Job Jitters: Unemployment Spikes, Fewer Indians in Workforce

  • India’s unemployment rate jumped to 5.6% in May, up from 5.1% in April, signaling mounting pressure on the job market.

  • The Labour Force Participation Rate (LFPR) dropped to 54.8% in May from 55.6% in April, showing fewer people are either working or actively seeking work.

  • Both rural and urban areas saw joblessness rise, with youth and women particularly affected.

  • Rural youth unemployment climbed to 13.7% in May from 12.3% in April, while urban youth joblessness rose to 17.9% from 17.2%.

  • Female unemployment edged higher at 5.8% in May, slightly above the male rate of 5.6%.

  • The dip in farm jobs after the harvest season contributed to the rise in unemployment, especially in rural regions.

  • Manufacturing and services sectors also slowed hiring, with urban job creation lagging amid weaker demand and global uncertainties.

  • The data reflects a challenging period for India’s labor market, with both fewer jobs and a shrinking workforce participation rate.

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