Unemployment Rate: The unemployment rate in the country increased; The most disturbing news in 11 months
Unemployment Rate | An alarming picture has emerged regarding the employment sector in the country. The number of unemployment in the country has increased once again. According to the latest data from the Central Government’s Periodic Labor Force Survey (PLFS), the country’s unemployment rate has reached an 11-month high in May 2026. This is the fourth month in a row that the unemployment rate has risen. This is considered to be the worst figure for the country in the last 11 months.
The country’s unemployment rate was 5.2 percent in April. However, it increased to 5.5 percent in May. Especially, it has been seen that the impact of unemployment has hit the rural areas more. The rural unemployment rate was 4.6 percent in April, rising to 5.1 percent in May. Due to non-availability of expected amount of employment in agriculture and related businesses, the stress on the rural economy has increased.
On the contrary, there has been a marginal improvement in the situation in urban areas. The unemployment rate in cities fell to 6.4 percent from 6.6 percent. Hence, the picture is clear that cities are still ahead of rural areas in terms of employment availability. Unemployment Rate
Youth and women are most affected by the reduction in employment opportunities. Even after completing their education, many youths are not getting jobs, so there is an atmosphere of uncertainty in front of them. On the other hand, these statistics have revealed that employment opportunities for women in rural areas are becoming more limited.
According to experts, the increase in unemployment is considered as an alarm bell for the economy. Lack of employment affects the income of citizens, resulting in reduced market purchases. A decline in consumer spending can also slow down industry, business and overall economic growth. Unemployment Rate
Meanwhile, signs of weakness in the job market are also coming from other indices. The labor force participation rate, which measures the proportion of people looking for work, fell from 55 percent to 54.4 percent. Also, the worker population ratio, which shows the proportion of people in actual employment, has come down from 52.2 percent to 51.4 percent.
Comments are closed.