Millions have lost their livelihoods due to the epidemic, although the unemployment rate is now showing a slight improvement.
A survey conducted by the National Bureau of Statistics (NSO) revealed that the unemployment rate rose to 13.3% in July-September 2020 from 8.4% a year ago. However, This quarterly basis Has shown improvement.
People who do not have a job or do not work in the labor force are called the unemployment rate. According to the Eighth Labor Force Survey released by the NSO, the unemployment rate reached 20.9% in April-June 2020. While in July-September it is 13.3%. This means that it has shown improvement on a quarterly basis. According to the NSO survey, the labor force participation rate in the September 2020 quarter was 37 percent, up from 36.8 percent in the same quarter a year earlier. In April-June 2020, the rate was 35.9%.
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