Labour survey exhibits job state of affairs improved in 2019-20

Labour indicators recorded an all-round enchancment in 2019-20 in contrast with the earlier two years, information launched by the National Statistical Office (NSO) on Friday confirmed.
According to the third annual report on Periodic Labour Force Survey (PLFS), carried out by the NSO between July 2019 and June 2020, the unemployment price fell to 4.8 per cent in 2019-20. In 2018-19, it stood at 5.8 per cent and 6.1 per cent in 2017-18. Unemployment price is outlined as the proportion of individuals unemployed among the many individuals within the labour pressure.
NSO launched the PLFS in April 2017. The first annual report (July 2017-June 2018) was launched in May 2019 and the second (July 2018-June 2019) in June 2020. The outcomes of PLFS 2017-18, out in 2019, confirmed unemployment at of 6.1 per cent.

The pandemic hit the nation arduous in March-April final yr. According to the Centre for Monitoring of Indian Economy (CMIE), the month-to-month jobless price for March 2020 was 8.75 per cent, which rose to 23.52 per cent in April 2020, then got here down a little bit to 21.73 per cent in May and in June 2020, it was 10.18 per cent.