Open unemployment rate dips to 6.6 pc in 2021-22: Azim Premji University Report

Open unemployment rate in India has declined to 6.6 per cent in 2021-22 but there has been very weak growth in real labour earning post-Covid, a report by Azim Premji University said on Wednesday.

According to the report, the share of workers with regular wage or salaried work started increasing in 2004 from 18 per cent to 25 per cent for men and 10 per cent to 25 per cent for women.

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Between 2004 and 2017, around 3 million regular wage jobs were created annually which jumped to 5 million per year between 2017 and 2019. However, the pace of regular wage job creation decreased since 2019 due to the growth slowdown and the pandemic, the report said.