What was the overall unemployment rate in India as reported in the 6^_th Annual Employment-Unemployment Survey conducted by the Labour Bureau?

The correct answer is 0.054.

Key Points

• The 6th Annual Employment-Unemployment Survey (2016-17) by the Labour Bureau reported the overall unemployment rate in India as 5.4% (0.054).
• The survey highlighted a higher unemployment rate among women (8.7%) compared to men (4.0%).
• Rural unemployment stood at 5.1%, while urban unemployment was slightly higher at 5.8%.
• The survey aimed to provide detailed insights into employment patterns, labor force participation, and unemployment trends across various demographics.
• The report is considered a critical source for policymaking in addressing employment challenges in India.

Additional Information

• Unemployment Rate:
  • It refers to the percentage of individuals in the labor force who are unable to find jobs despite actively seeking work.
  • Unemployment is categorized into types such as structural, frictional, cyclical, and seasonal unemployment.
• Labour Bureau Surveys:
  • The Labour Bureau, under the Ministry of Labour and Employment, conducts these surveys to assess employment and unemployment trends in India.
  • The surveys are critical in identifying challenges in the labor market and formulating evidence-based policies.
• Periodic Labour Force Survey (PLFS):
  • Since 2017-18, the PLFS by the National Statistical Office (NSO) has replaced the Labour Bureau surveys for better and more frequent labor market data.
  • PLFS provides quarterly estimates for urban areas and annual estimates for both rural and urban regions.
• Labor Force Participation Rate (LFPR):
  • It is the percentage of the working-age population that is either employed or actively seeking employment.
  • India's LFPR has historically been low, particularly for women, due to various social, economic, and cultural factors.
• Policy Interventions:
  • The Indian government has launched schemes like MGNREGA, Skill India, and Start-Up India to address unemployment and enhance skill development.
  • These initiatives aim to provide employment opportunities and promote entrepreneurship among the youth.