Introductory Memo
Talk about unemployment in India often sounds alarming, but the actual data shows a different picture. As per the latest Periodic Labour Force Survey (PLFS) 2025 report, the unemployment rate is around 3.1% for people aged 15 and above. Back in 2017–18, when this survey first started, it was about 6%. This means unemployment has steadily come down over the years.
Seen this way, the job market in India appears to be improving step by step. This also raises a simple question: if there was truly a serious unemployment crisis, would official data show such a consistent decline?