of the nation on account of which bodily out of doors work will get restricted and motion of some unpaid helpers to home chores, particularly within the increased revenue (prime 3 decile) rural households,” MoSPI stated in a press release.

Unemployment on the rise Unemployment on the rise

In rural areas, the LFPR fell by 110 bps to 56.9 per cent, with the decline in city areas being smaller at 30 bps to 50.4 per cent, the info confirmed. The agricultural WPR declined equally by 130 bps to 54.1 per cent in Could for individuals aged 15 years and above, whereas the city WPR was down 50 bps at 46.9 per cent. The statistics ministry stated the discount in agricultural actions with the tip of the rabi harvest season within the rural areas “might have introduced concerning the downward shift in variety of staff”, including that employment in rural areas shifted away from agriculture (from 45.9 per cent in April to 43.5 per cent in Could) to secondary and providers sectors.

Youth, feminine ratios

Throughout the general knowledge, the section to see the most important enhance in unemployment in Could have been younger girls in rural areas.

In Could, the unemployment price for rural females within the 15-29 age bracket rose to 13 per cent from 10.7 per cent in April, with the corresponding enhance for his or her city counterparts being 70 bps to 24.4 per cent.

Story continues under this advert

For younger males, the rise in unemployment was considerably smaller: from 13 per cent in April to 14 per cent in Could in rural areas and from 15 per cent in April to fifteen.8 per cent in Could in city areas. On the entire, the unemployment price for all individuals aged 15-29 years rose 120 bps in Could to fifteen.0 per cent on the all-India degree.

A complete of three.8 lakh individuals have been surveyed in Could, roughly the identical as in April. As a part of the revamped survey design for the PLFS adopted in January, a rotational panel sampling design is getting used. As a part of this design, every chosen family is visited 4 occasions in 4 consecutive months. This ensures that three-fourths of first-stage sampling models, or FSUs, are matched between two consecutive months.

Siddharth Upasani

twitter

Siddharth Upasani is a Deputy Affiliate Editor with The Indian Categorical. He experiences totally on knowledge and the financial system, searching for traits and adjustments within the former which paint an image of the latter. Earlier than The Indian Categorical, he labored at Moneycontrol and monetary newswire Informist (beforehand known as Cogencis). Exterior of labor, sports activities, fantasy soccer, and graphic novels maintain him busy.

  … Learn Extra



Source link

bps business due factors news rate rises seasonal unemployment
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Iran–Israel war could push freight, insurance costs, disrupt Red Sea trade; govt to meet traders this week | Business News

June 17, 2025

Ahead of Bihar polls, Election Commission makes webcasting must for all polling stations | India News

June 17, 2025

Malaika Arora and Arjun Kapoor’s recent interaction sparks curiosity among netizens: ‘Such a loss for you Arjun’; Can you truly move on if you’re still connected online? | Feelings News

June 17, 2025

‘South Africa’s WTC Final triumph has taken away 30-odd years of pain,’ says Allan Donald | Cricket News

June 17, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Nick Aldis announces massive title match for WWE RAW next week

June 17, 2025

California doctor to plead guilty to supplying Matthew Perry with ketamine

June 17, 2025

Billy Ray Cyrus’ New Love Elizabeth Hurley ‘Using Him’

June 17, 2025

Iran–Israel war could push freight, insurance costs, disrupt Red Sea trade; govt to meet traders this week | Business News

June 17, 2025
Popular Post

‘24*7 job, no work-life balance’: Zomato posts 800 vacancies amid mass layoffs

Soyuz MS-24 Spacecraft Rocket With 2 Russians, American Blasts Off For International Space Station Kazakhstan

John Fetterman’s Wife Takes Social Media Break After Backlash Over His Pro-Israel Stance

Subscribe to Updates

Get the latest news from JHB News about Bangalore, Worlds, Entertainment and more.

JHB News
Facebook X (Twitter) Instagram Pinterest
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
© 2025 Jhb.news - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.