India's jobless rate hits 5.1% in July, lowest in four months
According to PLFS data, India's unemployment rate decreased to 5.1% in July, down from 5.5% in June, largely due to better job prospects in rural areas. While rural unemployment declined to 4.5%, urban joblessness saw a slight increase to 6.7%. Additionally, the labour force participation rate rose to 55.4% from 54.4%, showing that a higher number of individuals joined the workforce throughout the month.
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