Labour and Employment Minister Bhupendra Yadav informed Parliament on Monday, 28 March 2022, that the unemployment rate in the country has declined by 1.2 per cent from 2017-18 to 2019-20. Union Minister Bhupendra Yadav made the statement by citing data from the Periodic Labour Force Survey (PLFS).
“The data indicate that unemployment rate on usual status for the persons of age 15 years and above has declined for all education levels except graduates. The unemployment rate for graduates has been almost constant for the past three years,” Union Minister Bhupendra Yadav said in a written statement.
Unemployment rate in 2019-20 fell to 4.8%
According to the data shared by Union Minister Bhupendra Yadav, the unemployment rate in 2019-20 fell from 5.8 per cent in 2018-19 to 4.8 per cent. The unemployment rate was 6 per cent in 2017-18, while among graduates it increased from 16.9 per cent in 2018-19 to 17.2 per cent in 2019-20.
Government initiatives for employment
Speaking during the Question Hour in the Lok Sabha, Union Minister Bhupendra Yadav said the rate of employment has increased as the government has taken satisfactory and proper steps for it. An increase in the employment rate, as well as employment opportunities, can be seen if PLFS and another survey conducted by the labour bureau is matched with the employees’ provident fund organisation (EPFO) payroll data.
He attributed the increase in employment rate and opportunities to several schemes and other programs launched by the central government under several ministries and departments.
Union Minister Bhupendra Yadav also listed some of these schemes, which include Make in India, Atal Mission for Rejuvenation and Urban Transformation, National Smart City Mission, PM Awas Yojana, PM Gati Shakti and Swachh Bharat Abhiyan.
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