Wednesday 18 July 2012

India recorded 3.8 Percent Unemployment Rate in the Year 2010-11

According to the findings of unemployment survey conducted by the Labour Bureau of the Government of India, the country recorded 3.8 percent unemployment rate in the year 2010-11. The earlier figure (2009-10) was 9.4 percent. The survey was conducted in all 28 states and 7 Union Territories. The findings of the survey were released on 9 July 2012.
As per the survey report the official unemployment rate of the country was 3.8 percent, with urban unemployment and rural unemployment stood at at 5.1 percent and 3.5 percent respectively. Women unemployment at 6.7 percent stood significantly ahead of men unemployment rate which stood at 2.8 percent. The report stated that of those with a livelihood, the majority were self-employed or casual labour. While 48.6 per cent were self employed, 31 per cent were casual labour.
On the basis of social stratum the rates of employment for the SC, ST, and OBC groups stood at 55.9 per cent, 59.7 per cent, and 53.3 per cent respectively, as compared to 48.5 per cent for the general category.
The unemployment rate was found maximum in states such as Goa (16 percent), Kerala (9 percent) and West Bengal (7 percent), while Gujarat (1 Percent) had the lowest number of unemployment rate. Less developed states such as Bihar, Odisha and UP also recorded a moderate unemployment rate.
The data was collected from a sample of 128298 households, while the size of the sample of previous survey was fourth of this size.

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