State Of Employment In India:
According to the latest data from the Centre for Monitoring Indian Economy (CMIE), India’s labor force participation rate (LFPR) has fallen to 40% from 47% in 2016.
- According to the Centre for Monitoring Indian Economy (CMIE), the labor force consists of persons who are of age 15 years or older, and belong to either of the following two categories:
- Are employed
- Are unemployed and willing to work and are actively looking for a job.
- LFPR is defined as the percentage of persons in the labor force in the population.
- LFPR includes those who are employed and those who are unemployed
- Worker Population Ratio (WPR) is defined as the percentage of employed persons in the population.
- Unemployment Rate (UR) is defined as the percentage of persons unemployed among the persons in the labor force.
- Chhattisgarh has the country’s lowest unemployment rate.
- The world over, LFPR is around 60%. In India, it has been sliding over the last 10 years and has shrunk from 47% in 2016 to just 40% as of December 2021.
- According to CMIE data, as of December 2021, while the male LFPR was 67.4%, the female LFPR was 9.4%.
- It means, less than one in 10 working-age women in India are demanding work.