The country's unemployment rate went up to its highest in five years to 5% in 2015-16, the labour ministry’s annual employment-unemployment survey (EUS) for persons aged 15 years and above has revealed.
The country’s unemployment rate went up to its highest in five years to 5% in 2015-16, the labour ministry’s annual employment-unemployment survey (EUS) for persons aged 15 years and above has revealed.
The unemployment rate for 2013-14 was 4.9%, in 2012-13 it was 4.7% and in 2011-12, 3.8%.
The labour ministry has been conducting EUS since 2009-10 with the prime objective of
providing data on employment and unemployment at regular annual intervals. EUS is a household survey.
The fifth annual survey (2015-16) has a sample of 1,56,563 households and covers all the states and districts of the country.
As per the report, the unemployment rate in rural areas for males has remained static at 4.2% in 2015-16 compared with 2013-14, but it has gone up for females at 7.8% from 6.4% in 2013-14. However, in urban areas, the rate for both males and females has come down to 3.3% and 12.1% in 2015-16 from 3.9% and 12.4%, respectively, in 2013-14.
The report also revealed that the unemployment rate for the male and female youth aged between 18 years and 29 years stood at 11.3% and 20%, respectively.
As per the fifth EUS, labour force participation rate (LFPR) is estimated to be 50.3% under the usual principal status (UPS) approach, which means a person was employed for at least 182 days in a year.
The report reveals that LFPR for males has gone up to 75% in 2015-16 compared to 74.4% in 2013-14, but female LFPR has gone down to 23.7% from 25.8% in 2013-14. The LFPR for males was the highest at 77.4% in 2011-12, but for females, it was in the year 2013-14.
The labour ministry has also been conducting quarterly employment survey (QES) since 2009. Considering the importance of the survey, the labour ministry has decided to enhance the scope of the survey by enhancing the number of sectors and also the sample size.
Sources said as per the revised QES, the total estimated employment in eight selected sectors such as manufacturing and construction stood provisionally at 205.16 lakh, as on April 1, 2016.
The report of the first round of revised QES is expected to be released shortly.