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Bloomberg Quint

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Image Credit: Bloomberg Quint

Unemployment Rate Sees An Uptick To 5.6% In May

  • The unemployment rate in India increased to 5.6% in May, with urban areas at 6.9% and rural areas at 5.1%.
  • Male unemployment rose to 5.6% in May while female unemployment was slightly higher at 5.8%.
  • Labour force participation rates among individuals aged 15 and above decreased to 54.8% in May from 55.6% in April.
  • In urban areas, the participation rate was 50.4%, and in rural areas, it was 56.9% in May.
  • The decline in participation rates and the increase in unemployment were attributed to seasonal agricultural patterns and higher temperatures in May.

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