CMIE data shows the labour participation rate was 40.5 per cent in February 2021, slightly lower than the 40.6 per cent recorded in January 2021 and 42.6 per cent in February 2020
New Delhi: The unemployment rate in February is at 6.9 per cent, lower than the average since July at 7.3 per cent, but other metrics like labour participation rate have worsened.
The rate of labour participation and employment rate last month continued to be low, reflecting an exodus of labour from the labour markets in the face of lack of jobs, the Centre for Monitoring Indian Economy said.
“The unemployment rate has recovered to its pre-lockdown levels. However, recovery in the labour force participation rate and the employment rate remain significantly lower than their levels before the lockdown,” CMIE said in its weekly analysis on Thursday.
Source: ET Now News
