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Unemployment Rate Dips To 7.2% In July-September: NSO Survey

Unemployment rate for persons aged 15 years and above in urban areas declined to 7.2% during July-September 2022 from 9.8% a year ago, the National Statistical Office said on Thursday.

Joblessness or unemployment rate is defined as the percentage of unemployed persons among the labour force. Joblessness was high in July-September, mainly due to the staggering impact of Covid-related restrictions in the country.

The latest data based on a periodic labour force survey, underlining a decline in the unemployment rate amid an improved labour force participation ratio, point towards a sustained economic recovery from the shadow of the pandemic.

The unemployment rate for persons aged 15 years and above in April-June 2022 was 7.6% in urban areas, the 16th Periodic Labour Force Survey showed.

It also showed that the unemployment rate among females (aged 15 years and above) in urban areas declined to 9.4% in July-September from 11.6% a year ago. It was 9.5% in April-June 2022.

Among males, the unemployment rate in urban areas dipped to 6.6% in July-September compared to 9.3% a year ago. It was 7.1% in April-June 2022.

Labour force participation rate in current weekly status in urban areas for persons aged 15 years and above increased to 47.9% in the July-September, from 46.9% in the same period a year ago. It was 47.5% in April-June 2022.

Labour force refers to the part of the population which offers to supply labour for pursuing economic activities for the production of goods and services and, therefore, includes both employed and unemployed persons.

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