India’s Unemployment Rate Rises to Five-year High in 2015-16

As per the fifth annual employment-unemployment survey of households released by Labour Bureau, the country’s jobless rate rose to 5% with females having the highest unemployment rate at 8.7% for women as compared to 4.3% for men.

The survey reveals that about 77% of the households had no regular wage/salaried person. About 64.9% of the regular wage/ salaried workers, 67.8% of the contract workers and 95.3% of the casual workers did not have a written job contract in the country in 2015-16.

The survey was conducted during April-December 2015 comprising of a total sample of 1,56,563 households, with 88,783 rural households and 67,780 urban households.