The National Sample Survey Office (NSSO) data showed that the unemployment rate (UR) for persons aged 15 years and above in urban areas declined to 6.6 per cent during April-June 2023 from a year ago. Joblessness or unemployment rate is defined as the percentage of unemployed persons in the labour force. The 19th Periodic Labour Force Survey (PLFS) showed the UR for persons aged 15 years and above in April-June 2022 was 7.6 per cent in urban areas. Joblessness was high in April-June 2022 mainly due to the staggering impact of Covid-related restrictions in the country.
In January-March 2023, the unemployment rate was 6.8 per cent. It was 7.2 per cent in July-September 2022 as well as October-December 2022. It also showed that the unemployment rate among females (aged 15 years and above) in urban areas declined to 9.1 per cent in April-June 2023 from 9.5 per cent in the same quarter a year ago. It was 9.2 per cent in January-March 2023, 9.6 per cent October-December 2022 and 9.4 per cent in July-September 2022. Among males, the unemployment rate in urban areas dipped to 5.9 per cent in April-June 2023 compared to 7.1 per cent in the same quarter a year ago. It was 6 per cent in January-March 2023, 6.5 per cent in October-December 2022 and 6.6 per cent in July-September 2022.
Labour force participation rate in CWS (Current Weekly Status) in urban areas for persons aged 15 years and above increased to 48.8 per cent in April-June 2023, from 47.5 per cent in the same period a year ago. It was 48.5 per cent in January-March 2023, 48.2 per cent in October-December 2022 and 47.9 per cent in July-September 2022. Labour force refers to the part of the population which supplies or offers to supply labour for pursuing economic activities for the production of goods and services and, therefore, includes both employed and unemployed persons.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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