CMIIE’s weekly analysis shows that the labour markets have been weak especially during the last quarter of 2022-23. While the LPR fell from 40.5% in December to 39.8% in March 2023, the unemployment rate fell marginally from 8.3% to 7.8% while the employment rate fell from 37.1% in December 2022 to 36.7% by March 2023.
