Unemployment Rate in India [Updated]

Unemployment is a big problem in India that affects the country’s economy. India has a huge population with a diverse workforce, so changes in the unemployment rate have a big impact on the country’s growth. In this article, we will have a look at the latest unemployment rate in India and we will also learn how unemployment rate is calculated. Watch Video Below 👇

Last 10 years Unemployment Rate in India 2024

Year	Unemployment Rate (percent)
2024	7.8 (September 2024)
2023	8.003
2022	7.33
2021	5.98
2020	8.00
2019	5.27
2018	5.33
2017	5.36
2016	5.42
2015	5.44
2014	5.44
2013	5.42
2012	5.41
2011	5.43
2010	5.55
2009	5.54
2008	5.41

Check More Data Below 👇

• Pradhan Mantri Mudra Yojana (PMMY) Latest Data 2024
• Net Profit of all Banks in September 2024 Quarter
• GDP of Indian States Complete List [Updated]
• Market Capitalization of Public Sector Banks in India [Updated]
• PM Jan Dhan Yojana Performance Report as of Aug 2024
• Top 100 Companies in India with Highest Net Profit this year
• Net Profit of all Private Banks in 2023-24
• Net Profit of all PSU Banks in 2023-24
• SBI, PNB and Other Banks Total Number of ATMs, Download Data
• 60,000 Employees Reduction in Govt Banks in last 5 years, Check Data

How is the Unemployment Rate Calculated?

The formula used to calculate the current unemployment rate in India is as follows:

• Unemployment Rate = Number of Unemployed Persons / Civilian Labor Force

Alternatively, it can be calculated as:

• Unemployment Rate = Number of Unemployed Persons / (Number of Employed Persons + Number of Unemployed Persons)

To be classified as unemployed, an individual must meet specific criteria:

• They must be at least 16 years old and available to work full-time in the last four weeks.
• They should be actively seeking employment during this period.
• Some exceptions include individuals who are temporarily laid off and actively looking to rejoin their previous jobs.

Click here to Check More Data